As some of you have already heard, Equitable Bank CEO and industry trailblazer Andrew Moor passed away without warning this weekend. It was a shock to everyone who's been in this business for more than a few years. The reason: he was one of the finest members of

The 2024 Fall Economic Statement announced that the Canada Revenue Agency (CRA) had reached out to mortgage originators and financial institutions. Their purpose was to brainstorm the best design for a new tool to combat mortgage fraud. Unfortunately, since CRA's industry consultation was publicized, it's been

💡See also: Mortgage Tidbits below. Fresh numbers suggest that more buyers may finally catch a break: * National benchmark home prices are 18% off their peak * Weekly paycheques have climbed 18% in 48 months * Mortgage insurance rules are their loosest in years, and * Mortgage rates are flirting with three-year lows. Mortgage

It's been getting harder for banks to make money, as evidenced by today's rare RBC profit miss. A big culprit is the evolving economic forecast, one which now reads "more dreary with a chance of defaults." That's leading banks like RBC to