Stress test impact, Rates latest, Inflation, Tax credit, New tool, More

What impact will an unchanged stress test have in 2023?
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12 January 2023
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What impact will an unchanged stress test have in 2023?

OSFI looks unlikely to waver in its judgement that the qualifying rate needs to stay the same for now

New tool to protect against mortgage fraud

"We have proactive tools that can be used to chase away potential fraudsters at the initial stages of the mortgage application process."

Premium
RFA laying groundwork for further growth

The company is taking the next steps on the path to becoming a leading lender in the mortgage broker channel

Date the rate, marry the home: taking advantage of lower home prices

Keep your eyes on the prize –not on the rates

What should be a key strategy for mortgage professionals at the start of 2023?

"Take a breath. It has been challenging, and it will continue to be challenging"

How are interest rate rises impacting homeownership?

Here's a look at one town…

Where has Canadian population growth been most pronounced?

Statistics Canada highlights areas of strength

Feds announce new tax credit for home renovations

Tax refund will be for expenses related to building in-home facilities for senior or disabled family members

High inflation hitting Canada's new immigrants

"We have to feed six family members"

How is Canadian consumer sentiment shaping up at the beginning of 2023?

New poll results indicate improved confidence

International News
Mortgage lender to cut costs and workforce as it "right-sizes"

"This move requires the very difficult but necessary decision to say goodbye to many talented people"

Capital city rents still surging – report

While last quarter saw some relief, it may be short-lived, expert warns

Monetary Policy Committee urged to reconvene in January

7.2% inflation is "hardly the kind of high performance that deserves a long break," ACT says

FCA imposes £4.02 million fine on another bank

Bank penalised for anti-money laundering failures


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