Canadian jobless rate falls to 6.6% /canadian-employment-up-mortgage-rates The recent surge in Canadian employment has brought a welcome boost to the job market, with 87,800 new jobs added in May. This significant increase has led to a decrease in the jobless rate, now standing at 6.6%. As a seasoned mortgage broker in Ontario, I will analyze […]

Tango partners with Tactical Mortgage Solutions to improve client conversations and conversion. https://kia.mortgage/blog/tango-financial-joins-broker-tech-push Introduction to Mortgage Brokerage Innovations The Canadian mortgage market is witnessing a significant shift, with brokerages investing heavily in technologies designed to enhance client interactions, conversion rates, and advisory services. Tango Financial’s recent partnership with Tactical Mortgage Solutions is a prime example

Greater Toronto home sales increase as prices fall /greater-toronto-home-sales-up Introduction to the Greater Toronto Housing Market The Greater Toronto Area (GTA) has marked its third consecutive month of increased home sales compared to the previous year, according to recent data from the city’s real estate board. This uptick in sales is accompanied by a decline

Mortgage market update: EQB mortgage book grows eqb-mortgage-book-growth Introduction to EQB Mortgage Book Growth The recent news that EQB’s mortgage book has grown, despite higher credit provisions and a softer housing market, has significant implications for the Canadian mortgage market. As a mortgage broker in Ontario, I will analyze the news and its effects on

Mortgage market correction affects Canadians canada-housing-market-drop-impact Introduction to Canada’s Housing Market Correction The Canadian housing market has experienced one of its sharpest corrections, with prices dropping by 20%. Despite this significant decline, many Canadians still find themselves locked out of the market. As a mortgage broker in Ontario, I will analyze the implications of this

Mortgage rates increase with bond yields, affecting borrowers in Ontario. /kia-mortgage/news/fixed-mortgage-rates-head-higher Introduction to Fixed Mortgage Rate Changes The recent spike in bond yields has led to an increase in fixed-rate mortgage offers, affecting borrowers across Ontario. As a mortgage broker, I’ll analyze the implications of this change and provide guidance on how to navigate the

Mortgage rates in Canada are increasing due to bond yield spike. https://kia.mortgage/blog/fixed-mortgage-rates-head-higher Introduction to Rising Mortgage Rates The recent surge in bond yields has led to an increase in fixed-rate mortgage offers, affecting borrowers across Ontario, including those in Toronto, Richmond Hill, and Vaughan. As a seasoned mortgage broker, I will analyze the implications of

Canada dips into technical recession, Ontario mortgage market implications https://kia.mortgage/news/canada-technical-recession Introduction to Canada’s Technical Recession The Canadian economy has entered a technical recession, marking the first time since 2020. This development has significant implications for the Ontario mortgage market. As a seasoned mortgage broker, I will delve into the details of this recession and its

Royal Bank of Canada tops estimates with strong results RBC Beats Estimates Introduction Royal Bank of Canada’s recent financial results have surpassed expectations, driven by better-than-expected performance across most of its business lines and lower-than-forecast provisions for loan losses. As a mortgage broker in Ontario, I will analyze the implications of this news on the

Scotiabank tops estimates with strong Canadian unit results scotiabank-beats-estimates Introduction Bank of Nova Scotia’s recent earnings report has sent ripples through the Canadian mortgage market. As a licensed mortgage broker in Ontario, I’ll analyze the implications of Scotiabank’s performance on the mortgage landscape, focusing on the impact for homebuyers, refinancers, and investors in the province.