Blog
July 15, 2024
Bank of Canada’s June rate cut was like bringing a butter knife to a gunfight
Financial Post ~ July 4th, 2024 Canadian real estate and overleveraged borrowers need a bigger saviour. A measly 25-basis-point drop in average mortgage rates only translates into a little more than two per cent improvement in payment affordability (home buying power). Hence, the psychological boost from the bank’s initial cut […]
June 24, 2024
Are longer mortgage terms the solution to Canada’s payment shock challenges?
Canadian Mortgage Trends ~ June 23rd, 2024 Payment shocks at renewal due to shorter mortgage terms have become a growing concern for many Canadians. This has led some to question whether adopting longer mortgage terms, similar to those in the United States, would provide greater financial stability. While Canadian lenders […]
June 11, 2024
Can a single rate cut make waves in Canada’s housing market? What to know
Global News ~ June 6th, 2024 The Bank of Canada’s first interest rate cut in over four years on Wednesday will have a “psychological” impact on the Canadian housing market, but will likely not be enough to meaningfully improve affordability, experts say. The Bank of Canada cut its key policy […]
May 28, 2024
This Week’s Top Stories: Canadian Mortgage Defaults Worry Regulator & Young Adults Flee Big Cities
Better Dwelling ~ May 26th, 2024 Canadian Bank Regulator Sees Mortgage Defaults Rising, 1 In 7 Of Concern Canada’s bank regulator is warning that mortgage debt is one of the biggest risks to the country. OSFI released its annual risk outlook and mortgage credit was one of the top 4 […]
May 23, 2024
Oriana Financial Brokerage Of The Year!
Oriana Financial was honoured to receive the Brokerage of the Year Award! ‘ Thank you to our dynamic team, trusted lending partners, and outstanding clients for helping making this possible. Thank you to CMBA Ontario for putting on a great few days of learning, networking, and celebrating. Proud to be […]
May 14, 2024
Renters so far more ‘vulnerable’ than homeowners amid higher interest rates. Why?
Global News ~ May 9th, 2024 Canada’s renters are showing more signs of financial stress amid rising debt costs than homeowners facing higher mortgage rates, according to a new analysis from the central bank. The Bank of Canada released its Financial Stability Report for 2024 on Thursday. Overall, the central […]
April 15, 2024
Spring housing market looms over the Bank of Canada’s rate decision. Here’s why
Global News ~ April 8th, 2024 Fears that the spring housing market could “overheat” will be in the background as the Bank of Canada readies for its interest rate decision on Wednesday, experts say. The spring housing market, which kicks off in March, is typically one of the busiest times […]
March 15, 2024
Mortgage rates slide below 5% in time for spring
CMP Magazine ~ March 11th, 2024 Mortgage rates have started to decline, offering a glimmer of hope to prospective homeowners, especially as the spring housing market heats up. For the first time since the Bank of Canada’s rate hike in June last year, five-year fixed mortgages have dipped below 5% […]
February 26, 2024
Bank of Canada to cut interest rates in half by end of next year: Desjardins
Financial Post ~ February 24th, 2024 Canadians can expect the Bank of Canada to start providing some respite this spring as the central bank “slowly but surely” moves towards its first interest rate cuts, says Desjardins Group. Chief economist Jimmy Jean says Desjardins is forecasting the first rate cut in […]
February 14, 2024
Canada’s job market beats January expectations
Canadian Mortgage Professionals ~ Ferbuary 12th, 2024 Canada’s job market showed unexpected strength at the beginning of the year, with a surge in new jobs and a dip in unemployment, suggesting potential room for the Bank of Canada (BoC) to consider interest rate cuts if inflation pressures continue to wane. […]
