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… Read More

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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% […]

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 […]

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. […]