Property Investors and 2nd Home Owners Beware: The Taxman Cometh. Breaking mortgage rate news for Canada’s top mortgage professionals, financial advisors and real estate investors.. New mortgage activity grew at an annual pace of just 3.2% compared to the same time last year, marking the weakest growth since 2001, Statistics Canada data show. At the height of the pandemic-spurred housing market boom in early 2022, mortgage credit grew at an annual pace of 10.9%.
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Despite 475 basis points (4.75%) worth of rate tightening over the past year and a half, mortgage arrears continue to remain just off their all-time low. For the seventh straight month, the national arrears rate held steady at 0.15%, or 7,846 mortgages out of a total of 5.08 million, according to data from the Canadian Bankers Association.. OHL: Greyhounds topple Spirit to even second-round playoff series at 2-2. Bryce McConnell-Barker had two goals and one assist, Charlie Schenkel earned a 27-save shutout and the Sault Ste. Marie.
