The bank cut its five-year posted rate for fixed-rate mortgages from 5.34% to 4.99%
Mortgage credit growth was down, but consumer credit surged
C.D. Howe report calls for regulatory changes to help longer-term mortgages develop into a significant part of the mortgage market
Evidence suggests more Canadians are turning to reverse mortgages
Advisors can help allay client concerns
A new report from Scotiabank says a hotter housing market has led to faster growth in mortgage borrowing
High prices and policy curbs are seen as limiting growth
Almost half of young homeowners said they received financial assistance from their parents
Lower mortgage rates and rising incomes contributed to improved affordability
Nearly two-thirds of residential mortgages that were over 90 days in arrears in Q1 2019 were uninsured