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Why mortgage brokers are embracing ‘digital onboarding’ and not looking back

During the early days of the mortgage business, brokers would require a lot of paperwork to be submitted by prospective clients in order to get them approved by a lender. No more. Brokers are now increasingly using digital onboarding to do…

Higher interest rates eroding business and consumer sentiment: BoC

Canadian businesses and consumers are feeling the effects of interest rate increases exceeding 450 basis points (4.5%) since April 20, 2022 and expected high inflation. According to the Bank of Canada's latest quarterly Consumer Survey of Consumer Expectations, current economic conditions…

OSFI shelves some of its regulatory proposals in response to stakeholder feedback

The Canadian banking regulator has confirmed that it will not pursue several proposed mortgage regulations, which it introduced earlier this summer after they received widespread criticism and concern during the public consultation period. The Office of the Superintendent of Financial…

CIBC’s Tal: “We are very, very close to the end of monetary tightening”

CIBC deputy chief economist Benjamin Tal said that while we are very close to the end of Bank of Canada rate hikes--or maybe already there--the biggest question is when the Bank will be cutting rates. On that front, he believes…

“No need for further rate hikes” after inflation surprises to the downside

The Bank of Canada's rate decision next week is more likely to be a rate hold, as Canada's headline rate of inflation has once again been trending down. Statistics Canada announced Tuesday that the headline CPI inflation rate rose by…

Resilience of The Toronto & Vancouver Home Prices Despite Declines

In the realm of real estate, the cities of Toronto and Vancouver have long stood as stalwarts, capturing the attention of investors, homeowners, and market analysts alike. While recent times have witnessed fluctuations in home prices, a long-term perspective reveals…

Exploring Repayment Options for Delinquent Mortgage Payments

When facing the challenges of delinquent mortgage payments in Canada, it's crucial to explore repayment options that can help you regain control of your financial situation and avoid potential foreclosure. At Lionsgate, we understand the stress and uncertainty that can…

Opinion: How to bridge the housing affordability gap for a generation without a home

In the imminent days, the novel assembly of federal decision-makers will congregate in P.E.I. for their seasonal sojourn and housing. This marks their primary juncture to convene and outline priorities anterior to the return to Parliament in the midst of…

Impact of Delinquent Mortgage Payments on Credit Scores

In today's rapidly evolving financial landscape, it's crucial to understand the far-reaching implications of delinquent mortgage payments on credit scores in Canada. At Lionsgate, we are committed to providing you with comprehensive insights into this topic, empowering you to make…

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