Fergal McAlinden

1 day ago | mpamag.com | Fergal McAlinden

Homebuilding gathers pace in welcome boost for Carney government By 15 May 2025 Housing starts across the country spiked by 30% last month compared with March, a much bigger jump than expected in a boost to the home construction and supply outlook. Canada Mortgage and Housing Corporation (CMHC) said on Thursday that the seasonally adjusted annualized rate (SAAR) of starts hit 278,606 units in April, surpassing economists’ expectations of 227,500 starts.

1 day ago | mpamag.com | Fergal McAlinden

China could technically crash the US housing market – but whether it could afford to do so is another question By 15 May 2025 A sharp uptick in Treasury yields as the US and China lurched deeper into a trade war last month stirred fears that China was dumping its US government debt – potentially roiling the bond market and sending mortgage rates shooting higher.

1 day ago | mpamag.com | Fergal McAlinden

But a gradual return to more normal immigration numbers should buck that trend as the Bank of Canada eyes rate cuts By 15 May 2025 Immigration has been a big driver of Canada’s housing market over the decades, with new Canadians representing a sizable – and ever-growing – homebuying cohort.

2 days ago | mpamag.com | Fergal McAlinden

Executives in the space on recent trends and standards within MIC lending By 14 May 2025 The rise of private lending and mortgage investment corporations (MICs) in recent years has given mortgage brokers and their clients an ever-expanding range of solutions to meet borrowing needs. But lenders in the sector are urging Ontario agents to take a more diligent approach to the private space – and some feel education standards are lacking among the mortgage community.

3 days ago | mpamag.com | Fergal McAlinden

Fed officials are still concerned about tariff risks, although traders now expect fewer rate reductions this year By 13 May 2025 Traders pared back expectations for Federal Reserve rate cuts after the US and China agreed a 90-day pause on tariffs – but Fed officials still sounded downbeat on the economic outlook despite the deal.