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Canada faces a growing housing shortfall, requiring nearly $2 trillion in capital over five years to add 3.5 million housing units, states a new RBC report. The report suggests considering US-style tax tools to attract private capital. hubs.la/Q03r8-fD0

Don’t miss out—this is the final week to nominate for Rising Stars 2025! Know someone 35 or under driving change in the mortgage industry? Submit before June 13. Enter here: hubs.la/Q03n497D0 #CMPRisingStars2025

Mentorship and networking are crucial for women in the mortgage sector. Sofia Hondrogiannis TD Canada highlights evolving mentorship needs, while Fern Glowinsky Haventree Bank advises "network like crazy" for accelerated growth and industry immersion. hubs.la/Q03rnk3y0

Mortgage professionals are highly vulnerable to burnout due to the industry's fast pace and constant demands. Dr. Samra Zafar explains that loving your job can increase vulnerability, as self-worth often ties to performance, leading to guilt. hubs.la/Q03rnrcZ0

Current wildfire activity in Canada is raising concerns about infrastructure, insurance, and emergency coordination. Premiers Wab Kinew (MB) and Scott Moe (SK) confirm local responses as displaced residents find shelter. hubs.la/Q03rnrfW0

Jen Watts of Community Trust advises women in mortgage to "be bold, be loud and don't self-limit," and to invest financially and emotionally in their businesses. hubs.la/Q03rs1N00

Many first-time homebuyers feel discouraged by negative Toronto headlines, says Sky Sorenson of The Mortgage Associates. He actively corrects these misconceptions, helping clients realize homeownership isn't as gloomy as perceived outside Toronto. hubs.la/Q03rs6y20

The condo market crisis in the Greater Toronto Area is deepening, with sales down 75% since Q1 2022. Vancouver is also seeing a dark outlook for condo investors, with sales plummeting 37% in the same period, according to CMHC. hubs.la/Q03rx0rX0

CIBC CEO Victor Dodig proposes a new policy: exempt income up to $75,000 from federal tax for Canadians under 30 who save at least $15,000 annually in designated accounts. This aims to boost savings for future housing. hubs.la/Q03rs1NV0

RBC's Robert Hogue highlights that while Toronto's existing home sales rose 8.4% in May, elevated inventory weighs on prices. Vancouver's resale transactions declined for the sixth consecutive month, as noted in the bank's analysis. hubs.la/Q03rHZWb0

A federal appeals court has allowed Donald Trump to continue enforcing his global tariffs, overturning a lower court ruling. The US Court of Appeals for the Federal Circuit expedited the case, citing "issues of exceptional importance." hubs.la/Q03rH-zm0

Rising missed payments and shrinking credit demand in the first quarter of 2025 point to increasing financial strain among Canadian businesses, according to new data from Equifax Canada. hubs.la/Q03rJ2Pc0

Canada’s residential mortgage market faces growing risk in a turbulent economy, according to CMHC's latest report. CMHC states the overall economic outlook remains the "biggest source of risk" due to unemployment's impact on mortgage defaults. hubs.la/Q03rWY740

Canada's economy faces political turmoil and a US trade war, influencing fixed mortgage rates. Sherry Cooper, Chief Economist at Dominion Lending Centres, sees five-year bond yields as key, impacted by federal deficits. hubs.la/Q03rXjLL0

Entries for Canadian Mortgage Professional’s Rising Stars are welcome until Friday, June 13. hubs.la/Q03r_01Z0

Canada’s proposal to eliminate the federal goods and services tax (GST) on select new home purchases will see an average of $26,832 in savings for the typical first-time buyer, according to a new report from the Parliamentary Budget Officer (PBO). hubs.la/Q03r--L00

Statistics Canada reports mortgages account for nearly 75% of Canadian household debt, which rose to $3.07 trillion in Q1 2025. Despite a slowdown in new borrowing, the debt-to-income ratio edged up, indicating continued reliance on credit. hubs.la/Q03s4M-n0

Antoinette Leung of FSRA encourages principal brokers to conduct thorough reference checks when hiring, including contacting previous principal brokers. hubs.la/Q03s4T8F0

Devlin Capital's Ed Devlin warns that high global debt and rising interest rates create structural risks. He believes rates must fall for G7 debt sustainability and expects a Canadian recession within 12 months. hubs.la/Q03s4WWC0

Canada's housing market saw its first monthly sales increase since November, rising 3.6% in May, reports CREA. This shift follows improving economic sentiment after diplomatic progress between Prime Minister Mark Carney and US President Donald Trump. hubs.la/Q03sg1F80