The real estate start-up that pledged to buy your home at a guaranteed price if it didn't sell has shelved that offer. The company attributes the decision to "unprecedented volatility in the Canadian housing market." And with CREA's national average home price tumbling 25%

In just 19 days we've seen Canada's 5-year yield ramp-up 67 bps. Despite that, there are still dozens of lenders with fixed rates under 5%. Mind you, they're mostly 5-year fixed insured/insurable rates—plus a few fleeting 3- and 4-year products.

Those buckling under the pressure of high interest rates got a breath of fresh air on inflation today. January headline CPI dropped to 5.9% year-over-year, 20 bps below expectations. That was partly a function of monetary policy working its magic and partly due to the favourable 2022 January comparable

"Many of the credit scores shared with consumers today in Canada are not the scores being used to make lending decisions," says credit analytics firm, FICO. As a result, mortgage applicants who are declined because of a low score are often perplexed when their free score is higher.