Commercial/Multifamily Borrowing Unchanged in Q1 2024

Commercial and multifamily mortgage loan originations were essentially unchanged in the first quarter of 2024 compared to a year ago, and decreased 23 percent from the fourth quarter of 2023, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, released earlier this month.

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Mortgage discounts fail to lure borrowers away from shorter-terms as rate cuts near

Amid ongoing uncertainty over the direction of interest rates, Canada’s mortgage market has seen a significant shift in borrower and lender behaviours. Anticipating a potential rate decline, both parties have adjusted their strategies, leading to increased discounts on fixed-term mortgages and a surge in demand for shorter-term mortgages.

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