Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Bank of Canada will keep its target rate as-is: Good news for those in a variable rate Mar 14th
This week even more good news was announced by the Bank of Canada. A press release stated that the overnight rate will stay the same for the time being. This is great news for those with variable rate mortgages.
Only weeks ago, many were speculating on a micro-decrease but that didn’t happe.... More »
Why are mortgages so expensive in Canada? + MORE Feb 26th
The start of 2025 kicked off with fewer home sales than many hoped. Real estate prices ticked higher in many of Canada’s major markets—and prospective home buyers saw their purchasing power shrink.
Ratehub.ca just released its latest January Affordability Report. (Both MoneySense and Ratehub..... More »
Reverse mortgages are cheaper than ever. Should you use one to tap into your home’s equity? + MORE Feb 25th
A reverse mortgage allows you to tap into the rising value of your home without selling it, writes David Aston. But watch out for the penalties and fees..... More »
Early cracks in household credit hint at mortgage stress by 2026, CIBC’s Benjamin Tal warns + MORE Nov 6th
Household credit strain is creeping in at the edges, and CIBC economist Benjamin Tal says it could spread to mortgages as payment shocks peak next year..... More »
The Latest in Mortgage News: New Data on Financial Distress in Canada + MORE Jun 29th
A significant number of Canadian households reported being late on a debt payment or missing it entirely, according to a new report from Statistics Canada. The 2016 data from the agency’s Survey of Financial Security shows that more than 1-in-10 Canadians (11%) with some form of debt reported skip.... More »
Mortgage Career: Merix Financial
– canadianmortgagetrends.com
Company: Merix Financial Position: Director, Business Development Location: Albert and Toronto, ON Send resume to: veronica.love-alexander@merixfinancial.com and apoorva.shukla@paradigmquest.com Salaried Mortgage Agent About Merix Financial: Merix Financial Inc. is an intermediary between mortgage wholesalers and mortgage originators, providing superior sales and service operations. By way of its agency relationship with wholesalers, Merix is responsible for originating mortgage volumes via independent mortgage originators, such as mortgage brokers. Merix Financial is a national company with its head office located in Toronto, ON, Canada. Reports To: Sales and Training Manager, Western Canada Position Summary As a member of Merix Financial, you will READ MORE
Get Ready for Springtime Spending
– ratesupermarket.ca
Winter has finally lessened its grip, and cold weather-weary Canadians have emerged to enjoy the sunnier days. But it’s not just spring flowers that are in for a growth spurt; warmer weather can have a taxing effect on the wallet as well.
Read on for this week’s top savings tips, from the best credit cards for patio hopping, to questions every savvy first time home buyer should know to ask.
The Best Credit Cards for Dining Out
With less spending power and stagnant wage growth, many Canadians are choosing to dine out less frequently, according to the Conference Board of Canada. How can you offset your dining costs? We’ve rounded up the best credit cards for earning rewards on your restaurant purchases.
Read Amanda’s Blog | The Best Credit Cards for Dining Out
CMHC to Investigate Foreign Real Estate Ownership
What is the true extent of foreign real estate ownership in Canada? The CMHC is attempting to find out, as both house and condo prices skyrocket. But will this new set of data paint a realistic picture of homeownership in Canada?
Read Allan’s Blog | CMHC to Investigate Foreign Real Estate Ownership
4 Essential Mortgage Features to Ask For
Buying a home? Savvy mortgage shoppers know comparing the market for the best rate is a great way to score a better deal on home financing…
