Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Lowest mortgage rates rise above 4% as bond yields surge Dec 12th
A sharp rise in bond yields has pushed fixed mortgage rates higher, undoing weeks of declines and signalling a stubborn pricing floor for borrowers..... More »
Mortgage or retirement savings? Where to get the most bang for your extra bucks + MORE May 4th
Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Mortgage or retirement savings? Where to get the most bang for your extra bucks - thestar.comContinue Reading On thestar.com »
The L.... More »
Latest in Mortgage News: CMHC to Get New Name, Maybe “Housing Canada” + MORE Sep 23rd
What’s in a name? Well, in the case of the Canada Housing and Mortgage Corporation, “mortgage” likely won’t be for much longer. The housing agency announced last week that it will be undergoing a rebranding in the coming months to better reflect its mandate. CEO Evan Siddall .... More »
Brokers: How to Stay in Touch with Your Clients Oct 13th
It’s a mortgage broker’s job to remain in touch with their clients. But because years can pass between dealing with these clients, and perhaps for a lack of organization skills, that doesn’t always happen. Unfortunately, when it’s time to refinance or renew the mortgage, these fo.... More »
How to take advantage of the first home savings account + MORE May 10th
In April, in response to Canada’s white-hot housing market, the federal government introduced the tax-free first home savings account (FHSA). The FHSA is a new kind of registered account aimed at easing the path of first-time home buyers to securing a mortgage at a time when average Canadian home .... More »
Build a portfolio you can ‘set and forget’
– moneysense.ca
Ian Nelson, 37, Toronto (Photograph by Roberto Caruso)The Problem
Ian Nelson is a 37-year-old married father of two from Toronto who has spent the last several years paying off the mortgage on his $750,000 home and adding to his retirement savings. Right now, he has a six-figure portfolio invested solely in RRSPs that includes several Canadian stocks as well as three mutual funds, a handful of exchange-traded funds (ETFs), GICs and $16,000 in cash. Now, he’s looking for a well-diversified portfolio that’s low-cost and low-maintenance. “I invest $5,500 quarterly into RRSPs and expect to do this until retirement at age 55. I want to simply buy and hold.”
It’s no small feat to create a low-fee portfolio that doesn’t require annual rebalancing, says Miles Clyne, a portfolio manager with the Tycuda Group at MacDougall Investment Counsel Inc., in Langley, B.C. “But it can be done.”
The Fix
To get the asset allocation and diversification Nelson needs, Clyne recommends that he build his portfolio using two of the four ETFs that make up the iShares Portfolio Builders series of funds: the Conservative Core fund (XCR) and the Global Completion fund (XGC)…
Mortgage Career: Peoples Trust
– canadianmortgagetrends.com
Company: Peoples Trust Company Position: Underwriting Assistant Location: Vancouver, BC Apply to: Click here Underwriting Assistant Do you want to be part of a smaller more personal organization? One that recognizes that people are the cornerstone of its continued success. If so then Peoples Trust is where you want to be. We offer long-term careers, competitive compensation packages and a great place to work, combined with the opportunity for personal and professional growth. We are looking for a Mortgage Underwriting Assistant to join the Toronto Branch team! Peoples Trust is a successful Financial Institution located in Vancouver, with over $6 READ MORE
Mortgage Career: MCAN XCEED Mortgage Corporation
– canadianmortgagetrends.com
Company: MCAN XCEED Mortgage Corporation Position: Senior Underwriter Location: Toronto, ON Apply to: careers@mcanmortgage.com Senior Underwriter ABOUT MCAN MORTGAGE CORPORATION MCAN Mortgage Corporation (“MCAN”), listed on the TSX under the symbol MKP and is a reporting issuer in all provinces and territories in Canada, qualifies as a mortgage investment corporation (“MIC”) under the Income Tax Act (Canada) (the “Tax Act”) is regulated by the Office of the Superintendent of Financial Institutions (“OSFI”) and issues term deposits eligible for deposit insurance from the Canada Deposit Insurance Corporation (“CDIC”). MCAN also participates in the Canada Mortgage Bonds program, and other securitizations of READ MORE
CIBC’s New Mortgage App Raises Stakes – Part I
– canadianmortgagetrends.com
There’s a digital revolution underway in mortgages, and more people realize it every day. But some believe that stodgy old banks are behind the Internet curve. They claim that big banks are slow to adapt, that they steer more like a supertanker than a speedboat and that banks would rather shelter their precious branch networks from the margin threat of online channels. Well, times are changing, my friends. When CIBC launched its mortgage app two weeks ago, it put the mortgage industry on notice that technological competition is en route, and it’s coming hard and fast. Named “Hello Home,” CIBC’s new app is something you might expect from a READ MORE
Should you look at 10 year fixed rate mortgages?
– canadamortgagenews.ca
Today, right now, we are experiencing all-time record low fixed mortgage rates. Great news if you need a mortgage. And some of you may be thinking of locking into a longer term mortgage. Let’s take a look at that option. Going longer could be an option for some. The Best 5 yr fixed is […]
