Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Is it time to search for bond alternatives for your balanced portfolio? + MORE Oct 20th
I was recently warned by someone in the financial sector that it’s not a great time to invest in bond ETFs. My current asset allocation is 60% equities and 40% bonds, so I’m wondering what alternatives would you suggest for that 40% portion of my balanced portfolio?
At first I considered real.... More »
Most Canadian Homeowners Unprepared for Financial Shocks + MORE May 27th
It’s common knowledge—or at least it should be by now—that Canadians are carrying worrying levels of debt. The latest reminder of how fragile the situation is comes from Manulife Bank’s Homeowner Debt Survey, which found that 72 per cent of mortgage holders wouldn’t be able to manage a 10%.... More »
What the Bank of Canada Rate Increase to 1.5% Means for Canadian Home Owners and Home Buyers + MORE Jul 17th
From personal loans to mortgages, simply put, it’s now more expensive and more difficult for Canadians to borrow money.
At the beginning of 2018, new mortgage rules raised the bar for qualification. Under federal law, all financial institutions are now required to put any new applicants under a.... More »
The best credit cards for newcomers to Canada for 2024 + MORE Jan 3rd
Credit Cards
The best credit cards for newcomers to Canada for 2024
As a newcomer, you’ll want a credit card that offers you the best value without having a long Canadian credit history. Here’s a list of our favourite cash back, rewards, low-interest cards and more.
.... More »
First National’s Q3 earnings “exceed expectations” on strong mortgage originations + MORE Nov 4th
Against a challenging economic backdrop, First National managed to outperform in the third quarter thanks in part to continued strong mortgage originations..... More »
Mortgage Career: Equitable Bank
– canadianmortgagetrends.com
Company: Equitable Bank Position: Residential Prime Mortgage Underwriter Location: Toronto, ON Apply to: Click here Residential Prime Mortgage Underwriter Department: Single Family Residential Mortgage Department Reports To: Manager, Residential Prime Mortgage Underwriting ________________________________________________________________ Job Summary: The Residential Prime Mortgage Underwriter is responsible for assessing all new mortgage applications and increases to existing mortgages in a timely and prudent manner within established guidelines. This must be done as efficiently as possible while exercising sound lending judgment and without compromising service and profitability. Main Activities: On a daily basis incumbents must promptly review received applications, verify the supporting documentation to ensure READ MORE
Vancity Divorces Brokers
– canadianmortgagetrends.com
The nation’s biggest credit union, Vancity, is pulling out of the mortgage broker channel. The Vancouver-based company sent an email to notify brokers this morning. It has been in the mortgage broker channel since 1991, when it acquired Citizens Trust Company. The channel was administered through Vancity’s subsidiary, Citizens Bank, until 2007 when it was transferred directly to Vancity. When asked why it was leaving, John Derose, Vancity’s Director of Mobile Sales, explained: As a member-owned financial co-operative we place a high priority on building strong relationships with our members. The business we generate through our mortgage broker channel often does READ MORE
Robo Mortgages
– canadianmortgagetrends.com
“…Robots are racing to replace mortgage brokers.” Like it or not, we’re going to see more and more headlines like this. This particular story comes from the UK, where British entrepreneurs have a head start on automating mortgage services. On this side of the Atlantic, brokers seem largely unconvinced about robo-lenders eating their lunch. This recent ilovemortgagebrokering.com podcast is one example. “Am I concerned that I’m going to be disrupted out of a job by an app? I am not,” said co-host Dustan Woodhouse, arguing that a human touch is needed because mortgage clients have unique requirements and large sums of money at READ MORE
