Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Metro Vancouver home sales jump 32% in October amid lower mortgage rates + MORE Nov 6th
Higher inventory provides more options for buyers as demand picks up, fuelled by recent Bank of Canada rate cuts..... More »
How to keep your home after separation—even if you don’t qualify alone + MORE Apr 18th
Separation and divorce are hard enough without throwing mortgage stress into the mix. One of the most emotional questions we hear is, 'I want to keep the house, but I don’t make enough on my own to qualify—what can I do?'.... More »
I lost my home in a fire. Can I tap my LIRA to cover costs? + MORE Nov 18th
Q: My house was burnt in the Fort McMurray fire. I am now unemployed and my husband and I are struggling to make the mortgage payments on top of our rent payment. Our savings are now drained as well as money received from insurance—the town house was part of a condo and is being rebuilt.
We have.... More »
BoC Drops Key Rate 0.50%-Pts. Will Prime Rate Follow? + MORE Mar 5th
The coronavirus contagion left the Bank of Canada little option today. It cut Canada’s key interest rate amid fears of a deepening economic downturn. It was the bank’s first rate cut in nearly five years and likely won’t be its last this year.
The move brings Canada’s overnight target rate .... More »
Canadian household debt hits $1.8T as report warns of domestic risk + MORE Mar 13th
TORONTO _ Canadians’ collective household debt has climbed to $1.8 trillion as an international financial group sounds an early warning that the country’s banking system is at risk from rising debt levels.
Equifax Canada said in a new report Monday Canadian consumers now owe $1.821 trill.... More »
This millennial wants to get his MBA, but can he afford it?
– theglobeandmail.com
Paul, 29, faces several competing goals, such as pursuing another degree, paying down a mortgage – and saving for retirement
Mortgage Brief…BC’s 15% Foreign property tax coming to Toronto?
– canadamortgagenews.ca
And it begins in Vancouver… the long-awaited, little debated foreign property tax is about to begin. Foreigners wanting to buy in Vancouver will need to add 15% to the purchase price.. Put another way, this adds $150,000 to the purchase price of a $1,000,000 property. The new tax begins August 2nd. The provincial BC […]
Mortgage Brief… Homebuyer of the future.
– canadamortgagenews.ca
This is the homebuyer of the future… This past June, Mortgage Professionals Canada published their survey results on the Next Generation of Homebuyers. Take note: Adults under the age of 40 who don’t currently own a home but expect to own in the future, if you are planning on buying, or help a child get […]
Top Performers: Christine Xu
– canadianmortgagetrends.com
By Vanessa Chris, Special to CMT Some brokers have crowded trophy cases. Christine Xu is one of them. Xu has appeared on the CMP Top 75 four times, landed on the CMP Hot List twice, been recognized as one of Canada’s top 10 commercial brokers, received the Chinese Business Excellence Award and was named a Woman of Influence in Canada’s mortgage industry. But none of these accolades mean as much to her as the statue she took home in May 2015 for CMA’s Mortgage Broker of the Year—Alternative Lending. “The Alternative Mortgage Broker of the Year Award is the one I’m most proud READ MORE
