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Latest News
RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave Mar 4th
As the spring mortgage market approaches, Canada's largest bank says it's getting ready for a busy season of mortgage renewals..... More »
Bank of Canada raises benchmark interest rate to 1.5%, noting trade tensions - CBC.ca + MORE Jul 11th
CBC.caBank of Canada raises benchmark interest rate to 1.5%, noting trade tensionsCBC.caFor the fourth time in a little over a year, the Bank of Canada has raised its benchmark interest rate, a move that will increase the cost of borrowing for Canadians with variable-rate mortgages and lines of cred.... More »
Half of Canadians Would Rather Renovate than Relocate Mar 24th
A recent RateSupermarket.ca survey revealed over half of Canadians would choose to renovate their current home, instead of moving to a new home, if they had a budget of $50,000.
With the current high-interest-rate environment and introduction of stricter mortgage regulations, there has been great f.... More »
As bond yields fall, mortgage providers are cutting fixed mortgage rates + MORE Dec 1st
With bond yields nearly 60 basis points off their highs reached earlier this month, fixed mortgage rates are slowly following and trending downward..... More »
Opinion: When another refinance may be the wrong answer + MORE Jun 20th
As equity shrinks and household debt rises, some homeowners are finding that another mortgage may only delay a deeper financial reckoning..... More »
We Get What We Quietly Accept
– canadianmortgagetrends.com
“Keep calm and carry on” You’ve probably lost count of how many times you’ve heard that stale motivator after last week’s mortgage rule travesty. Brokerage heads are busy reassuring their agents, investors and lender partners that we brokers will persevere and get past this. Well of course we will. But wouldn’t it be nice if broker leaders spent as much time publicly decrying these rules as they did publicly comforting themselves? The truth is, we as an industry just got unapologetically shafted by a handful of anonymous policy-makers—policy-makers who sit insulated from the backlash and consumer repercussions in their cozy government office towers. There is absolutely nothing READ MORE
Mortgage Career: DocAssist
– canadianmortgagetrends.com
Company: DocAssist Position: Underwriter Location: B.C., Alberta and Ontario Apply to: kerry@docassist.ca Underwriter Position: We’re seeking experienced, mortgage underwriters to join our growing and dynamic team in BC, Alberta and Ontario. Remuneration is salary and bonus based. Who we are: DocAssist is Canada’s leading Mortgage Support Services platform. We help Mortgage Professionals grow their business with our proven administration and fulfillment support services. We have a track record of success supporting new and existing brokers. We value partnership, innovation and a commitment to excellence. Who you are: You are an organized and experienced Underwriter or Mortgage Professional looking to take on Underwriting READ MORE
To hell with this home market
– moneysense.ca
(Photo by Lucas Finlay)Aaron Urion considers himself lucky. Very lucky. He has a great job as an associate at a downtown Vancouver architectural firm and, last summer, he married his sweetheart and sailing partner, Heather Thompson, 36. These days, the couple enjoy their evenings looking out over the city, the water in the foreground and mountains in the background. On warm nights, Aaron, 38, waves to his neighbours before getting a glass of sparkling water for his wife (she’s expecting their first child this fall). Their biggest dilemma is whether or not to start the BBQ or go for a quick paddle before dinner.
Despite what you might think, Aaron and Heather didn’t saddle themselves with an infamous Vancouver million-dollar mortgage to get these phenomenal harbour views. Nor do they drive 90 minutes each way to Cultus Lake, a Fraser Valley vacationer hot spot. To get this cottage-in-the-city feel, the couple head to North Vancouver’s Mosquito Creek Marina, where they own a custom-built, two-bedroom float home…
