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.
Latest News
How much does life insurance cost in Canada? + MORE Mar 23rd
Life insurance is often touted as the financial safety net we all need, but what if it’s an added expense you’re not sure you can afford? If that’s your thinking, you’re far from alone—a 2019 study showed that most Canadians are underinsured, with 49% having never purchased life insurance.... More »
National Housing Update: How the Real Estate Industry is Faring One Month into 2019 + MORE Feb 16th
Real estate news is typically quiet in January, but there’s been quite a few developments as of late. To quickly recap, Canadian real estate in 2018 ended with four consecutive months of sales declines. Overall, there was a drop of 11 per cent nationwide, with the 2.5 per cent drop from November .... More »
Bank of Canada holds rate, hints at increases to come Dec 6th
OTTAWA — The Bank of Canada stuck with its trend-setting interest rate Wednesday — but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way.
The central bank has now left the rate locked at one per cent for two straight policy announcements after the stren.... More »
Mortgage Professionals Canada promotes broker expertise in newly launched campaign + MORE Oct 17th
Mortgage Professionals Canada (MPC) has unveiled a new national campaign emphasizing the pivotal role mortgage brokers play in guiding Canadians towards their homeownership dreams..... More »
How much income do you need to buy a home in Canada? A look at housing affordability in May 2025 Jun 23rd
After an unseasonably chilly spring housing market, green shoots are appearing in terms of buyer demand—and that could mean days are numbered for easy borrowing conditions.
The latest data from the Canadian Real Estate Association revealed that, after six months of declines, sales firmed up bet.... More »
Breaking up is hard to do: When and why to look for a new financial adviser
– canadianbusiness.com
TORONTO – When Deborah Ison decided to break up with her financial adviser last year, investment performance had nothing do with her decision.
The 45-year-old human resources project manager from Burlington, Ont., was in the midst of a divorce and went to her adviser with pressing questions about her financial obligations. But rather than addressing her concerns, she says, he quizzed her on investment risk tolerance and retirement goals.
It was then and there that Ison decided to make a switch.
“I had walked into this office pretty much a broken person. My entire future had done a 180. I didn’t know how I was going to pay my mortgage or my bills or my debts,” she says.
“The furthest thing from my mind was my retirement. It seemed like an obtuse and insensitive question for him to be asking me.”
Rona Birenbaum, a fee-only financial planner with Toronto-based Caring for Clients, says experiences like Ison’s are often the catalyst for calling it quits with an adviser…
The 45-year-old human resources project manager from Burlington, Ont., was in the midst of a divorce and went to her adviser with pressing questions about her financial obligations. But rather than addressing her concerns, she says, he quizzed her on investment risk tolerance and retirement goals.
It was then and there that Ison decided to make a switch.
“I had walked into this office pretty much a broken person. My entire future had done a 180. I didn’t know how I was going to pay my mortgage or my bills or my debts,” she says.
“The furthest thing from my mind was my retirement. It seemed like an obtuse and insensitive question for him to be asking me.”
Rona Birenbaum, a fee-only financial planner with Toronto-based Caring for Clients, says experiences like Ison’s are often the catalyst for calling it quits with an adviser…
Mortgage brief.. CMHC ‘red warning’.. what’s it mean?
– canadamortgagenews.ca
Much has been made about CMHC’s Economists ‘Red Warning’ that was put out for the 4th quarter of 2016. Let’s take a look at what the report actually says. CMHC’s economists have 3 categories of measurement that are of concern. Overheating, Price acceleration and Overvaluation. VANCOUVER AND TORONTO The Vancouver market had already been identified […]
Mortgage Brief…TD raises it Bank Prime… going rogue .. for now!
– canadamortgagenews.ca
In a Halloween Hangover move, TD announced they will be raising their Bank Prime Mortgage rate to 2.85% from 2.70%. In a circular I received today from TD, they threw us yet another surprise, in a month full of surprises. What’s interesting is that on Oct 19, the Bank of Canada Governor, Stephen Poloz, was […]
Should we contribute the same mortgage payment?
– moneysense.ca
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The post Should we contribute the same mortgage payment? appeared first on MoneySense.
TD Bank raises rate for variable-rate mortgages
– moneysense.ca
TORONTO – TD Bank (TSX:TD) is raising the interest rate it charges customers with variable-rate mortgages.The bank is increasing its TD Mortgage Prime rate to 2.85 per cent from 2.7 per cent, effective Tuesday.
Customers with fixed-rate mortgages are unaffected by the change.
TD’s prime rate for other products with a variable interest rate, such as lines of credit, are not affected as that rate remains at 2.7 per cent.
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Borrowers with variable-rate mortgages often negotiate a discount to the prime rate, but the rate they pay still goes up and down as the prime rate changes.
The increase means borrowers with variable-rate mortgages at TD will see a larger portion of their mortgage payment go toward paying interest instead of repaying principal if their payment remains the same…
