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
Can Canadians Stand Up to a Tougher Stress Test? Apr 4th
Buying a home in Canada just got a lot more stressful. Recently, the OSFI’s stress test has become substantially more challenging to pass – and hardly anyone noticed. The qualifying rate is now as high as 6.00%. If it wasn’t hard enough to purchase a home in Canada, now it’s even harder..... More »
Should You Borrow Money to Make a Down Payment on a New Home? + MORE Mar 26th
Saving for a mortgage down payment can be a long and tedious process. According to the Canadian Real Estate Association, the average price of a Canadian home was $540,000 in February, a 15.2% increase compared to a year earlier. You would need to save $108,000 just to make a standard 20% down payme.... More »
The best five-year fixed mortgage rates in Canada 2022 + MORE Dec 10th
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Is Canada’s mortgage stress test still relevant? Aug 24th
Earlier this month, the Bank of England scrapped its mortgage affordability stress test. With mortgage rates presumably approaching their peak for this rate-hike cycle, some are wondering if changes to Canada's stress test are overdue.
.... More »
GTA home sales drop 16% in 2018, fewer houses listed: TREB + MORE Jan 5th
The number of homes sold in Toronto and the surrounding area fell in 2018 as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules..... More »
Mortgage Career: PoloLoans Inc.
– canadianmortgagetrends.com
Company: PoloLoans Inc. Positions: Mortgage Agent Years of Experience Required: One Licences/Registrations required? Yes – Mortgage Agent Location: Collingwood, ON Apply to: Email info@brmlending.com or phone 1-877-662-5190 Mortgage Agent Individual will be working in a team environment, mentoring and leading our clients in the area of lines of credit, mortgages and debt financing in order to give our clients the opportunity to achieve important life goals. High quality candidates for this role will have strong, relevant experience and capabilities. They will have demonstrated experience in dealing with complex issues, and the intellect and judgement to develop appropriate solutions. We READ MORE
Five things to watch for in the Canadian business world in the coming week
– canadianbusiness.com
TORONTO – Five things to watch this week in Canadian business:
Bombardier CSeries Takes Flight: Bombardier will celebrate the maiden flight of the CSeries CS300 on Monday. The delivery to airBaltic at Montreal’s Mirabel airport comes nearly half a year after the first CSeries CS100 passenger jet took flight in Europe.
Mortgage Talk: Jeremy Rudin, head of the Office of the Superintendent of Financial Institutions, will speak in Vancouver on Monday before the 2016 Mortgage Professionals Canada National Conference.
Pipeline Politics: The federal government is expected to announce its decisions this week on two major pipeline projects proposed by Enbridge: Line 3 and Northern Gateway. Ottawa has to decide whether to sanction Line 3, which would see a decades-old pipeline replaced. The government also has to rule on whether to proceed with consultations with First Nations on Northern Gateway.
Big Banks: The earnings parade for Canada’s big banks kicks off this week. Up first is Scotiabank, which will report its fourth-quarter results on Tuesday, followed by Royal Bank on Wednesday and CIBC and TD Bank on Thursday…
Bombardier CSeries Takes Flight: Bombardier will celebrate the maiden flight of the CSeries CS300 on Monday. The delivery to airBaltic at Montreal’s Mirabel airport comes nearly half a year after the first CSeries CS100 passenger jet took flight in Europe.
Mortgage Talk: Jeremy Rudin, head of the Office of the Superintendent of Financial Institutions, will speak in Vancouver on Monday before the 2016 Mortgage Professionals Canada National Conference.
Pipeline Politics: The federal government is expected to announce its decisions this week on two major pipeline projects proposed by Enbridge: Line 3 and Northern Gateway. Ottawa has to decide whether to sanction Line 3, which would see a decades-old pipeline replaced. The government also has to rule on whether to proceed with consultations with First Nations on Northern Gateway.
Big Banks: The earnings parade for Canada’s big banks kicks off this week. Up first is Scotiabank, which will report its fourth-quarter results on Tuesday, followed by Royal Bank on Wednesday and CIBC and TD Bank on Thursday…
