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
Birch Hill and Brookfield to acquire First National in $2.9B deal + MORE Jul 29th
Founders Smith and Tawse to retain minority stakes as mortgage lender enters new chapter.... More »
How to Improve Your Credit Score – Student Edition + MORE Sep 15th
The new school year is in full swing and if you’re a university or college student, then you’ve probably already settled comfortably into your new routine and dorm room. As you buy books, begin assignments and make new friends, the last thing you’re likely thinking about is your credit.
But.... More »
The Latest in Mortgage News: Mortgage Debt Soars as Credit Card Debt Falls to 6-Year Low Jul 19th
Canada's hot housing market was behind a 41.2% annual increase in new mortgages as of the first quarter, Equifax Canada reported..... More »
How Does the Home Capital Crisis Affect Me? + MORE May 12th
As of late, Home Capital Group is dominating the headlines. To quickly summarize, on April 19, the Ontario Securities Commission (OSC) claimed that brokers had falsified information on mortgage applications submitted to Home Trust. As a result, shares in the company dropped while customers withdrew.... More »
New joint venture creates one of Canada’s largest independent mortgage platforms Feb 4th
The newly formed OIM Group brings together two growing brokerages to create a national, multi-brand platform spanning underwriting, technology and alternative lending..... More »
Broker Lender Market Share – Q3 2016
– canadianmortgagetrends.com
Mortgage volumes in the broker channel surged in the third quarter, up 9.6% year-over-year. That’s according to data from D+H. This data precedes the government’s transformative mortgage rule changes which kicked in on October 17 and November 30. The top 10 broker channel lenders accounted for 84.8% of broker volume, the most in seven quarters. That’s a trend that could strengthen in 2017 as the Department of Finance’s new rules injure small lenders. Here’s a look at the reported market share for all top-10 lenders in the broker business, as of last quarter… Rank Lender Market Share* 12 Mo Change 1 Scotiabank 20.0% +220 bps 2 First National 12.4% -300 READ MORE
