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Latest News
Life Insurance vs. mortgage insurance: Let’s break it down + MORE Mar 20th
Life insurance can be a necessity for ensuring your loved ones are taken care of after you’re gone. It can help them pay for funeral expenses, the costs of everyday living and much more. But one of life insurance’s main advantages is that it can pay off outstanding debts, including a mortgage. S.... More »
Annual pace of housing construction slips more than expected last month Jun 11th
The annual pace of Canadian housing construction slipped more than expected last month as builders in Ontario broke ground on fewer new homes following changes in the province’s real estate rules.
The Canada Mortgage and Housing Corp. said Thursday the seasonally adjusted annual rate of housin.... More »
Creative Ways to Finance Your New Home Aug 19th
In a tight housing market, it can be tough to come up with the cash you need for a new home. Many Canadians looking for new alternatives are having to get creative. For some folks, it may be as simple as finding friends or family to take the journey with them, or sharing their homes with others.
Co.... More »
Your mortgage interest payments are likely going up. Is there a way to reduce them? Nov 28th
A lump-sum payment would go directly to the principle of your mortgage, meaning you’re immediately paying less interest..... More »
Mortgage rate outlook 2017.. Expect Fixed mortgage rates to go up…Expect Variable rate pricing to drop.
– canadamortgagenews.ca
Fixed mortgage rates have increased by about 0.40% in the last 6 weeks. Today’s 5 year fixed rates are at around 2.89% and will could continue to go up in 2017. There are political and fundamental reasons why rates have gone up. (oh, by the way.. it’s not panic time.. who ever said that […]
2016 – Year in Review
– canadianmortgagetrends.com
Another year is in the history books. Man, that one went quick. Here’s a rundown of the headlines that marked a year of flux in our business (what year isn’t a year of flux, but anyway…). ********** TOP STORIES OF 2016 DoF Announces New Qualification Rules OSFI Announces Crackdown on Underwriting FICOM Unveils Comp Disclosure Plans for B.C. Brokers D+H Monopoly: Officially Over THE YEAR’S TOP DEALS & LENDER MOVES National Bank Shutters Broker Division DLC Buys Invis-Mortgage Intelligence BFG and RMA Join Forces Vancity Divorces Brokers True North Becomes a Lender FCF Capital Buys 60% of DLC Manulife READ MORE
