Home / Mortgages / Mortgage rule changes are cooling housing market: Morneau + MORE Aug 23rd

Mortgage rule changes are cooling housing market: Morneau + MORE Aug 23rd

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.
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Desjardins sees mortgage growth drive stronger first-quarter earnings + MORE May 15th

Residential mortgages now account for nearly two-thirds of Desjardins’ loan book, while impaired mortgage loans remained relatively stable despite ongoing economic uncertainty..... More »
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Tapping into Lower Interest Rates: Does Renewing Your Mortgage Early Save You Money? Jul 22nd

Late last year, many had forecasted that the Bank of Canada might cut interest rates in 2020. However, no one could have foreseen just how low-interest rates were about to plummet in the coming months. Canada’s COVID-19 lockdown led to a sharp rise in unemployment, causing the Bank of Canada to s.... More »
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Why Everyone Should Choose The Longest Amortization Possible + MORE Oct 16th

One of the most common requests I get when discussing mortgage options with my clients is that they want the shortest amortization they can afford. They want to pay their mortgage off as soon as possible.  I get it! And then I hit them with an unexpected recommendation. I tell them to take the .... More »

Good habits that can help you improve your credit score + MORE Jan 1st

You probably know you should care about your credit score, but do you know why? Simply put, this three-digit number can either help or hurt you in your journey towards financial wellbeing—and it can have far-reaching effects. Your credit score affects your chances of getting approved for a cre.... More »

Weekly mortgage digest: Canadians are pulling back on borrowing Sep 16th

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases..... More »
An Ontario court has approved the settlement of a $29.5 million class-action lawsuit by investors against alternative mortgage lender Home Capital Group Inc.

Continue Reading On cbc.ca »

Despite a report urging Ottawa to look at ways of boosting support for first time buyers, the Finance Minister ruled out any new measures along those lines

Continue Reading On theglobeandmail.com »

Building a TFSA doesn’t have to be complicated

Rick
AGE: 31
PLACE: Toronto
TFSA TOTAL: $23,000
STRATEGY: A couch potato portfolio (minus the fixed income allocation)

Me and my TFSA
Rick is a 31-year-old police officer in Toronto. He has spent the last two years getting his financial house in order by paying off $50,000 in debt (mostly student debt and a car loan). “I’m just left with a mortgage payment now,” says Rick. “So I have some money to contribute to a TFSA. I’m up to $23,000 which is great.”
In fact, Rick only contributed to his TFSA for the first time 18 months ago. “I have a pension at work so RRSPs don’t make sense for me,” says Rick. And for now, he’s making contributions ad hoc throughout the year whenever he has the money. “My wife and I just had a baby so that means RESP contributions will be starting soon,” says Rick, although his TFSA will still be a priority.
More of  Me and my TFSA »
Rick’s TFSA portfolio is aggressive with 100% of his money in equity index funds from TD. His allocation is fixed at 40% U…

Continue Reading On moneysense.ca »

Canadians owe more than ever before on their mortgages, but fewer borrowers are falling behind on their payments.

Continue Reading On cbc.ca »

Banks.ca constantly finds the best and most current mortgage information available in Canada.

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