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
Mindful Spending and Saving Through COVID-19 Apr 10th
People are finding new ways to run errands and complete daily tasks while the COVID-19 emergency orders are in place. Although these are challenging times, quite a few services can be ordered straight to your doorstep. Shopping is still at our fingertips and seemingly more accessible than ever.
For.... More »
How much credit card debt does the average Canadian have? + MORE Jan 18th
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
Managing debt to build wealth + MORE Aug 23rd
It’s an eyebrow-raising trend: non-mortgage delinquencies have reached levels not seen since 2009, according to a report by Equifax, one of the three largest consumer credit reporting agencies. Specifically, 1.4 million people in Canada have recently missed a credit payment.
But it’s no.... More »
Six Months was What it Took to Absorb Latest Mortgage Changes! Aug 19th
Ever since the US 2008 sub-prime mortgage crisis, we’ve seen a never-ending string of change. Mortgage lending rules have become tougher and tighter. Underwriting is stricter and more thorough. (As usual, the government has not missed an opportunity to stick their nose into your business by m.... More »
Mortgage borrowing slides to lowest since 2014 + MORE Jun 14th
Canadian mortgage borrowing over the first three months of 2018 fell by $2 billion to $13.7 billion — the lowest level since 2014 — following the introduction of new lending rules and a rise in interest rates..... More »
Mortgage Awards of Excellence Marketing Campaign of the Year Finalist!
– canadamortgagenews.ca
I’m honoured to be named a finalist for Marketing Campaign of the Year at the inaugural Mortgage Awards of Excellence 2018 for this news site!
Thank you to my amazing clients and loyal readers!
Winners will be announced live during the awards on May 3, 2018. Regardless of the outcome, I’m thrilled to be named a finalist for something I truly enjoy doing
This site continues to evolve because you want to learn more about the mortgage industry, and you have trusted me to offer facts and my true opinions since I started this site in 2009.
I enjoy helping educate Canadians on the value of using a mortgage broker when making among the largest purchases of your lifetime – buying real estate!
I’m often asked why I started this site. It’s simple: I was tired of reading misinformation and twisted truths about mortgage brokering in Canada.
Back in 2009 when I created the site, there were some new blogs reporting on mortgage trends and offering ‘expert’ advice. (I use the term ‘expert’ loosely…
Toronto police allege four men involved in ‘sophisticated’ mortgage fraud
– canadianbusiness.com
TORONTO _ A guilty plea from a lawyer who had fled the country gave investigators the information they needed to lay charges against four men in a $17 million alleged mortgage fraud involving high-end Toronto properties, police said Tuesday.
The men, who are all from the Toronto area and between the ages of 45 and 53, face charges including fraud, conspiracy, forgery and money laundering, police said.
Police allege the men took part in a “sophisticated and complex” scheme involving “several high-end properties.”
Lawyer Golnaz Vakili’s flight from Canada in March 2013 was the reason it took five years to bring charges against the men, said Det. Alan Fazeli.
“She was the lawyer that was registering a lot of these things,” Fazeli said. “She was a missing piece.”
Vakili has since pleaded guilty to charges related to facilitating the frauds, he said.
Fazeli said numerous different methods were used in the alleged frauds, many of which involved properties in Toronto’s upscale Bridle Path area…
The men, who are all from the Toronto area and between the ages of 45 and 53, face charges including fraud, conspiracy, forgery and money laundering, police said.
Police allege the men took part in a “sophisticated and complex” scheme involving “several high-end properties.”
Lawyer Golnaz Vakili’s flight from Canada in March 2013 was the reason it took five years to bring charges against the men, said Det. Alan Fazeli.
“She was the lawyer that was registering a lot of these things,” Fazeli said. “She was a missing piece.”
Vakili has since pleaded guilty to charges related to facilitating the frauds, he said.
Fazeli said numerous different methods were used in the alleged frauds, many of which involved properties in Toronto’s upscale Bridle Path area…
Broker Lender Market Share – Q4 2017
– canadianmortgagetrends.com
Banks continued to eat up market share in the fourth quarter, growing their portion of the broker pie by 5.4 percentage points vs. Q4 2016. For the full year, banks seized a whopping 750 basis points of share, mainly from mortgage finance companies. Virtually no broker in Canada will be surprised by that. Among other […]
