Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Canadian bond yields rebound sharply, sending some mortgage rates higher + MORE Jul 2nd
After being on a downward path for the past two months, Canadian bond yields have reversed course and are once again on the rise..... More »
Scotiabank to buy small Dallas bank in mortgage-finance play + MORE May 30th
Scotiabank agreed to acquire Maple Financial Holdings Inc., which owns a small U.S. commercial bank, as the Canadian firm looks to expand its structured-finance business in the American mortgage industry. .... More »
Chartered Banks Saw a Surge in Uninsured Mortgage Origination in Q3: CMHC Jan 28th
Chartered banks saw mortgage originations grow by 11% in the third quarter, a growing percentage of which were uninsured mortgages. Comparatively, non-bank lenders, including mortgage finance companies, trusts and insurance companies, saw mortgage activity rise 4%, according to the Canada Mortgage a.... More »
Mortgage payments: Understanding timing and avoiding confusion + MORE Jun 26th
Mortgage payments can sometimes be a tricky topic for some homeowners, leading to confusion about when payments are due and what time period they cover..... More »
Inflation holds steady at 1.7% in May Jun 26th
May inflation figures showed marginal improvements in some of the Bank of Canada’s closely watched price figures—a step in the right direction, some economists say, but likely not enough to convince the central bank to cut interest rates.
The annual pace of inflation held steady at 1.7% in Ma.... More »
Ontario Housing Market: Increased Opportunity for Investors!
– canadamortgagenews.ca
Rental vacancies are ridiculously low and demand for rental units is high… and growing!
That’s just a sampling of the opportunistic real estate investment news Ted Tsiakopoulos, CMHC’s Regional Economist for Ontario, shared recently at the Canadian Mortgage Brokers’ Association (CMBA) of Ontario annual conference.
Here are other main takeaways:
Strong 2017 economy helped ease imbalances
Sales and new home starts expected to slow
Prices to grow moderately
Eastern & Western Ontario will outperform Southern Ontario
Mortgage delinquencies remain at record lows – much lower than credit card or car loan debt
There was so much data that I can’t cover it all here. Thanks to Ted for providing this extensive info!
Can you say, Opportunity?
Increased investor demand is presenting an opportune time to examine rental property options. Look, buying a rental property has always been considered a sound investment, provided you go into it with the right expectations and a solid game plan…
Darryl Sittler made his fortune in Real Estate… not Hockey!
– canadamortgagenews.ca
A few years back, I had the privilege of hearing one of my childhood idols – former Toronto Maple Leafs captain, Darryl Sittler – speak at a Real Estate Investment Network (REIN) meeting.
In case you haven’t heard of REIN, let me share some details about this group of real estate investors that gets together to network and share valuable information affecting real estate in Canada. The leader of the group is Don Campbell. His approach to buying investment properties has proven to be very sound and profitable. In fact, his “Top 10 Best Cities to Invest” lists are legendary!
WHAT’S REIN ALL ABOUT?
I first heard of Don Campbell years ago through an associate Mortgage Broker who needed some help servicing her clients while she was on vacation. Usually, when someone calls with the intent of buying a rental property, there’s a learning curve. Buying a rental property is very different than buying a principal residence. So, I was prepared to coach and guide this client through the usual learning curve process…
