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
Can a first-time home buyer have a mortgage co-signer? + MORE Sep 17th
If you’re in the market for your first home but need help coming up with the financing, you do have some options, including asking someone to co-sign the mortgage. Involving a third party is probably not what you envisioned for home ownership, but recent interest rate hikes and rising real estate .... More »
Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada May 19th
The Bank of Canada says it it concerned about the ability of households to service their debt, particularly as mortgage holders are facing payment increases of up to 40% at renewal..... More »
House rich: How to access the equity in your home Nov 16th
With the national average home price up a record 18.5% in August 2020 compared to the same time last year, more Canadians than ever have a significant portion of their wealth tied up in their homes.
Who are these “house rich” homeowners? They range widely—from retirees on a fixed income, to ba.... More »
Home construction must double over next decade to restore 2019 affordability: CMHC + MORE Jun 20th
Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand..... More »
60% of Canadian mortgage renewals to face higher rates by 2026: BoC Jan 14th
Despite interest rates having fallen materially in 2024, recent data show that many Canadian homeowners could still face payment shocks when their mortgages renew..... More »
Negotiating mortgage or rent deferrals to keep afloat through the crisis? Aim for the win-win solution
– thestar.com
Here’s how you can be more effective in financial negotiations with lenders during the COVID-19 crisis, even if it means not getting everything you want.Mortgage Lenders Provide COVID-19 Update – Part 1
– canadianmortgagetrends.com
In a recent panel discussion series hosted by Mortgage Professionals Canada, a cross-section of some of the country’s top lenders provided updates on how COVID-19 has impacted their operations and shaped their outlook. The overwhelming message was one of positivity and resilience. Within a matter of days, many lenders smoothly transitioned to having thousands of employees work from home to ensure business continued “as usual” for their clients. Here are some of the key takeaways from two of those panel […]
Approach mortgage deferral with eyes wide open
– thestar.com
A deferral is not forgiveness. You still have to pay the money, with interest. And no, it shouldn’t affect your credit score.
