Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Housing starts up 3% in January, but trade risks add ‘significant uncertainty’: CMHC Feb 20th
Canada Mortgage and Housing Corp. says the annual pace of housing starts in January rose three per cent compared with December, helped by strength in multi-unit starts in Quebec and B.C..... More »
Why mortgage brokers are embracing ‘digital onboarding’ and not looking back Aug 9th
For much of the mortgage industry’s history, brokers required a mountain of paperwork from prospective clients to ensure they’d actually be approved by a willing lender..... More »
Where to Buy Real Estate in Canada 2026: Greater Toronto Area May 6th
From Blue Jays games at Rogers Centre to weekend hikes in the Rouge Valley, life in the GTA moves at whatever pace you set. Home to more than seven million people, the Toronto region’s high price tags kept many buyers on the sidelines. But as the market recalibrates, a window is opening fo.... More »
Canadians are turning to family—and credit—to stay afloat + MORE Jul 20th
Two new surveys reveal the growing financial strain that Canadians face amid rising costs and stagnant wages.
A report from Mortgage Professionals Canada (MPC) found that 70% of recent home buyers say they couldn’t have purchased their property without financial help. A separate survey by.... More »
What’s the best mortgage for first-time home buyers? + MORE Dec 8th
Q: I’m buying my first home—a starter home—that I plan to live in for the next five to seven years. How do I know which mortgage is right for me? — First-time Buyer, Toronto
Get the mortgage rate that works for you.Find the best rate for you in under 2 minutes at ratehub.ca. Let's ge.... More »
Knowing Your Debts and Planning for Payments Post-Relief Efforts
– ratesupermarket.ca
The COVID-19 pandemic has changed many Canadians’ way of life. Unfortunately, some have lost their jobs or are working on reduced hours and, in turn, have had to rely on government support or their savings to help make ends meet.
According to the federal government’s 2019 Canadian Financial Capability Survey, 64% of Canadians have an emergency fund to cover expenses for three months. However, that means 36% don’t have as much saved. That will make it difficult when the time comes to pay bills over the next few months.
Managing debt
Several financial institutions have allowed customers in need to defer payments on mortgages, credit card balances, and loans for up to six months. On top of this, there are many other payments due in the near future, and you should be planning for when those financial relief measures end.
If you’re a homeowner, your property taxes may already be past due, depending on where you live. In Toronto, for example, the 60-day grace period has already expired…
Latest in Mortgage News: 4 in 10 Buyers Open to Purchasing a Home “Virtually”
– canadianmortgagetrends.com
Social distancing restrictions in place for the past few months have transformed the way homes are bought and sold, with many showings now taking place “virtually.” And many homebuyers—42%, to be exact—are just fine with that, according to a recent survey by the Ontario Real Estate Association (OREA). Four out of 10 Ontario homeowners said they were “open” or “somewhat open” to buying a home while only being able to view it through electronic means. A third (33%) said they […]
