It’s Financial Literacy Month Nov 10th

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

Ottawa to allow 30-year amortization for first-time buyers’ mortgages on new homes + MORE Apr 12th

Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain home buyers, but say expanding the policy to all Canadians would help make home ownership more affordable. Speaking in Toronto on Thursday, Finance Minister Chrystia Freeland announced.... More »

Why three big banks raised fixed mortgage rates despite falling bond yields + MORE Dec 3rd

Despite low bond yields, banks and other lenders are continuing to raise rates. We talked to several rate experts to understand why..... More »

Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud Apr 15th

The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency..... More »

Why are fertility treatments so expensive in Canada? + MORE May 15th

Being unable to have a child naturally can be extremely difficult. But when you factor in the high costs of fertility treatments, the range of individual circumstances and the fact that the industry itself is secretive about fees, it can make the whole ordeal even more devastating and hard to plan f.... More »

The latest in mortgage news: OSFI has no plans to loosen the stress test Sep 17th

Despite today's mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada's banking regulator said no changes to the stress test are imminent..... More »

It’s Financial Literacy Month

– canadamortgagenews.ca

We’re celebrating Financial Literacy Month!

Join Senior Economist, Ted Tsiakopoulos and Mortgage Broker, Steve Garganis Thursday, Nov 12, 2020, at 1:00 PM Eastern Time for a chat about budgets, savings, debt, and more.

Hot Topics:

Interest Rates, Savings, Debt and Budgeting trendsGood debt vs bad debt: How debt affects the economy, housing prices and financial stabilityBankruptcy vs Consumer Proposal.Bank of Canada interest rate policy now till 2023 – Risks??Why the second line of defence (macroprudential policies) is necessary despite the recent rise in savingsWhere does the problem lie? Disaggregating debt to asset ratio by age and incomeTrends in financial literacyDisruptions coming post-COVID & importance of financial literacy & skills

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