Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
The Latest in Mortgage News: CMHC sees chance of a recession if BoC policy rate hits 3.5% + MORE Jul 13th
As the Bank of Canada continues to hike interest rates, the country's housing agency sees the chance of a recession growing the higher rates go..... More »
Mortgage Digest: Easing homeownership costs may be short-lived, RBC says Oct 10th
Inside: mortgage arrears inch higher, Manulife teams up with M3, Haventree joins CMHC securitization programs and more career updates..... More »
Latest in mortgage news: consumer insolvencies at highest level since 2019 May 25th
Consumer insolvencies in Canada have risen to their highest level in three years..... More »
Are interest payments tax deductible? Aug 12th
Taxpayers may be eligible to claim a tax deduction for interest paid on a loan or mortgage. According to Canada Revenue Agency (CRA), “most interest you pay on money you borrow for investment purposes [can be deducted] but generally only if you use it to try to earn investment income.”
One commo.... More »
The Latest in Mortgage News: CMHC to Review Investment Property Down Payments + MORE Jan 13th
It's no secret that the federal government is eyeing reforms to investment properties in an effort to help reel in runaway house prices..... More »
Latest in Mortgage News – Industry Announcements
– canadianmortgagetrends.com
There’s been a number of big mortgage industry announcements in recent weeks, ranging from reverse mortgage offerings to a new broker tech partnership and a key appointment at one of the country’s top brokerages. Here’s a look at each… Equitable Raises Allowable Equity Takeout Limit to 55% For the 9 out of 10 Canadians who want to live independently in their homes as long as they can in their Golden Years, a recent announcement from Equitable Bank could make that […]
