Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Fixed mortgages are falling. Experts explain why and weigh in on fixed vs. variable Jun 11th
Both existing homeowners and new homebuyers are benefiting from a drop in interest rates see over the past week..... More »
Mortgage growth outpaced housing gains in late 2025 + MORE Apr 15th
Home values declined while borrowing increased, leaving financial markets to drive overall wealth growth..... More »
How much income do I need to qualify for a mortgage in Canada? + MORE Jun 20th
The Bank of Canada made a long-awaited rate cut on June 5, but the effects of lower mortgage rates have yet to trickle down into housing market data. That was evident in May, as real estate affordability continued to worsen for would-be home buyers.
The latest monthly affordability report from Ra.... More »
Housing and interest rate forecasts for 2025 Dec 30th
As we reflect on 2024, it was a year of resilience and adjustment for Canada’s housing and mortgage market, marked by the Bank of Canada’s pivot to rate cuts after two years of relentless hikes, offering long-awaited relief to borrowers..... More »
New mortgage rules take effect today; more may be coming on Monday, economist says + MORE Dec 15th
Two sweeping mortgage reforms take effect today, December 15, targeting housing affordability and easing financial pressures—changes that may be followed by more announcements this week..... More »
Best Practices to Verify Your Clients’ Down Payments
– canadianmortgagetrends.com
Proving the source of your clients’ down payments can sometimes be the most time-consuming part of arranging a mortgage. Even when handled well, the process may sour the buyer experience. Your client will need to provide a comprehensive history of all the money earmarked for their down payment and closing costs, including detailed explanations of some of the transactions in every source account. You have to make the best of it. Let’s explore ways we can make the process smoother […]
