Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
70% of Scotiabank’s mortgage originations in Q1 were multi-product deals + MORE Mar 1st
Scotiabank is reporting success in its efforts to grow its deposits and increase profitability by doing more cross-selling to new mortgage clients..... More »
Forget the burbs—should home buyers “fly until they qualify” for a mortgage? Feb 12th
During my time as the resident mortgage expert on CP24’s Hot Property TV show, I started using the phrase “drive until you qualify” to describe the advice given to home buyers struggling to get into hot real estate markets. The idea was that you should expand your search from high-priced urban.... More »
What mortgage professionals can expect at the upcoming MIC trade show Apr 30th
ONMICA is hosting its latest annual MIC Trade Show and Seminar in Toronto on May 8..... More »
Rising delinquencies test resilience of Canada’s mid-size lenders Oct 28th
Morningstar DBRS says mortgage delinquencies are climbing at Fairstone and Equitable while Laurentian remains resilient..... More »
Inflation data and Bank of Canada decision lead busy week for mortgage watchers Mar 16th
Inflation, home sales and two central bank rate decisions could shape expectations for borrowing costs and the spring housing market..... More »
Special Incentives For Frontline Workers
– canadamortgagenews.ca
The last year and a half has been challenging for many of us. But none have been more challenged than the brave frontline workers who put their lives at risk to save others. As a show of gratitude, many businesses have stepped up with discounts, free products, and other incentives. Unsurprisingly, many mortgage lenders have followed suit with promotional rates reserved just for those on the front lines.
Doctors, nurses, firefighters, and many others who made huge sacrifices for their communities are entitled to rates between 1.45% and 1.94%.* Plus, they can get a cashback bonus of $1,000 – a nice addition to these extremely competitive rates.
As the world returns to normal, our frontline workers deserve every act of gratitude that’s offered to them. Free meals at restaurants and promo codes at clothing stores are nice gestures. But these mortgage incentives offer a long term reward that can actually help these deserving people move on with their lives.
One Watch Out
Are you a frontline worker looking for a new mortgage? Definitely consider these promotions – but make sure you’re looking beyond the rate…
