Mortgage rates under 5%? They’re coming back as lenders slash fixed rates + MORE Dec 7th

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.

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Many mortgage holders have little room for higher payments: MPC + MORE Jun 26th

New consumer research finds recent buyers and newcomers are facing sharper affordability pressure, even as confidence in homeownership remains resilient..... More »

Three big banks cut mortgage rates this week, one drops 5-year fixed to 3.99% + MORE Mar 10th

Following dramatic swings in the bond market—and broader economic uncertainty sparked by President Donald Trump’s tariff threats—three of Canada’s big banks have slashed their fixed mortgage rates this week..... More »

Mortgage rate outlook: Why experts say the next move could be lower + MORE Feb 19th

After a volatile 2025, mortgage rates have steadied, but experts say the next move could be lower, and that has implications for borrowers..... More »

Mortgage payments: Understanding timing and avoiding confusion + MORE Jun 26th

Mortgage payments can sometimes be a tricky topic for some homeowners, leading to confusion about when payments are due and what time period they cover..... More »

Should you get a 30-year mortgage? + MORE Jul 8th

Signing a 30-year mortgage in Canada can be an attractive option for some home buyers in the face of relentless real estate prices and historically high interest rates. Specifically first-time home buyers and those now renewing their mortgages. While prices in Toronto have fallen slightly, with .... More »

Mortgage rates under 5%? They’re coming back as lenders slash fixed rates

– canadianmortgagetrends.com

For the first time since last spring, mortgage shoppers finally have a condition-free sub-5% fixed mortgage rate option.

Continue Reading On canadianmortgagetrends.com »

How to use equity to buy a second home

– moneysense.ca

Whether it’s for a cottage, a vacation home or a rental property, using your home’s equity can be an excellent way to buy that second home you’ve been dreaming of.

“Potential buyers may not have the cash they require to pay for an asset like a second home in part or in full,” says Maxine Crawford, a mortgage broker with Premiere Mortgage Centre in Toronto. “They may have their money tied up in investments that they cannot or do not want to cash in. By using home equity, however, a buyer can leverage an existing asset in order to purchase in part or in full another significant asset, such as a cottage.”

What is home equity?

Home equity is the difference between the current value of your home and the balance on your mortgage. It refers to the portion of your home’s value that you actually own.

You can calculate the equity you have in your home by subtracting what you still owe on your mortgage from the property’s current market value. For example, if your home has an appraised value of $800,000 and you have $300,000 remaining on your mortgage, you have $500,000 in home equity…

Continue Reading On moneysense.ca »

Some mortgage clients could see up to 40% payment increases at renewal, BMO says

– canadianmortgagetrends.com

Like most other financial institutions, BMO said the bulk of its mortgage portfolio will be up for renewal in the coming three years, with the payment increases averaging up to 40%.

Continue Reading On canadianmortgagetrends.com »

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