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Latest News
Highclere Capital enters Canada’s mid-market lending space + MORE Feb 23rd
A new player in Canada’s mid-market mortgage lending space is intent on shaking up the industry..... More »
The $90-million lesson: Why relationships, not tech, drive mortgage success + MORE Mar 19th
A lender friend of mine, Shane Lapointe, retired last week and I could not be happier for him. Forty-nine years in the industry, 36 of them in the brokering space. I can only imagine the rule changes and lender switch-ups that he has seen since 1989. .... More »
Home construction must double over next decade to restore 2019 affordability: CMHC + MORE Jun 20th
Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand..... More »
Rise in bond yields could send fixed mortgage rates higher, experts say Jan 21st
A sudden rise in bond yields this week could cause some lenders to reverse recent fixed mortgage rate cuts, experts say..... More »
CMHC reports annual rate of housing starts in June down six per cent from May + MORE Jul 17th
Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell six per cent compared with May..... More »
2024 housing market and interest rate forecasts
– canadianmortgagetrends.com
2023 was a year that tested the resilience of Canadian mortgage holders. And as we look forward, there’s optimism that 2024 will be the year of rate relief.
Ask MoneySenseI have owned a lot of preferred shares for the so-called “fixed income funds.” They have all lost at least a third of their value. They are paying 4% to 5% dividends. Should I sell all of them to take the loss or hang on to make the interest or dividends they pay?
–Mario
To sell or hold preferred share losses
Most stock market investors are familiar with the old adage “Don’t put all your eggs in one basket.” Well, the same goes for fixed income. Canadian investors in certain segments of the market like preferred shares or private mortgages have learned that lesson the hard way, especially most recently.
Preferred shares represent less than 5% of the fixed income market. This might imply that holding much more than 5% of your fixed income portfolio in preferred shares is considered an “overweight” (larger investment allocation for a particular asset type).
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