Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Financial infidelity hurts, but there are ways to get past it + MORE Oct 22nd
The down payment for your home purchase is topped up, and it’s finally the day you and your partner meet with a mortgage adviser. But something isn’t clicking. When the adviser runs a credit check, your joint report comes back in shambles with unexpected outstanding debt. The adviser ca.... 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 »
For many homeowners 55+, the goal is no longer downsizing, but aging in place + MORE Jul 23rd
Here’s how mortgage brokers can support their needs..... More »
How to find room to save in 2026—even with tight budgets Jan 11th
Saving more in 2026 is a common new year’s resolution, but with budgets tight and inflation driving the cost of groceries and everyday necessities higher, it’s easier said than done. Financial planning experts say it takes a careful review of where you’re spending to find ways to s.... More »
The bond risk many investors overlook Jul 5th
When you buy a bond, there’s a chance the borrower might not be able to pay you back, but bonds also carry a different kind of risk. Duration, or interest rate risk, is related to a bond’s sensitivity to changes in interest rates.
When interest rates go up, you won’t be able .... More »
CMLS introduces Aveo Flex 40, Canada’s newest 40-year mortgage
– canadianmortgagetrends.com
After its recent acquisition by Nesto, CMLS Group is signalling to brokers that they’re ready to do business, introducing a new partnership program and a 40-year amortization mortgage product.
The Bank of Canada (BoC) chopped its trend-setting interest rate once again, lowering it by a quarter of a percentage point to an even 3%. This marks the sixth decrease in a row from the central bank, which kicked off its cutting cycle last June; since then, the benchmark rate has dropped by a total of 200 basis points from its peak of 5%, where it had been held since July 2023.
This has considerably eased borrowing costs for Canadians, especially mortgage rate shoppers. However, it’s uncertain how much more interest relief is on the way, as threatened 25% U.S. import tariffs—which could take effect on February 1st—have skewed the rate and economic outlook for Canada.
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Bank of Canada cut will prompt lower variable mortgage rate costs: Ratehub
– canadianmortgagetrends.com
Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada’s latest cut to its key policy rate.
