Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Big Six impaired loans nearly triple, but remain manageable: Morningstar DBRS Sep 6th
Impaired loans have climbed to $37.5 billion as consumer and commercial credit pressures grow, although mortgage delinquencies remain relatively low..... More »
Mortgage payments can now earn Aeroplan points, at a cost + MORE Aug 10th
Chexy’s new mortgage rewards program offers one Aeroplan point per dollar paid, but borrowers must consistently redeem those points above the program’s 1.75% fee to come out ahead..... More »
Home sales drop with ‘fresh round of economic headwinds’ ahead: CREA + MORE Sep 15th
The Canadian Real Estate Association (CREA) says home sales in August were down compared with a year ago as a fresh round of economic challenges threatens to dampen housing market momentum for the remainder of the year.
The organization said home sales last month totalled 37,504, down 6.9% from A.... More »
Ontario, B.C. mortgage stress rises as joint borrowing grows: Equifax + MORE Sep 21st
Mortgage delinquencies remain relatively contained nationally, but Ontario and B.C. continue to show more pronounced stress as first-time buyers increasingly rely on joint mortgages..... 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 »
CMHC multi-unit insurance jumps 30% as securitization volumes rise
– canadianmortgagetrends.com
Canada Mortgage and Housing Corporation insured 71,733 multi-unit residential units in Q1, far outpacing traditional homeowner insurance as its securitization activity also climbed.Scotiabank to buy small Dallas bank in mortgage-finance play
– canadianmortgagetrends.com
Scotiabank agreed to acquire Maple Financial Holdings Inc., which owns a small U.S. commercial bank, as the Canadian firm looks to expand its structured-finance business in the American mortgage industry. Housing starts held back by regulatory conditions, structural factors: CMHC
– canadianmortgagetrends.com
A new report by the Canada Mortgage and Housing Corp. says regulatory conditions, along with economic and demographic structural factors, have slowed the pace of housing starts and pushed home prices higher.Fixed mortgage rates head higher, with one silver lining for some borrowers
– canadianmortgagetrends.com
A recent spike in bond yields has lifted fixed-rate offers, but homeowners breaking a mortgage could see lower penalties, depending on their lender.Laurentian’s mortgage book shrinks as bank advances sale transactions
– canadianmortgagetrends.com
Laurentian Bank reported a second-quarter loss tied to restructuring and transaction costs, while its residential mortgage portfolio continued to decline as the bank prepares to exit retail and SME banking.
