When financial expertise becomes a blind spot + MORE Aug 22nd

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

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TMG launches new platform for independent mortgage brokerages + MORE Aug 25th

TMG Enterprise Partners will provide independent brokerages with shared infrastructure, compliance expertise and operational support while allowing them to retain their ownership, culture and brand..... 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 »

Shift to variable, shorter-term mortgages raises borrowers’ rate exposure: CMHC + MORE Sep 9th

More than 85% of new uninsured mortgages carried either a variable rate or a fixed term of less than five years in the first quarter, increasing borrowers’ exposure to future rate changes..... More »

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 »

Questbank appoints Bekim Merdita as Head of Sales & Marketing to lead next chapter of growth + MORE Aug 31st

The mortgage industry veteran will lead Questbank’s sales and marketing strategy as the bank expands nationally and strengthens its support for mortgage brokers..... More »

When financial expertise becomes a blind spot

– moneysense.ca

For anyone who follows my writing, you probably know that I spend very little time explaining how financial systems work. I am far more interested in the human and psychological side of money—the part that gets messy when real people must make decisions that don’t always fit the framework.

There is no shortage of people explaining the mechanics. There are specialists who can tell you how mortgages are underwritten, how investment portfolios should be structured, and what the technically correct thing to do with your money is. I have extensive experience in financial services myself, but I am not an expert in every corner of a complicated, multifaceted industry, and I don’t pretend to be.

What I am interested in is what happens when all that expertise meets an actual human being.

A few weeks ago, I got a message from someone who had read one of my MoneySense articles about life and financial stages. They agreed with most of what I had written, but there was one thing they wanted to clarify…

Continue Reading On moneysense.ca »

Global bond selloff pushes Canadian fixed mortgage rates higher

– canadianmortgagetrends.com

Surging government debt, inflation risks and geopolitical tensions have driven long-term yields toward multi-year highs, prompting lenders to raise fixed mortgage rates.

Continue Reading On canadianmortgagetrends.com »

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