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
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 »
Nearly 60% of new CMHC-insured mortgage volume has longer amortizations Sep 3rd
Mortgages amortized over more than 25 years accounted for 58.6% of new insured homeowner volume in Q2, down slightly from Q1 but well above year-ago levels..... 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 »
Rent or buy: When does homeownership actually make financial sense? + MORE Sep 18th
Should you rent or buy? Buying your own home is often viewed as a major financial milestone. But the financial case for owning a home isn’t as simple as “mortgage payment versus rent.”
Homeownership can build equity and provide long-term housing stability, but elevated home prices a.... More »
Mortgage files are getting harder. That may be good news for brokers
– canadianmortgagetrends.com
Non-traditional income, declining property values and tighter lender scrutiny are complicating mortgage applications, but they may also strengthen the broker channel’s value proposition.U.S. new-home sales decline to lowest level since January
– canadianmortgagetrends.com
U.S. new-home sales declined in July to a six-month low, indicating higher mortgage rates are curbing demand even as builders trim prices and offer incentives.TMG launches new platform for independent mortgage brokerages
– canadianmortgagetrends.com
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.
