Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
TD reports strong mortgage volumes and stabilizing amortizations + MORE Aug 27th
Despite a sharp slowdown in mortgage originations this year, TD reported continued strong volume growth of 4% in the second quarter..... More »
6 ways to pay off your mortgage faster + MORE Feb 16th
While the Bank of Canada has yet to raise their overnight rate—a rate that dictates what happens with variable mortgage interest rates—there are changes within the current Canadian mortgage climate.
In late 2016, TD Canada raised it’s variable rate mortgage—not just for new mortgage bus.... More »
Equifax Launches Income Verification System + MORE Jan 23rd
Lenders across the country are trying to build their own versions of the evolutionary, if not revolutionary, Rocket Mortgage. But there’s one problem. Unlike in the U.S. where income/employment verification services are already available, Canada hasn’t had a good solution. That has now changed. .... More »
Mortgage terms and closing costs leave many homebuyers confused, survey shows Dec 3rd
An Ownright survey of recent Ontario buyers shows that early financial confidence fades at closing, where unclear terms and unexpected costs are still tripping up many purchasers..... More »
Big Bank Mortgage Rates Rising: What it Means for You May 3rd
Four of Canada’s Big Six banks have now raised their posted mortgage rates since last week, sparking concern by homebuyers and existing homeowners about the implications. TD kicked off this round of rate increases last week by raising its various mortgage terms, including an astounding 45-bps .... More »
Servus Credit Union – 1 year Closed : 3.10% (0.1%)
– ratesupermarket.ca
Servus Credit Union 1 year Closed mortgage rate was changed on June 24, 2013
Coast Capital Savings – 5 year Closed : 3.19% (0.05%)
– ratesupermarket.ca
Coast Capital Savings 5 year Closed mortgage rate was changed on June 25, 2013
The Intricacies of Mortgage Pre-Approvals
– canadianmortgagetrends.com
Special to CMT, By Rick Robertson Mortgage Mentor Inc. While doing some research recently, I called a number of Realtors and mortgage borrowers to get their definitions of a “pre-approval.”…
Five-year fixed-mortgage rates on the rise
– canequity.com
Rates for five-year fixed-mortgages are climbing, effectively ending the trend of 3 percent five-year fixed-mortgage rates.
According to Move Smartly, last week five-year fixed-mortgage rates rose and then rose again. The increase is a lender reaction to the Government of Canada's (GoC) bond market. The GoC's five-year bond yields have, in the past seven weeks, increased by 66 basis points.
CBC News said that bank's are seeing their borrower's rates go higher and are therefore increasing lending rates to offset the costs.
The increase in bond yields is due to three key points, according to Move Smartly. First, the willingness to pay for safety of GoC bonds was reduced and the bond yield rose from 1.15 percent to 1.44 percent from May 1, 2013 to June 6, 2013. Second, the Canadian job market spiked with almost 100,000 new jobs in May, causing bonds to surge 19 basis points. Lastly, the U.S. Federal Reserve announced it would begin to taper off its $85 billion per month program to purchase U…
According to Move Smartly, last week five-year fixed-mortgage rates rose and then rose again. The increase is a lender reaction to the Government of Canada's (GoC) bond market. The GoC's five-year bond yields have, in the past seven weeks, increased by 66 basis points.
CBC News said that bank's are seeing their borrower's rates go higher and are therefore increasing lending rates to offset the costs.
The increase in bond yields is due to three key points, according to Move Smartly. First, the willingness to pay for safety of GoC bonds was reduced and the bond yield rose from 1.15 percent to 1.44 percent from May 1, 2013 to June 6, 2013. Second, the Canadian job market spiked with almost 100,000 new jobs in May, causing bonds to surge 19 basis points. Lastly, the U.S. Federal Reserve announced it would begin to taper off its $85 billion per month program to purchase U…
Home Trust Company – 5 year Closed : 3.59% (0.3%)
– ratesupermarket.ca
Home Trust Company 5 year Closed mortgage rate was changed on June 25, 2013
