Interested in learning more about property mortgages in Canada? Look no further!
Latest News
An Updated Look at Insured Mortgage Risk + MORE Dec 17th
We got a new profile of insured mortgage borrowers last Wednesday. It came from Genworth Canada’s Investor Day where the company briefed shareholders on the its current risk profile. The nation’s second-largest default insurer says government changes have made its portfolio “muc.... More »
Canada’s best credit cards for people with bad credit 2021 + MORE Jun 4th
Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. But if you want to improve your credit score, you’ll have to show you can handle credit responsibly—and the only way to do that is (you guessed it) to have a credit card. When used properl.... More »
5 surprises to avoid when switching mortgages before your term ends + MORE Jul 31st
These days, being a home owner with a mortgage can feel like you’ve ordered the chicken dinner before realizing there was a steak special. You orchestrate a last-minute switch before your meal arrives, and it’s only once your overcooked steak is served that you know you’ve made a mistake.
.... More »
Mortgage Career: Mortgage Professionals Canada Aug 5th
Company: Mortgage Professionals Canada Position: Manager, Marketing Location: Toronto, Ontario Apply to: Click here Manager, Marketing About Us Established in 1994, Mortgage Professionals Canada is the national mortgage broker industry association representing the largest and most respected network .... More »
Should You Refinance Your Mortgage? + MORE Feb 18th
A recent study by NerdWallet using mortgage data by Black Knight Financial Services found that Americans are wasting as much as $13 billion per year because they aren’t refinancing their mortgages.
The study, which identified over 5.2 million homeowners who had good credit and at least 20 per cen.... More »
Dominon Lending Centres Main Quebec – 5 year Closed : 3.39% (0.25%)
– ratesupermarket.ca
Dominon Lending Centres Main Quebec 5 year Closed mortgage rate was changed on June 28, 2013
Bank of Nova Scotia – 2 year Closed : 2.89% (0.2%)
– ratesupermarket.ca
Bank of Nova Scotia 2 year Closed mortgage rate was changed on June 27, 2013
Spotlight On Mortgages: June 28, 2013
– ratesupermarket.ca
Genworth Canada Calls For Mortgage Market Stability
“Slow and steady wins the race” seems to be the mantra of the Canadian housing market these days, as the latest set of data points to moderate, though consistent, growth this year and next.
Genworth Canada, a private residential mortgage insurer that provides default mortgage coverage to high ratio buyers, has released their twice-annual Metropolitan Housing Outlook. Their findings state our market will stabilize in 2013 after three years of unsustained growth and correction, though this growth will be modest for at least the next five years.
Supply And Demand Finds New Balance
The report found that while the economy is gathering strength from improved employment levels and recovering domestic industries, housing demand has tapered as a result of last summer’s CMHC mortgage regulation tightening. As fewer home buyers enter the market, supply is beginning to take cues from reduced demand. As we’ve previously reported, the cooldown is notable in very active urban markets, as condo developers put future development plans on hold, and current projects reach completion…
Mortgage Market Share — Top 10 Lenders
– canadianmortgagetrends.com
We haven’t run a lender market share story in a while, so no better time than the present. For share data, we like to call on David McVay of McVay…
