Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
Why Do I Get Different Credit Scores from Different Websites in Canada? + MORE Dec 6th
Have you received a different credit score from a credit monitoring website than you did when applying for a car loan or mortgage? This isn’t just surprising for you: it’s a likely result. Canadians can use several free credit report sites to monitor their credit; they can also pay for .... More »
2016 – Year in Review + MORE Jan 2nd
Another year is in the history books. Man, that one went quick. Here’s a rundown of the headlines that marked a year of flux in our business (what year isn’t a year of flux, but anyway…). ********** TOP STORIES OF 2016 DoF Announces New Qualification Rules OSFI Announces Crackdown .... More »
Changes to Canada’s Financial Landscape + MORE Jan 16th
From credit cards to your mortgage rate, there may be impending changes for your financial products this year – and the price of oil may be largely to blame. While the effects may be positive for some (cheaper gas and lower home prices are certainly reason to smile), the Bank of Canada warns .... More »
Rich at any age: In your 40s + MORE Jul 4th
People like to complain about aging but one of the upsides—particularly in your 40s—is being able to build wealth. For many, the 40s is a great decade—your paycheques are climbing while debt’s heading in the opposite direction. Finally, you can breathe. Heck, you can even afford an occasiona.... More »
Q3 2017 Bank Earnings – Mortgage Morsels + MORE Sep 16th
Canada’s Big 6 banks wrapped up another earnings season with another $10.69 billion in total net profit. Earnings were fuelled by strong mortgage growth for at least several banks, notably CIBC, which saw its mortgage volume shoot up 13% from last year, and RBC, with mortgage balances up 6%. D.... More »
Spotlight On Mortgages: July 5, 2013
– ratesupermarket.ca
Knowledge Is Power To Canadian Mortgage Shoppers
Canadians want to take a savvier approach to the mortgage process, valuing research resources and advice from mortgage professionals, according to the latest survey released by The Canadian Mortgage and Housing Corporation (CMHC).
The 2013 Mortgage Consumer Survey included the responses from 2,951 consumers who had completed a mortgage transaction within the past 12 months. The findings show consumers are becoming increasingly willing to research additional mortgage options to get a better deal, resulting in a shift in lender loyalty and online shoppers.
The Internet Is a Powerful Mortgage Tool
The lowest mortgage rate continues to be the main motivation for shoppers and they’re heading online to find it; CMHC found that a full 84 per cent of mortgage shoppers searched online for the best interest rates, while 63 per cent also turned to the Internet to learn more about their additional mortgage options. In total, 59 per cent of all mortgage buyers compared their mortgage rates in some manner…
