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
Latest in Mortgage News: House Prices to Moderate This Year, Says CMHC May 13th
Home prices are expected to finally level off from the "unsustainable" increases that have been seen over the past year, says CMHC..... More »
To get corporate taxes down, U.S. might cut back on mortgage interest deduction + MORE Aug 4th
The Trump administration is considering reducing the annual $1 million mortgage deduction cap for U.S. homeowners as a part of its broader tax reform, despite earlier promises to protect the tax advantage, Politico reported on Friday..... More »
Treasury rates mixed at weekly auction with 3-month bills rising to highest in 3 weeks + MORE Aug 12th
WASHINGTON – Interest rates on short-term Treasury bills were mixed in Monday’s auction with rates on six-month bills unchanged while rates on three-month bills rose.
The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.055 per cent, up from 0.040 pe.... More »
Lendesk Offers Documentation Collection Solution Feb 10th
For mortgage brokers looking to automate the tedious process of down payment verification, Lendesk’s release of Level in early December was something of an early Christmas gift. It is touted as the only product on the Canadian market that automates the collection of client bank statements on t.... More »
Reverse mortgages are booming amid Canada’s turbulent rate environment + MORE Jan 31st
High rates haven't stopped Canadians from tapping their home equity by way of reverse mortgages..... More »
New CMHC Guarantee Cap Could Raise Mortgage Rates
– ratesupermarket.ca
New restrictions were announced today by the Canadian Mortgage and Housing Corporation (CMHC) that could make it harder to qualify for a mortgage – and may also push mortgage rates to new highs.
The crown corporation has introduced a monthly cap on mortgage guarantees at $350 million for each mortgage lender, including all banks and credit unions. The move is the latest effort made by the government to slow the housing market and decrease Canadian household mortgage debt levels.
Prior to these changes, banks had access to an annual guarantee cap of $900 billion. However, a flux of new mortgages in 2013 has prompted the government to take further action to cool the housing market. The first step was implementing a $85-billion budget for 2013 under the National Housing act Mortgage Backed Securities program – but $66 billion of those funds have already been committed, as of the end of July. The new monthly cap has been put in place to counter this higher than expected mortgage volume…
CIBC Mortgages – 4 year Variable Opened : 3.29% (-1.1%)
– ratesupermarket.ca
CIBC Mortgages 4 year Variable Opened mortgage rate was changed on July 26, 2013
ATB Dumps Posted Mortgage Rates
– canadianmortgagetrends.com
Alberta’s largest financial institution, ATB Financial, is departing from the long-standing practice of displaying artificially high “posted” mortgage rates. It’s a big move for the 75-year-old institution. ATB has used…
Mortgage news
– moneysense.ca
The CHMC is limiting guarantees it offers banks and other lenders on mortgage-backed securities which could in turn lead banks to raise interest rates on residential mortgages.
It’s official. Actuaries are now using updated tables that show we’re living roughly two years longer to calculate pension liabilities, says Towers Watson. So what does this mean for savers and investors? As life expectancy increases, employers will need to cover higher numbers of pensioners for longer periods of time, increasing pension liabilities and requiring larger pension contributions which could affect balance sheets fairly quickly. It also means workers with a defined-contribution plan could have to save more or delay retirement.
New time restrictions, fees and baggage requirements….Air Canada’s check-in crackdown needs fixing, writes Peter Nowak for Canadian Business.
It’s official. Actuaries are now using updated tables that show we’re living roughly two years longer to calculate pension liabilities, says Towers Watson. So what does this mean for savers and investors? As life expectancy increases, employers will need to cover higher numbers of pensioners for longer periods of time, increasing pension liabilities and requiring larger pension contributions which could affect balance sheets fairly quickly. It also means workers with a defined-contribution plan could have to save more or delay retirement.
New time restrictions, fees and baggage requirements….Air Canada’s check-in crackdown needs fixing, writes Peter Nowak for Canadian Business.
Couple in 40s, see early retirement ahead
– thestar.com
Monday Makeover looks at a couple close to mortgage-free and 14 years from retiring, thanks to some prudent moves and good fortune.
