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
Rising delinquencies test resilience of Canada’s mid-size lenders Oct 28th
Morningstar DBRS says mortgage delinquencies are climbing at Fairstone and Equitable while Laurentian remains resilient..... More »
Equitable Bank Mortgage Renewal + MORE Oct 30th
Do you have an upcoming Equitable Bank Mortgage renewal?
If the answer is yes, we can often help you obtain better rates and terms for your renewal with Equitable Bank than they are offering you on your renewal paperwork. We are a high volume funder with Equitable Bank and are able to work with th.... More »
BoC official warns against playing with mortgage rules to make housing affordable + MORE Nov 9th
The Bank of Canada’s senior deputy governor is warning against adjusting mortgage rules to try to make the prospect of homeownership more affordable..... More »
Beyond home prices: What the new CMHC affordability index reveals about Canada + MORE Apr 24th
Take a look at just about any housing affordability index in the country and you’ll notice something pretty quickly: they almost always focus exclusively on home prices and mortgages. Rental units simply aren’t included.
The Canada Mortgage and Housing Corporation (CMHC) has acknowledged this.... More »
You Lawyer May Be Overcharging You Jun 13th
Picture this: you’re buying a home or refinancing your mortgage. You hire a lawyer to facilitate the transaction. You decide to go with a mortgage that is NOT through one of the big six banks, like hundreds of thousands of Canadians do every year. Suddenly, you get a call from your lawyer. They wa.... More »
Life After 2.99%
– canadianmortgagetrends.com
Falling mortgage rates have been one of the biggest single factors escalating home prices. So as rates reverse higher—assuming it’s a sustained increase—values will feel the pressure of deteriorating affordability….
Robert Pozen: How to Create Another Housing Crisis
– online.wsj.com
Newly proposed federal rules gut the requirement in Dodd-Frank that mortgage lenders retain some risk of loss.
A rare breed: Home buyer balks at a $500,000 mortgage
– theglobeandmail.com
Meet Frank, who’s squeamish about spending that much money in the current Toronto real estate market – even though he and his wife are supposed to be able to afford it
The Canadian Payroll Association today released its annual national employee survey citing a five percentage point decline (47% to 42%) in the number of Canadians who would be in “financial difficulty” if their pay were delayed even a week. The stats are slightly worse in Ontario, although the trend is also in the right direction: instead of more than half of Ontarians (52%) living pay cheque to paycheque, the percentage has fallen to less than half, or 48%.
There is of course a huge gulf between barely being able to make the next month’s rent or mortgage payment, and the seemingly universal goal of early retirement. Clearly, half of Canadians haven’t even got out of the starting gate when it comes to establishing a modicum of financial independence. According to the CPA, 40% of employees in Canada are spending all of or more than their net pay, with Ontario mirroring that rate.
Never mind retirement or what I call “findependence.” The scary aspect illuminated by the CPA is that apparently half the country’s workers don’t even have that staple of financial planning called the emergency cushion: typically financial advisers recommend having an emergency cushion of at least six months worth of expenses…
There is of course a huge gulf between barely being able to make the next month’s rent or mortgage payment, and the seemingly universal goal of early retirement. Clearly, half of Canadians haven’t even got out of the starting gate when it comes to establishing a modicum of financial independence. According to the CPA, 40% of employees in Canada are spending all of or more than their net pay, with Ontario mirroring that rate.
Never mind retirement or what I call “findependence.” The scary aspect illuminated by the CPA is that apparently half the country’s workers don’t even have that staple of financial planning called the emergency cushion: typically financial advisers recommend having an emergency cushion of at least six months worth of expenses…
Mortgage Career of the Week
– canadianmortgagetrends.com
Company: Paradigm Quest Inc. Position Title: Corporate Account Manager Years of Experience Required: 5+ in the mortgage sales industry Licences or Registrations Required: No Location of Position: Toronto, Ontario Applicants…
