Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Latest in Mortgage News: Mortgage Delinquencies on the Rise + MORE Dec 21st
The debt burden carried by Canadian consumers continued to rise this year, causing more people to fall behind on their debt payments…including their mortgages. The 90-day-plus delinquency rate for mortgages rose to 0.18% in the third quarter. That’s a 6.7% increase compared to a year ear.... More »
Mortgage Career of the Week Oct 15th
Company: Mortgage Teacher Inc. Position Title: Mortgage Agent/Broker Years of experience suggested: Optional Licences or Registrations Required: Completion of the Mortgage Agent or Broker course authorized by FSCO, Financial Services....... More »
Mortgage approvals in hours, not days: TD leaning on AI to regain edge Oct 1st
At its 2025 Investor Day, the bank outlined plans to use AI to cut turnaround times, reshape branches into advice hubs and deliver billions in efficiency savings..... More »
From military service to mortgage success: How Philippe Gauvin found his perfect calling + MORE Jun 24th
When Philippe Gauvin completed his military service in 2019, he wanted to find a career that similarly valued discipline, a strong work ethic, and that provided the opportunity to help people..... More »
Mortgage Career: ICICI Bank Canada + MORE Apr 18th
Company: ICICI Bank Canada Position: Business Development Manager (Vancouver & Lower Mainland, B.C.) Location: Vancouver & Lower Mainland, BC Send resume to: careersca@icicibank.com Business Development Manager (Vancouver & Lower Mainland, B.C.) Relevant Work Experience: 3+ years .... More »
Spotlight On Mortgages: September 13, 2013
– ratesupermarket.ca
Buying a home and starting a family is a milestone long aspired to by young adults – but are today’s young people having to make a hard choice? Data from the new National Household Survey shows that almost half of households under the age of 24 are spending more than they can afford on their shelter costs – and it’s leaving them with little monetary resource for anything else.
The standard for shelter costs (any money put toward mortgage payments, rent, utilities and other fees) is 30 per cent of a household’s total income – a threshold put in place by the CMHC in 1986. While it may not be entirely surprising that the under-24 set is over their heads (lingering post secondary debt and a lagging job market take their toll), the survey found that in total, a quarter of all Canadian households are blowing the limit.
While the majority of overreaching households were renters (40.1 per cent), so are 18.5 per cent of homeowners – especially mortgage holders, who were found to exceed the 30 per cent mark by $688 each month…
Bank of Nova Scotia – 10 year Closed : 4.39% (0.1%)
– ratesupermarket.ca
Bank of Nova Scotia 10 year Closed mortgage rate was changed on September 12, 2013
DUCA Financial Services – 7 year Closed : 4.29% (0.1%)
– ratesupermarket.ca
DUCA Financial Services 7 year Closed mortgage rate was changed on September 12, 2013
Servus Credit Union – 5 year Closed : 5.34% (0.2%)
– ratesupermarket.ca
Servus Credit Union 5 year Closed mortgage rate was changed on September 11, 2013
58% of Canadians have a mortgage.. is that a big number?
– canadamortgagenews.ca
Saw this article in the Montreal Gazette quoting a National Housing Survey. It says 58.9% of Canadian homeowners have a mortgage. Slightly up from the 57.9% of 2006 census. So does this mean mortgage Canadians are taking bigger mortgages? Or are we borrowing for longer periods of time? Probably, yes…. but we are also […]
