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
The strange case of the $748 hydro bill: Mayers + MORE Apr 7th
When an Ottawa mortgage broker’s electricity bill went through the roof, she learned how tough it can be to take on your local utility..... More »
Buying vs. Renting: Homeowners Come Out Ahead, Study Says Oct 2nd
Despite higher home prices and larger mortgages, monthly housing costs are currently lower for homeowners—on average—compared to renters..... More »
How much income do I need to qualify for a mortgage in Canada? + MORE Apr 18th
Buying a home in Canada isn’t for the faint of heart—or light of wallet. Home prices have steadily trended higher over the past decade, coming to a national average of $698,520 in March 2024. That’s a 75% increase compared to January 2014, and it marks a whopping dollar difference of $398,119,.... More »
Should you hold your mortgage inside your RRSP? + MORE Oct 2nd
Q. I currently own a house in Edmonton that is mortgaged, and looking to purchase a property in Vernon, BC, that I will eventually retire to. Until then, I am liking the idea of renting out that property to help support the additional mortgage.
I am wondering if it’s possible to transfer my exis.... More »
Prime rate falls to 6.70%, making variable rate mortgages more attractive + MORE Jul 26th
Variable-rate mortgage holders received positive news on Wednesday as major lenders reduced their prime rate following the Bank of Canada's rate cut earlier in the day..... More »
The Future of 85% LTV Bundles
– canadianmortgagetrends.com
Federally-regulated lenders cannot lend more than 80% of a home’s value without the borrower getting mortgage insurance. But a few banks have developed a way around that. What they do…
Spotlight On Mortgages: October 11, 2013
– ratesupermarket.ca
Home Buyers Are Rebounding… Big Time
Canadian housing demand is bouncing back with vigour from a downturn that “no one noticed” according to the House Price survey released Thursday by Royal Le Page. The report indicates that buyers are recovering en masse from recession conditions as well as affordability and borrowing restrictions imposed over the past few years.
According to Phil Soper, president and chief executive of Royal Le Page, weak sales have been overshadowed in housing headlines by crash fears and overheated prices. “Canada experienced a significant housing market correction over the last four quarters that most in the nation missed entirely,” he stated in a release. “Many regions experienced dramatic slowdowns in the number of homes trading hands, but news of double-digit unit sales declines went largely unnoticed, over-shadowed by a macabre fascination with the prospect of a U.S.-style home price collapse, which of course never transpired.”
Home Prices Are Higher Still
Those overheated price concerns show no sign of cooling; two-storey detached units increased 3…
Gold bugs look elsewhere as metal fades in value
– thestar.com
Pretty precious metal gold is nowhere near its peak of 2011, prompting local jewelers to get into other businesses from laptops to mortgages.
