Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Q4 2020 Bank Earnings – The End of Mortgage Deferrals Jan 13th
When 2020 came to an end, so too did the vast majority of mortgage deferral programs offered by the Big 6 banks and other Canadian lenders..... More »
Spotlight On Mortgages: December 6, 2013 + MORE Dec 8th
Rate cuts have been the talk of the town – or rather, the world – as a number of global economies released their latest rate announcements this week.
While such action didn’t actually happen – the Bank of Canada kept its overnight lending rate at one per cent, where it has remai.... More »
2014 Canadian Mortgage Awards + MORE May 11th
Congratulations to the entire lineup of nominees and winners at last night’s CMP Canadian Mortgage Awards. The people and companies named this year were recognized for elevating their crafts beyond....... More »
Mortgage renewal strategies in today’s high interest rate environment + MORE May 10th
The current interest rate climate for mortgage brokers and their clients is dramatically different compared to just a year ago, requiring a whole new strategy when it comes to renewals..... More »
CIBC kicks off bank earnings week with 25% profit rise May 24th
The Canadian Imperial Bank of Commerce's latest quarterly earnings beat market expectations with a double-digit profit bump on strong earnings south of the border and at home, despite slowing domestic mortgage growth..... More »
DUCA Financial Services – 3 year Closed : 3.29% (0.1%)
– ratesupermarket.ca
DUCA Financial Services 3 year Closed mortgage rate was changed on October 30, 2013
Why A Competitive Grocery Market Is Good For Consumers, Bad For Investors
– ratesupermarket.ca
There’s never been a better time to shop the aisles of your local supermarket. Retailers have ramped up deals and lowered prices like never before in this ultra-competitive marketplace. This may be a big win for consumers, but it comes at the expense of the bottom line of grocery retailers. And, as discount grocers struggle with their earnings due to competition, it’s negatively affecting their shareholders.
Grocery Market Competition Heats Up
There’s a good reason Amanda Lang from The Lang & O’Leary Exchange often says you should hug your grocer. Grocers have among the lowest profit margins of any industry. When the market is only growing at less than one per cent and grocery square footage is growing at three to four per cent, something has got to give. Finance Minister Jim Flaherty once described the mortgage market as “a race to the bottom,” but that seems to better describe the grocery industry.
Grocery chains are increasingly competing purely on price, as they try to gain new customers and maintain their market share…
DUCA Financial Services – 5 year Closed : 3.58% (0.1%)
– ratesupermarket.ca
DUCA Financial Services 5 year Closed mortgage rate was changed on October 30, 2013
Bank of Montreal – 5 year Closed : 3.79% (-0.1%)
– ratesupermarket.ca
Bank of Montreal 5 year Closed mortgage rate was changed on October 29, 2013
Key Stats from CAAMP's Fall 2013 Report
– canadianmortgagetrends.com
Amortizations are falling, rate discounts are increasing, people have flocked to fixed rates and volumes are down (following the 2012 mortgage rules). That’s a sampling of the trends highlighted in…
