Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
The Latest in Mortgage News: Time to Rethink the Stress Test Apr 21st
The stress test is back in the crosshairs of industry analysts. Earlier this week, CIBC World Markets Deputy Economist Benjamin Tal released a report that attributed an 8% drop in mortgage originations from 2017 to 2018 directly to the federal government’s stress test rules (B-20), which took .... More »
FSRA CEO Mark White to step down for new position as Chair of Ontario Energy Board Jul 5th
The head of Ontario's mortgage broker regulator, Mark White, has confirmed he will be stepping down from his role as CEO later this month..... More »
Mortgage Career: IMBA – Coordinator, Professional Development and Membership Services + MORE Oct 14th
Company: IMBA Location of Position: Greater Toronto Area Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Salaried Mortgage Agents Position Posting Co-ordinator, Membership and Professional Development Services Employer The Independent Mort.... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks + MORE Aug 11th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
What’s the best mortgage for first-time home buyers? + MORE Dec 8th
Q: I’m buying my first home—a starter home—that I plan to live in for the next five to seven years. How do I know which mortgage is right for me? — First-time Buyer, Toronto
Get the mortgage rate that works for you.Find the best rate for you in under 2 minutes at ratehub.ca. Let's ge.... More »
Lower rate = Lower payment and a Lower balance in 5 years!
– canadamortgagenews.ca
We all know that a lower interest means a lower monthly payment. But did you know that a lower interest rate means you will also owe less when your mortgage comes up for renewal? This has been overlooked by consumers and experts alike. I haven’t seen any articles covering this. And it should […]
Stock pick: Easyhome Ltd. is an attractively valued “cash flow machine”
– canadianbusiness.com
If you’re searching for a stock to add to your RRSP portfolio—the deadline is only a month away—consider Easyhome Ltd. (TSX: EH), a small-cap financial company-based in Mississauga.It’s a little riskier than holding a big bank in your retirement account, but if you don’t mind owning a $205 million market-cap business then there could be some good upside ahead, says Bruce Campbell, president and portfolio manager at Kelowna-based StoneCastle Investment Management.
Easyhome leases furniture, appliances and electronics to Canadians who’d rather pay a monthly fee than an upfront cost. It sells its products directly to consumer, in its 213 stores and online. Campbell says that the company, which used to sell sub-prime mortgages, has really ramped up its business over the last two years. “It’s growing earnings by growing its loan book,” he says.
The stock has climbed by 50% over the last 12 months—partly due to the 41% year-over-year earnings per share growth it saw in Q3 2013—but Campbell thinks it still has room to run…
How higher rates might affect your mortgage
– thestar.com
As the prospect of higher long-term interest rates increases, homeowners should run a couple of rate hike scenarios through a stress test calculator.
