Interested in learning more about property mortgages in Canada? Look no further!
Latest News
What Happened to Canadian Real Estate This Year and What to Expect in 2019 + MORE Dec 24th
Whereas 2017 was the all-encompassing epitome of red-hot real estate markets across the country, 2018 started off on a quieter note. The year kicked off with a decline in sales, as changes to the Residential Mortgage Underwriting Practices and Procedures (referred to as B20) introduced by the Offic.... More »
Variable-rate mortgages regain popularity as Morningstar flags rising risks + MORE Feb 1st
Morningstar DBRS says mortgage portfolios should hold up in 2026 despite a soft housing market, while warning that rising variable-rate use and Alt-A exposure are key areas to watch..... More »
Insurance Premiums May Rise in 2019 Aug 16th
OSFI is tightening mortgage lending again. But this time, it’ll be less impactful for consumers. The banking regulator issued its final Mortgage Insurer Capital Adequacy Test (MICAT) guideline last week. MICAT is the “framework for assessing the capital adequacy of mortgage insurance companies,â.... More »
RBC warns of rising mortgage losses through 2025 with upcoming renewals + MORE Sep 4th
BoC rate cuts will ease pressure, but mortgage renewal shocks still loom, RBC says.... More »
My mortgage payments are approaching my trigger rate. How will this affect my mortgage and what should I do? Nov 7th
Experts say the key is to be proactive and prepare your finances well before your entire mortgage payment is going towards paying just the interest..... More »
One Mortgage Association, or 6
– canadianmortgagetrends.com
There is no lack of threats facing the mortgage broker world: disintermediation, mortgage commoditization, shrinking compensation, the potential of banks leaving the channel, lack of awareness of brokers’ value proposition,…
2.99% Mortgage Rates Are Back!
– ratesupermarket.ca
Good things come to those who wait – and those timing the mortgage market are in for savings, as fixed mortgage rates plummet below the three per cent barrier once again.
Lenders have cut 5-year fixed mortgage rates to 2.99 per cent, not offered in Canada since August of last year. The rate, which will initially be available in Ontario, Alberta and British Columbia, will be a full featured mortgage product complete with prepayment options.
Consumers Poised To Save Big
What would you do with an extra $100 each month? Those are the savings Canadian home buyers can expect when financing their mortgage at 2.99 per cent, compared to the lowest big bank five-year fixed offering of 3.49 per cent.
- Canadians will pay $1,787 per month
- Canadians will save $98 per month
- Canadians will save $1,176 per year
- Canadians will save $29,400 over the course of a 25-year mortgage
Kelvin Mangaroo, President of RateSupermarket.ca, says lenders are taking their cue from the current economic climate…
Mortgage Careers of the Week
– canadianmortgagetrends.com
Company: CFF Bank Position Title: Retail Banking Account Manager Years of Experience Required: Minimum 5 years in the banking/financial industry Licences or Registrations Required: No Location of Position: Vancouver, B.C….
