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
Laurentian Bank slips to loss as mortgage book shrinks + MORE Mar 10th
Residential book declines amid softer housing activity while commercial lending expands as the bank pushes ahead with its transformation strategy.... More »
Canadians Ill-Prepared for a Rate Hike; Unprecedented Debt Imminent + MORE Jun 29th
A new report finds Canadians are facing a future where an unprecedented amount of household income will go towards debt servicing.
The Household Indebtedness and Financial Vulnerability report by the Parliamentary Budget Officer is raising concerns on the level of household debt amongst Canadians. .... More »
Are interest payments tax deductible? Aug 12th
Taxpayers may be eligible to claim a tax deduction for interest paid on a loan or mortgage. According to Canada Revenue Agency (CRA), “most interest you pay on money you borrow for investment purposes [can be deducted] but generally only if you use it to try to earn investment income.”
One commo.... More »
How much income do you need to buy a home in Canada? A look at housing affordability in May 2025 Jun 23rd
After an unseasonably chilly spring housing market, green shoots are appearing in terms of buyer demand—and that could mean days are numbered for easy borrowing conditions.
The latest data from the Canadian Real Estate Association revealed that, after six months of declines, sales firmed up bet.... More »
Half of Canadians Would Rather Renovate than Relocate Mar 24th
A recent RateSupermarket.ca survey revealed over half of Canadians would choose to renovate their current home, instead of moving to a new home, if they had a budget of $50,000.
With the current high-interest-rate environment and introduction of stricter mortgage regulations, there has been great f.... More »
5 Things Your Mortgage Broker Isn’t Telling You — Reviewed
– canadianmortgagetrends.com
This story from MoneySense — “5 things your mortgage broker isn’t telling you” — caused quite a fracas in our industry this week. Brokers understandably found parts of it misleading…
The Softer Side Of The Housing Market?
– ratesupermarket.ca
It isn’t easy being a Canadian home buyer. Despite a low mortgage rate environment, steep demand and short supply have pushed housing affordability further out of grasp, especially in urban markets like Toronto and Vancouver – but these conditions could ease up in 2014, according to the year’s first quarterly Housing Market Outlook from CMHC.
The report posits this could finally be the year of the fabled “soft landing” for the housing market: meaning current red hot conditions will be scaled back without drastically hurting homes’ value.
According to a release from CMHC, “Support from improved economic and demographic fundamentals will be tempered by a combination of a modest and gradual increase in mortgage rates and a slowdown in demand from first-time buyers.”
Let’s break down the trends expected in CMHC’s early forecast.
Mortgage Rates To Rise, Demand To Slow
Despite the low rate and yield environment that has persisted since the beginning of the year (five-year fixed rates were discounted as low as 2…
Sun Life launches business focused on pension plans
– thestar.com
Sun Life Investment Management Inc. will offer pooled funds focused on private fixed-income investments, commercial mortgages and real estate.
Mortgage Market Madness?
– ratesupermarket.ca
Are we in for a second round of the Great Canadian Mortgage wars? The 5-year fixed cost of borrowing plunged this week to 2.99%, sparking a flurry of headlines and speculation. Will this cause the housing market to reheat to dangerous levels? Should buyers rush into the market? Will Jim Flaherty have to make a call? Read our special coverage to find out!
We’re also in the midst of RRSP season – are you caught up on this year’s contributions? A new study finds Canadians are turning away from RRSPs as a savings method – but are they risking their retirement funds in the process?
2.99% Mortgage Rates Are Back!
This Monday, the lowest five-year fixed mortgage rates dropped as low as 2.99% – a new record not seen since last August. Such discounted rates mean big savings for home buyers – read on to see what your monthly payments would be, compared to rates from the big banks.
Read Penelope’s Blog | 2.99% Mortgage Rates Are Back!
What Canadian Investors Should Know About The Fragile 5
Concern about growth in China and other emerging markets triggered a wave of selling in less developed economies last week…
