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Latest News
For many homeowners 55+, the goal is no longer downsizing, but aging in place + MORE Jul 23rd
Here’s how mortgage brokers can support their needs..... More »
Thinking of a private mortgage? Here’s what lenders want to see + MORE May 9th
Private mortgages continue to play an important role in today’s Canadian housing market, especially as traditional lending guidelines tighten. Yet many borrowers are surprised to learn that private lenders don’t simply look at one or two factors — they assess a wide range of details that can m.... More »
Want to become a first-time home buyer in B.C.? These three steps can help Jun 25th
These days, being a first-time home buyer in British Columbia, or anywhere else in Canada for that matter, is not easy. For years, Canadian housing prices experienced a steady upward trajectory, but the pandemic resulted in an unprecedented surge. And even though home prices have started to fal.... More »
Canadians opting for shorter mortgage terms as they hope for declining interest rates + MORE Jun 15th
Canadian housing mortgage rates are all over the map. Don't get trapped in an unnecessarily costly mortgage agreement.
You Don’t Need a Big Bank to Get a Mortgage - canadamortgagenews.caIt’s tough to get a mortgage these days. New and existing clients have been calling non-stop letting me.... More »
CMHC’s First-Time Home Buyer Incentive Falls Short of Expectations Jun 20th
The Canada Mortgage and Housing Corporation held an official announcement yesterday to release details of its First-Time Home Buyer Incentive (FTHBI). While officials reiterated how this shared-equity program will help young middle-class Canadian buyers, there were scant new details beyond what has .... More »
Stay away from mortgage cashback offers!
– canadamortgagenews.ca
It’s the Spring market… ok, the weather isn’t saying this but the real estate market is. You’re gonna start seeing and hearing more ads on TV, radio, news sites, even finance blogs. So here’s a some quick words of advice. STAY AWAY FROM TODAY’S CASH BACK OFFERS! There are a few different types of […]
A Busy March Mortgage Market
– ratesupermarket.ca
The saying is March comes in like a lion, and out like a lamb – but it’s already been a busy month for the mortgage market.
The week kicked off with the latest edition of our Mortgage Rate Outlook Panel – if you plan to be a spring home buyer, renewer or refinancer, be sure to check out their stance on March mortgage rates. The Bank of Canada also dropped their latest announcement – with no change to monetary policy. Small surprise, but they did unveil some interesting insights for the Canadian economy. Check out the top ways this can affect you.
No Sudden Spring Growth Expected For March Mortgage Rates
Long awaited higher temps may be in store for Canadians this month, but don’t expect the same for fixed and variable mortgage rates. Our expert Mortgage Rate Outlook Panel has spoken, and its status quo for the cost of borrowing for the rest of the month.
Read Kelvin’s Blog | No Sudden Spring Growth Expected For March Mortgage Rates
Bank of Canada Announcement: Inflation and Debt Still Top Concerns
The Bank of Canada announced Wednesday that it will leave central interest rates untouched once again…
CMHC mortgage insurance rates increasing but still cheaper than 10 yrs ago.
– canadamortgagenews.ca
Canada Mortgage and Housing Corporation (CMHC) announced they will be increasing the cost of insurance premiums effective May 1st. The premium increase is minimal and isn’t expected to slow the mortgage volumes (see below for cost changes). The move isn’t that puzzling given that CMHC’s most recent financial statements from 2013 show their volumes […]
Q1 2014 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
Slowing consumer lending and margin pressure from low rates didn’t kill the earnings party for Canada’s banks. As they seem to do more often than not, the "Big 6" pulled…
