Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Why I started this site… 400+ articles later Feb 4th
I’m often asked why I started this site. It’s simple: I was tired of reading misinformation and twisted truths about mortgage brokering in Canada.
Back in 2009 when I created the site, there were some new blogs reporting on mortgage trends and offering ‘expert’ advice. (I use the term ‘e.... More »
Top Performers: Kelli Pardo + MORE Jun 17th
By Vanessa Chris, Special to CMT Some believe there are countless attributes that define a top performer in the mortgage industry, but for Kelli Pardo, only a few really matter. The key success ingredient for this Alberta-based Invis agent is establishing an airtight bond with clients, lender .... More »
Toronto's MaRS Building To Receive $86-Million Loan From Province + MORE Dec 11th
TORONTO - Ontario's Liberal government announced Wednesday that it would provide an $86-million line of credit to the MaRS office project in downtown Toronto to help attract tenants and protect the province's original investment.The government was already on the hook for a $225 million loan to MaRS .... More »
The Best Spring Mortgage Season… Ever? + MORE Apr 19th
If you’re on the hunt for home financing this spring, you’ve practically got a garden of discounts to choose from: lenders big and small are bringing their A game – especially for those who are A borrowers. One lender has introduced a mortgage rate so low, it’s pegged as the lowest post.... More »
BoC: Interest rate not the only tool for aiding economy + MORE Feb 9th
OTTAWA – The Bank of Canada says its trend-setting interest rate should not be considered the primary tool responsible for shoring up the country’s financial system.
In prepared remarks of a speech today, deputy bank governor Timothy Lane says other regulatory measures are also needed to help ma.... More »
Mortgage Careers of the Week
– canadianmortgagetrends.com
Company: Equitable Bank Position: Regional Business Manager Years of Experience Required: Minimum 3-5 years Licences or Registrations Required: AMP designation is an asset Location of Positions: Vancouver, B.C. Applicants may…
How to pay off debt and save for the future
– moneysense.ca
(Illustration by Amedeo De Palma)Phil and Candace Ranjan are smart people. In fact, the two chiropractors have four university degrees between them. And for a young married couple still in their 20s, they also have a healthy combined income of $110,000. But the pair, who live in London, Ont., also has three huge liabilities: $47,000 in student loans, $94,000 on a line of credit and a $400,000 mortgage on a home they purchased last year for $431,000. In total, they are starting married life deep in the red, with net liabilities of $96,800. “We have huge expenses and absolutely no spending money,” says Phil, 29. “We’re professionals but we’re not earning to our fullest potential. We know we need to pay down our debt but aren’t sure which way is best. And we’d love to start investing but we just can’t seem to save any money. It’s frustrating.”
The Ranjans (whose names we’ve changed to protect privacy) married last fall. They spent two years saving up for the cost of their wedding and $31,000 for a down payment on the 1950s-style red brick bungalow they now own…
