Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
The State of Rental Financing + MORE Apr 18th
Last November the Department of Finance banned default insurance on single-family rentals. That was a near-knockout blow to the rental financing businesses of lenders who rely on securitization. Since then, lenders who compete with the big banks have been forced to find new balance sheet funding. Th.... More »
No Spring Thaw in Sight for March Mortgage Rates + MORE Mar 7th
RateSupermarket.ca’s expert panel say lenders are taking a wait-and-see approach
Good news for early spring mortgage borrowers: interest rates won’t be rising along with the thermometer. While early signs of economic improvement are promising, consumer lenders and the central bank alike are hol.... More »
How to find room to save in 2026—even with tight budgets Jan 11th
Saving more in 2026 is a common new year’s resolution, but with budgets tight and inflation driving the cost of groceries and everyday necessities higher, it’s easier said than done. Financial planning experts say it takes a careful review of where you’re spending to find ways to s.... More »
Changes to Canada’s Financial Landscape + MORE Jan 16th
From credit cards to your mortgage rate, there may be impending changes for your financial products this year – and the price of oil may be largely to blame. While the effects may be positive for some (cheaper gas and lower home prices are certainly reason to smile), the Bank of Canada warns .... More »
Latest in Mortgage News: Despite Challenges, Majority of Canadians Plan to Buy a Home Jan 22nd
Despite quickly rising home prices and the uncertainty unleashed by the COVID-19 pandemic, a majority (80%) of Canadians still believe home ownership is a good investment.... More »
Good news, bad news
– macleans.ca
Horacio Pietragalla Corti, one of Argentina’s ‘stolen babies,’ attends the opening of a cultural centre that was once a concentration campGood news
Justin time
Word that Justin Trudeau plans to publish a “candid” memoir this fall has been greeted with some derision. What insights does a 42-year-old possess, his critics ask? Well, U.S. President Barack Obama was just 33, and at the beginning of his political career, when he penned Dreams from My Father. Who knows if the Liberal leader’s book will be as well-executed or received, but it will be nice to finally learn some specifics about his vision for the coun- try. And the profits are to go to the Red Cross. Trudeau has led an interesting life so far. Now it’s time for him to define himself—before the Tories and their attack ads do the job for him.
What bubble?
The much-predicted crash of Canada’s hot housing market may not happen, says a new report. The Conference Board of Canada study suggests high house prices—and the big mortgages that have fuelled them—have been offset by historically low interest rates…
MBRCC’s New Tool for Interprovincial Brokering
– canadianmortgagetrends.com
For mortgage brokers without face-to-face business models, the Internet makes it easy to close mortgages in another province. And a lot of brokers are doing just that, but not always…
BMO slashes key mortgage rate
– theglobeandmail.com
Five-year fixed rate falls to 2.99 per cent a week after Jim Flaherty steps down as Finance Minister
