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
Latest in Mortgage News: Fixed Mortgage Rates Could Fall Over Coronavirus Fears + MORE Jan 29th
As fear grows over the deadly Wuhan coronavirus that has killed more than 100 people, it is now becoming the world’s—and Canada’s—latest economic headwind. That fear spread to financial markets on Monday, with the TSX falling 142 points and New York’s Dow Jones ending the.... More »
Surviving the crunch + MORE Apr 21st
Julie and Noel Bond seemed well on their way to realizing the Canadian dream when they moved east of Vancouver to the small community of Mission in 2014 so they could afford a three-bedroom house for their growing family. They now have two pre-school children and are expecting a baby in March.
While.... More »
Oil slump has led to more empty apartments, CMHC says + MORE Jun 15th
It was a lot easier to rent an apartment in the oil-producing provinces of Alberta and Saskatchewan in April, the Canada Mortgage and Housing Corporation reported Monday..... More »
Weekly mortgage digest: Fixed rates trending downward ahead of expected BoC cut Jul 23rd
This week’s digest highlights the past week's key mortgage news, including the downward trend in fixed mortgage rates as lenders respond to lower bond yields..... More »
CMHC-Backed Report Calls for Annual Surtax on Homes Valued at $1M+ + MORE Jan 7th
A new report backed by Canada's national housing agency is calling for a home equity tax on houses valued at $1 million and more..... More »
Is your banker giving you their best rate?
– canadamortgagenews.ca
EVEN THE BANK OF CANADA SAYS MORTGAGE BROKERS WILL GET YOU A LOWER RATE. The Bank of Canada did a study a few years ago called Competition in the Canadian Mortgage Market. The study concluded that consumers get a lower interest rate through brokers. They also said that higher income earners were actually […]
MCAN & Xceed’s New X-Series Mortgage
– canadianmortgagetrends.com
Xceed Mortgage has been reinventing itself ever since the financial crisis, when liquidity dried up and killed its bread and butter business: uninsured non-prime mortgages. Since then, Xceed has offered…
