Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Switch banks and minimize hassle Sep 20th
Getty Images
TORONTO – Soured by problems with the bank he had been using for years, Johnny Hollick was looking for a good reason to take his money elsewhere, and a free iPad seemed like the perfect incentive.
One of the other big Canadian banks was offering the tablet device — an incentive used.... More »
Mortgage Pre-Approval: How to Improve Your Credit Score + MORE Jul 5th
Are you interested in learning about the mortgage pre-approval process? Or, do you want to learn how to improve your credit score? One of the biggest steps you’ll take in life is buying a home. And, while you might want to go and pick out your dream home first, this is a mistake. You need to get .... More »
GTA home sales drop 16% in 2018, fewer houses listed: TREB + MORE Jan 5th
The number of homes sold in Toronto and the surrounding area fell in 2018 as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules..... More »
Detroit is now the hottest market for landlords + MORE Jun 13th
(iStock)
Motor City is hardly one of the more desirable places to live in the United States, but data provided by RealtyTrac shows that Detroit offers U.S. real estate buyers the biggest return on their investment. Thanks to ultra-low housing prices, the monthly mortgage payments in Detroit are far .... More »
Canada faces $400 mortgage payment spike: How banks are preparing for the renewal storm + MORE Oct 31st
With nearly half of mortgages set to reset by 2026, Canada’s banks say strong borrower equity and falling rates will cushion households, even as arrears edge higher and affordability remains strained..... More »
Know Your Real Estate Rights
– ratesupermarket.ca
The Spring (nearly Summer!) home buying season just keeps getting hotter – lenders continued to make waves with discounted mortgage rate offers this week, with Scotiabank the latest FI to jump into the fray with a limited-time jaw dropper. Should you make a move? We’ve got the scoop on all the features, restrictions and savings – be sure to check out our coverage!
In other mortgage news, there’s an alarming trend of buyers ditching their offer conditions, just to keep up in the frothy market. It’s a risky tactic – read on to learn why!
Scotiabank Cuts 5-Year Fixed Mortgage Rate to 2.97%
Scotia has knocked BMO off the pedestal of lowest-priced big-bank mortgage lender, introducing a limited-time 2.97 per cent five-year fixed mortgage rate. Available until June 7, this rate offers buyers 15% prepayment privileges, and is available to both conventional and high-ratio buyers. How much more would you really save with a rate this low? We crunch the numbers!
Read Penelope’s Blog | Scotiabank Cuts 5-Year Fixed Mortgage Rate to 2…
Online Mortgage Marketing
– canadianmortgagetrends.com
The Internet has changed mortgage shopping forever. Yet, some mortgage originators still don’t put much thought into it. Many are content to simply put up a website and hope for…
CAAMP’s Spring Mortgage Report 2014
– canadianmortgagetrends.com
Every six months, CAAMP’s mortgage market survey gives us a pulse on mortgage activity. The theme of its latest report is understanding the "new normal" in the mortgage market. Here’s…
