Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Could diversified funding be the latest trend for alternative mortgages? + MORE Apr 28th
As the winds of change sweep across the lending landscape, regulatory underwriting guidelines are growing ever tighter. This puts non-bank clients in a precarious position, and mortgage brokers are feeling the pressure..... More »
Merry Christmas & Happy Holidays! + MORE Dec 25th
Whether you’re having a white Christmas or a rainy one, the spirit of the holiday holds true. May you enjoy this special time of year with those closest to you. From the entire Canadian Mortgage Trends family, we wish you and yours a safe, relaxing and cheerful holiday season. Warmest wishes,.... More »
Mortgage Career: CIBC Dec 23rd
Company: CIBC Position: Director, Regional Approval Centre; Retail Lending Risk Management Location: Vancouver, BC Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Director, Regional Approval Centre; Retail Lending Risk Management CIBC .... More »
Oil shock could keep rates higher for longer, analyst warns + MORE Mar 19th
A prolonged Middle East conflict could push oil prices higher, adding to inflation pressures and raising risks for mortgage rates and household affordability..... More »
Merix Rolls Out NPX + MORE Feb 6th
Remember when McDonald’s was only open for lunch and dinner? Neither do I, but prior to the seventies it didn’t serve breakfast. Then a guy named Herb Peterson decided to utilize the golden arches’ existing infrastructure, come up with a passable product (Egg McMuffin) and leverage the cha.... More »
One-on-One with IG’s Veselinovich
– canadianmortgagetrends.com
After Investors Group ended its headline-making 1.99% variable-rate promotion, we did a "post-game interview" with Peter Veselinovich, vice-president of banking and mortgage operations. Going forward, it sounds like IG will…
4 Essential Mortgage Features To Ask For
– ratesupermarket.ca
Hunting for the best interest rate on your mortgage? Congratulations – by shopping around you’re already ahead of the home-buyer pack, and likely to score a great deal.
It’s proven that exploring your mortgage options equal better savings in the long run – and those who are unquestionably loyal to their financial institutions (called positive bank bias), end up paying more than those who look for a better rate. A Bank of Canada study found that those who don’t compare their mortgage rate pay a premium of between $759 and $1,617 on their home financing.
It’s a fact we know resonates with our own customers; in a recent poll we conducted on mortgage rate motivation, 50.8 per cent identified the lowest rate as the best mortgage feature available.
While shaving even a few basis points off your rate can save thousands over the long run (check out this eye-opening savings breakdown!), it shouldn’t be the only motivational factor for homebuyers. The best mortgage rate is one that fits your specific buying and homeownership needs…
Q2 2014 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
The unusually harsh winter took its toll on the economy in the second quarter, and mortgage activity was no exception. A number of "Big 6" banks posted tempered mortgage growth…
