Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Report: New Mortgage Stress Test Cutting 18% of Home Buyers Out of the Market Aug 7th
According to a new report by the Mortgage Professionals of Canada (MPC), new stricter mortgage rules are leaving 18 per cent of home buyers out of the market. The MPC report found that while many Canadian home buyers could afford to make monthly payments at the bank’s contract rate, the higher ba.... More »
Variable-rate mortgages regain popularity as Morningstar flags rising risks + MORE Feb 1st
Morningstar DBRS says mortgage portfolios should hold up in 2026 despite a soft housing market, while warning that rising variable-rate use and Alt-A exposure are key areas to watch..... More »
Bank of Canada rate cut increasingly likely amid coronavirus fears, economists say - Global News Mar 2nd
Bank of Canada rate cut increasingly likely amid coronavirus fears, economists say Global NewsCoronavirus rate cut could open Poloz's finale at Bank of Canada BNNBloomberg.caBoC Increasingly Likely to Deliver a Surprise Rate Cut This Week - Mortgage Rates & Mortgage Broker .... More »
Why January is peak season for second mortgages in Canada Dec 18th
For many mortgage brokers, January is the busiest month of the year..... More »
How Does the Home Capital Crisis Affect Me? + MORE May 12th
As of late, Home Capital Group is dominating the headlines. To quickly summarize, on April 19, the Ontario Securities Commission (OSC) claimed that brokers had falsified information on mortgage applications submitted to Home Trust. As a result, shares in the company dropped while customers withdrew.... More »
A Few Last Tweaks by CMHC
– canadianmortgagetrends.com
Last week CMHC eliminated some more mortgage insurance offerings. Effective July 31, for example, it will no longer insure amortizations over 25-years or $1 million+ properties with low-ratio transactional insurance….
Call of the midnight sun
– moneysense.ca
Tourists travel the Northwest Passage on an Adventure Canada boat. (Michelle Valberg/Adventure Canada)Most of us have a bucket list of Canadian destinations we’d love to experience some day. But while a wildlife-snapping Rockies road trip or a lobster-cracking Maritimes jaunt is tantalizingly attainable, the far North seems like a price-prohibitive no-go. Fancy a Nunavut holiday? It’s cheaper to fly to Europe.
That’s partly the point, though. Everyone does Paris and London but our unfathomably vast northern region—defining the phrase “rugged wilderness”—is equally exotic: just ask those camera-wielding Europeans who flock there every year.
The Palace Grand Theatre in historic Dawson City, Yukon (Patrick Kane)
As for costs: with our dollar currently buying considerably less overseas than last summer, this is the ideal time to cover off some iconic domestic destinations. And there’s no need to take out a second mortgage. For a menu of memorable up-North vacations that won’t send your budget too far south, read on…
