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Latest News
Bridgewater’s New Gateway Mortgage Dec 8th
Bridgewater recently unveiled its “Gateway” product, a conventional mortgage for homeowners with credit and/or income provability issues. It’s meant to be short-term financing (one to three years) until a borrower can qualify for better-priced long-term financing. Todd Poberznick,.... More »
Q&A with CanWise Financial’s James Laird + MORE Nov 19th
After spending six years as the Chief Operating Officer (COO) of Canada’s largest independent mortgage brokerage, James Laird set up his own mortgage company, CanWise Financial, earlier this fall. Laird’s success has in large part been due to a mastery of leveraging the Internet leads. In.... More »
CMHC reports annual pace of housing starts in April up from March May 18th
Canada Mortgage and Housing Corp. says the annual pace of housing starts for April rose 17% compared with March..... More »
Mortgage Career: iA Financial Group + MORE Aug 11th
Company: iA Financial Group Position: Residential Mortgage Renewal Specialist Location: Toronto, Ontario Apply to: Click Here Residential Mortgage Renewal Specialist Company Overview iA Financial Group is the fourth largest life and health insurance company in Canada and offers a wide range of produ.... More »
Mortgage-Free By 30 – Here’s How + MORE Sep 28th
After making his first foray into the housing market four years ago, MoneyWise writer Sean Cooper set out on a journey to pay off his mortgage by the age of 30. In September 2015, he achieved his goal and kissed his mortgage goodbye. Here is his story:
In August 2012 I bought my first house –.... More »
Bust Seasonal Overspending
– ratesupermarket.ca
It’s easy to be in a “don’t worry, be happy” frame of mind in the summer. But if you’re shirking your debt repayment plan for pricey fun in the sun, your finances will be in a gloomy state come fall.
Yet this this spend-free attitude is taken by many young Canadians, according to a recent CIBC poll. Check out the full report below, along with the rest of the week’s top headlines.
July Mortgage Rates: A Midsummer Buyer’s Dream
Scorching real estate demand (and subsequent prices) are putting the heat on prospective homebuyers – but the silver lining lies in the continuation of record low mortgage rates throughout the summer. Our expert Mortgage Rate Outlook Panel has shared their take on upcoming mortgage trends. Click below for their full analysis.
Read Penelope’s Blog | A Midsummer Buyer’s Dream
4 Ways to Stop Your Summer Overspending
A Tangerine survey on summer spending finds the majority of Canadians are actually quite responsible with their warm-weather cash… with the exception of Millennials who prioritize summer fun over debt repayment and savings…
Yet this this spend-free attitude is taken by many young Canadians, according to a recent CIBC poll. Check out the full report below, along with the rest of the week’s top headlines.
July Mortgage Rates: A Midsummer Buyer’s Dream
Scorching real estate demand (and subsequent prices) are putting the heat on prospective homebuyers – but the silver lining lies in the continuation of record low mortgage rates throughout the summer. Our expert Mortgage Rate Outlook Panel has shared their take on upcoming mortgage trends. Click below for their full analysis.
Read Penelope’s Blog | A Midsummer Buyer’s Dream
4 Ways to Stop Your Summer Overspending
A Tangerine survey on summer spending finds the majority of Canadians are actually quite responsible with their warm-weather cash… with the exception of Millennials who prioritize summer fun over debt repayment and savings…
Mortgage renewal opportunities missed.
– canadamortgagenews.ca
DON’T SIGN THAT RENEWAL AGREEMENT BEFORE SPEAKING WITH YOUR BROKER! Summer is a great time. Vacations, time off, no school, sun and fun. It’s also a time when most of our mortgages come up for renewal. This year, things are a little different. The loooong winter is really making us cherish the precious few […]
RateHub to Launch a Mortgage Brokerage
– canadianmortgagetrends.com
Mortgage leads are profitable but mortgages themselves are much more so. It’s not a complete shock then that RateHub.ca, a lead generation company, is starting its own brokerage. RateHub, a leading mortgage rate comparison site, hasn’t publicly named the new brokerage yet, but says it will launch later this year. It will be managed by […]
July Mortgage Rates: A Midsummer Buyer’s Dream
– ratesupermarket.ca
Improving economy won’t be enough to hike central interest rates
Prospective buyers looking to tackle Canada’s scorching real estate market (and subsequent prices) can continue to rely on record-low borrowing costs this month. Discounted fixed and variable mortgage rates, which have proven to be the saving grace for many aspiring homeowners, will linger throughout July, softening the blow of tighter qualification requirements and ever-rising home prices.
Fixed Mortgage Rates: Unchanged
Fixed-rate mortgages will continue to be competitively priced this month, with the best five-year options below 3 per cent. Bond yields, which have experienced limited movement, won’t put additional pressure on pricing, leading our experts to believe rates will remain at status quo.
Variable Mortgage Rates: Unchanged
Despite encouraging signs of economic recovery both in Canada and the U.S., it’s too soon to tell if changes to central interest rates would be sustainable. Higher-than-expected inflation numbers mean a rate cut is off the table – but it’s also unlikely that the Bank of Canada will back away from current stimulus measures with a rate hike on July 16th…
Prospective buyers looking to tackle Canada’s scorching real estate market (and subsequent prices) can continue to rely on record-low borrowing costs this month. Discounted fixed and variable mortgage rates, which have proven to be the saving grace for many aspiring homeowners, will linger throughout July, softening the blow of tighter qualification requirements and ever-rising home prices.
Fixed Mortgage Rates: Unchanged
Fixed-rate mortgages will continue to be competitively priced this month, with the best five-year options below 3 per cent. Bond yields, which have experienced limited movement, won’t put additional pressure on pricing, leading our experts to believe rates will remain at status quo.
Variable Mortgage Rates: Unchanged
Despite encouraging signs of economic recovery both in Canada and the U.S., it’s too soon to tell if changes to central interest rates would be sustainable. Higher-than-expected inflation numbers mean a rate cut is off the table – but it’s also unlikely that the Bank of Canada will back away from current stimulus measures with a rate hike on July 16th…
