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
Mortgage insurers clarify qualification rules for VRM applications amid rising rates Jul 22nd
The Bank of Canada's historic 100-bps rate hike last week has led to confusion over how the stress test should be applied to variable rate mortgage applications already in lender pipelines..... More »
The big question on mortgage borrowers’ minds: fixed or variable? Feb 15th
With variable mortgage rates potentially at a peak and fixed rates having recently retreated, borrowers are asking themselves the age old mortgage question: should you go fixed or variable?.... More »
Switch banks and minimize hassle Sep 20th
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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 »
How does credit card debt affect a mortgage application? Apr 7th
If you’re shopping around for a mortgage, you probably already know that lenders ask for a ton of financial information before determining how much you can borrow. That list includes your household income, down payment amount and how much you owe—including credit card debt, car payments and unse.... More »
Stress Test Causing National Housing Slump: CREA May 21st
The Canadian Real Estate Association (CREA) blames the mortgage stress test introduced in January for slow activity across the nation in April. The housing market has cooled in all respects from April of last year, when the market peaked: the average sale price declined by 11.3 per cent to $495,000,.... More »
Broker Lender Share – Q2 2014
– canadianmortgagetrends.com
There’s a new sheriff in town. First National has taken over the coveted #1 lender position in the mortgage broker channel, at least according to D+H data. It’s an honour that Scotiabank has held for three years (since Q2 2011). We don’t know how much volume each lender did on MorWeb last quarter, so this title isn’t […]
Almost one out of five condominium owners in Toronto and Vancouver have bought another unit in order to use as an investment, according to a new Canada Mortgage and Housing Corporation survey.
