Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
EQB mortgage book grows as credit recovery pushed into 2027 Jun 2nd
The bank reported continued growth in uninsured personal mortgages and insured multi-unit lending, but higher credit provisions and a softer housing market weighed on second-quarter earnings..... More »
Latest in Mortgage News: Despite Challenges, Majority of Canadians Plan to Buy a Home Jan 22nd
Despite quickly rising home prices and the uncertainty unleashed by the COVID-19 pandemic, a majority (80%) of Canadians still believe home ownership is a good investment.... More »
Average 30-year loan rate falls to 3.57 per cent, 3-year low + MORE May 12th
WASHINGTON – Long-term U.S. mortgage rates fell this week for a third straight week, posting new lows for the year. The benchmark 30-year rate reached a three-year low.
The low rates come amid the spring home buying season, luring prospective purchasers.
Mortgage buyer Freddie Mac said Thursda.... More »
Q1 2017 Bank Earnings – Mortgage Morsels + MORE Mar 10th
Q1 bank earnings season came and went with less fanfare than usual, at least on the mortgage front. Executives’ mortgage commentary focused primarily on conditions in Canada’s two hottest housing markets and on strong credit quality. Earnings reports show continued robust mortgage a.... More »
Looking Beyond the Big Banks: How Playing the Mortgage Field Could Save You Thousands Mar 3rd
When it comes to your mortgage, there’s no need to settle for the most obvious options. When the time comes to buy a house, most Canadians rely on only the ‘big six’ banks to find a competitive interest rate. An HSBC study from last year shows Canadians are among the least likel.... More »
What To Do When Your Rental Tenant Leaves
– ratesupermarket.ca
With home prices reaching new heights in many of Canada’s biggest cities, homeowners are increasingly considering their rental income options as a means to manage their home affordability. It was a decision I made upon becoming a first-time home buyer – and if you think making your first home purchase is stressful enough, try doing it while learning the ropes as a landlord, too.
Now, I’ve got two years under my belt as a landlord, and I’ve learned a thing or two about gaining tenants – and losing them. While I’ve been an excellent (or so I think!) landlord, through no fault of my own, I’m on my third tenant in three years.
Also read: How To Be A Landlord: Tips From My First Year
Your Landlord Contingency Plan
I depend on rental income to pay my mortgage (I’m working hard to be mortgage-free by 31), so it’s important for me to have a plan B in case that income disappears; you never know when your tenants will hand in their 60-days notice…
The Deceivers Among Us
– canadianmortgagetrends.com
Ten percent of our fellow citizens say it’s okay to inflate income when applying for a mortgage. Nine percent say they’ve already lied on one or more credit applications. And that’s just the percentage that admit it. These discouraging figures were released by Equifax Canada this week. Equifax’s Tim Ashby, VP of Personal Solutions, says, “Make […]
Confused By Canadian Finances?
– ratesupermarket.ca
A few reports came out this week, underscoring the knowledge gap between Canadian consumers and the state of their personal finances. An annual debt report released by BMO finds household debt levels continue to skyrocket, as consumers clamour for mortgages and cheap credit. Meanwhile, a study shows many TFSA investors still aren’t clear on their contribution rules.
Read on for the full story, plus the rest of the week’s top headlines.
Should You Really Worry About Your Household Debt?
Canadians are carrying more debt these days – but no one seems to be too worried about it. Should consumers be more concerned?
The amount of debt carried by Canadian households rose sharply last year, according to BMO’s Annual Debt Report. The uptick is partly due to an increase in mortgages, and some argue that rising property values will offset the risk. But what if the housing market cools?
Read Gordon’s Blog | Should You Really Worry About Your Household Debt?
What To Do When Your Rental Tenant Leaves
Renting out a portion of your home can be a great way to increase your affordability as a homeowner…
