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
Online-only mortgage services often seem to have better rates — but can you trust them like you can trust a bank? + MORE Mar 29th
Expert says online services such as Homewise, Nesto and Pineapple don’t impact the fundamental way that mortgages are underwritten. It’s just the front end that’s different..... 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 »
Making sense of the Bank of Canada interest rate decision on July 30, 2025 + MORE Aug 1st
There’s little change on the horizon for interest rates, as the Bank of Canada further entrenches into a holding pattern. The central bank chose to hold its trend-setting overnight lending rate—which is used by lenders to set their prime rates, and by extension, variable mortgage rates—at 2.75.... More »
Home prices won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC + MORE May 4th
The Canada Mortgage and Housing Corporation (CMHC) expects home prices to reach a bottom this year, but aren't expected to fall below pre-pandemic levels..... More »
Canada faces $400 mortgage payment spike: How banks are preparing for the renewal storm + MORE Oct 31st
With nearly half of mortgages set to reset by 2026, Canada’s banks say strong borrower equity and falling rates will cushion households, even as arrears edge higher and affordability remains strained..... More »
Mortgage Career: Pacific Mortgage Group – Senior Mortgage Underwriter
– canadianmortgagetrends.com
Company: Pacific Mortgage Group Location of position: Calgary, Alberta or Vancouver, British Columbia Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Senior Mortgage Underwriter A Canadian mortgage company is expanding and is seeking a Residential Mortgage Underwriter to help develop their relationships within their network of Western […]
Will Canada’s Condo Fears Come True?
– ratesupermarket.ca
While many would-be soothsayers have been predicting the coming crash of the Canadian condo market for a decade or more, hard data is not as readily available. But a couple of recent surveys suggest that the market may remain stable for at least the next few years.
Investment or Home, Sweet Home?
Recently, the Canada Mortgage and Housing Corporation released the results of their survey of more than 40,000 condo owners in Toronto and Vancouver and the most notable finding in these two hot markets is that the vast majority of condo owners call their unit home. The survey found that 82.9 per cent of condos are owned by the people living in them. Additionally, more than half if them (58.4 per cent) expect to continue living in their condo for the next five years or more.
Interestingly, nearly one in five (17.1 per cent) of condo owners own at least one additional unit, which they either rent out or is used by family members.
Flipper Flop
Crawling along stuck in traffic on Toronto’s Gardiner Expressway gives commuters plenty of time to count all the condo building under construction, reinforcing a view that there are too many units being built…
Do you need mortgage life insurance?
– moneysense.ca
Q: I am a single, 70-year-old with a reasonable mortgage of $115,000. I have no family and no dependants. I find that the life insurance on my mortgage is too expensive. Do I need mortgage life insurance anyway? What for?—KaterinaA: I’m glad that you noticed the life insurance you’re paying on your mortgage, Katerina. Many people don’t even know if their mortgage is insured or not in the first place. Click on your mortgage when online banking or check your most recent mortgage statement and you will most likely notice a reference to your mortgage being protected or insured or potentially not protected or not insured.
This insurance coverage is typically a combination of life insurance and disability insurance. In the event of death, the life insurance component of the policy pays off the outstanding mortgage. In the event of disability, the disability insurance component of the policy makes your regular payments.
Banks are prohibited from selling most types of insurance in their branches other than life and disability insurance on credit products…
Long-term GDP. Variable-Friendly
– canadianmortgagetrends.com
Canada’s economic engine ultimately determines the mortgage rates we pay. And these days, that engine is running at a lower RPM than in the past. “Canada’s economy is in a new age,” says Desjardins Economics. In a report released last week it states that economic growth potential “will remain between 1.5% and 2.0% from now until […]
Mortgage Career: CAAMP – Education Advisor
– canadianmortgagetrends.com
Company: CAAMP Location of position: Toronto, Ontario Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Education Advisor About CAAMP The Canadian Association of Accredited Mortgage Professionals (CAAMP is the national association representing Canada’s mortgage industry. With over 12,000 mortgage professionals, its membership is drawn from every […]
