Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Frustrated with mortgage tech? You’re not alone + MORE Feb 14th
For the past few years, mortgage brokers have been presented with a seemingly non-stop barrage of new mortgage technology..... More »
Because not everyone fits into the same box Dec 11th
You might have seen the headline “HSBC crushes mortgage records with 0.99% variable rate”. No doubt about it, this is a great rate. However, it’s not for everybody. It is important to remember, like most deals, there are some restrictions. Among other things this offering is li.... More »
OSFI calls stress test “incomplete,” seeks to address “problem” of fixed-payment variable-rate mortgages + MORE Sep 8th
It's no secret that Canada's banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that point during a speech today..... More »
What is a line of credit and what is it best used for? We make it make sense Oct 5th
If people are interested in opening a line of credit, money expert Jessica Moorhouse emphasizes the importance of gaining a full understanding of what you are signing on to before having it set up.... More »
Parent of U.S. Mega-Lender Buys Control of Mortgage Fintech, Lendesk Apr 27th
No, Quicken Loans has no plans to start selling mortgages in Canada. But it does want a piece of our mortgage technology market. That’s why its parent company, Rock Holdings Inc., has acquired a majority stake in Vancouver-based Lendesk. Lendesk is a mortgage fintech company that connects borrower.... More »
Federal govt finally takes action on Collateral mortgages.
– canadamortgagenews.ca
Almost 4 years ago, I reported that TD was about to make one of the biggest changes in mortgage history. They were about to register all their mortgages as a collateral charge. Consumer advocates spoke out against the collateral charge as they recognized it would limit a borrower’s future options. A collateral charge […]
Oliver Meets With CAAMP
– canadianmortgagetrends.com
Finance Minister Joe Oliver met with the Canadian Association of Accredited Mortgage Professionals (CAAMP) on Friday. The meeting covered a range of mortgage hot-topics. CAAMP President & CEO Jim Murphy tells CMT, “CAAMP’s key messages were to provide consumer choice, for example the need to support smaller lenders and monolines, a view that we have had […]
WIN $500: Take the Mortgage Survey to Enter!
– ratesupermarket.ca
Where do you turn for mortgage advice?
Some Canadian home buyers head online to learn about their mortgage options, while others prefer the traditional route of visiting their bank branch. Regardless of where you seek support, one thing’s for certain – we could all use a little help during the home buying process!
And what could be better than cold, hard cash? We’re giving away a $500 prize to one lucky winner. To enter, simply take our mortgage survey – whether you’re already a homeowner, about to make the leap into the market, or just plan to in the far-off future.
Click below to enter!
Mortgage shopping: What’s the best way?>
Q3 2014 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
A slower-than-anticipated spring housing market couldn’t keep Canada’s banks from posting another blockbuster quarter. Activity picked up over the summer months, translating into across-the-board gains in year-over-year income. At most banks, however, margins are still facing headwinds due to the continued “competitive and low interest rate environment,” as RBC puts it. Of particular note were retail-focused lenders BMO […]
