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
Switching to a better bank account Dec 17th
Almost every adult Canadian has a bank account, according to the Canadian Bankers Association. And there are practical reasons for that: most of us need a bank account to cover rent or mortgage payments, receive paycheques and to maintain our lifestyles.
But what if you’re looking for a bank acc.... More »
Home ownership rate in Canada on the decline: census + MORE Oct 28th
OTTAWA — Not everyone wants to own a home these days, Evan Siddall concedes — not even his own millennial-age son. For the head of the Canada Mortgage and Housing Corp., that’s really saying something.
But Siddall’s experience is far from uncommon, the latest census figures show: 3.... More »
Kerzner: Your Involvement is Vital to the Mortgage Industry Dec 6th
We are all learners; as parents, as students, as leaders, as employees. An important part of learning, for me, is reflection. We can only really grow and improve when we take a good, hard look at what’s working and what’s not. My time has ended as Director of Ontario, and Executive Member of t.... More »
Average cost to rent condo in GTA hits $2,206, up by $214 in past year + MORE Apr 12th
The average cost to rent a condominium in the Greater Toronto Area has risen by almost 11 per cent in the past year, partly because tougher mortgage rules have shut out new buyers and flooded the market with renters, a new report by research firm Urbanation says..... More »
What Impact will the Stress Test have when Renewing Your Mortgage? Feb 28th
So, your mortgage is coming up for renewal this year. You’ve probably been in your mortgage for at least three years – but likely closer to five, as this is the most common term.
Does the mortgage stress test affect you? Absolutely! And, here’s how…
SCENARIO 1: Your current.... More »
How Brokers Operate: Some Stats
– canadianmortgagetrends.com
The vast majority of mortgage brokers recommend suitable mortgages, according to a new report from the Mortgage Broker Regulators’ Council of Canada (MBRCC). That’s vital because, as MBRCC Chair Kirk Bacon states, “Unsuitable mortgages can have a devastating financial impact on borrowers and their families.” To find out how brokers operate, regulators surveyed 1,113 of […]
HSBC paying $550-million to resolve U.S. claims on mortgage bonds
– theglobeandmail.com
HSBC sold the securities to U.S. mortgage giants Fannie Mae and Freddie Mac between 2005 and 2007
