Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Broker Lender Market Share – Q1 2018 Jun 11th
Credit unions saw their slice of the broker pie shrink in Q1. That comes despite OSFI’s January 1 stress test, which played right into their hands given they are provincially regulated. Broker market share for CUs fell 0.6% versus Q1 2017. Less competitive pricing was a key reason. In particul.... More »
Banking regulator to hike amount of capital lenders must hold against mortgages + MORE Dec 13th
Canada's top financial regulator wants to update the rules that govern how much capital lenders must hold to offset the risk that the residential mortgages on their books go bad..... More »
CMHC consumer survey reveals the importance of follow-up contact by mortgage brokers + MORE May 13th
There was a simple but important lesson for mortgage brokers in CMHC's 2023 Consumer Survey released Wednesday: follow-up contact leads to more satisfied clients..... More »
I need to lower my monthly mortgage payments. Is extending my amortization period a good idea? Nov 16th
An extra five years might not seem like much, but the difference can be startling, says one expert..... More »
How retired parents can use the FHSA to help their adult children + MORE Mar 26th
If you’re a retiree or close to retiring, you probably have a paid-off principal residence, or should be close to having one.
However, many retirees—including me—have grown children struggling to get onto the first rung of the real estate ladder. Coming up with a down payment is still diffi.... More »
(Getty Images/Arda Guldogan)If you’re interested in making money off of other people’s debt you may have an increased opportunity, at least if the Bank of Canada gets its way.
A recent article, written by Bank of Canada deputy governor Lawrence Schembri, pressed for risk exposure changes in Canada’s mortgage market. In particular, Schembri suggested that the creation of a private-label mortgage securitization market in Canada.
Private-label mortgage securities includes any mortgage product that does not conform to criteria set by A-list banks and the CMHC. As a result, these private-label mortgages carry a significantly greater risk. Examples of these mortgages include: low-doc (aka: Liar loans), 40-year mortgages, large loans (over $415,000 in the US, over $1-million in Canada), B-lender loans. Of course, these types of loans may already seem familiar given that they, along with other private-label mortgage securities, played an integral role in the 2009 credit crisis…
Mortgage Career: Equitable Bank
– canadianmortgagetrends.com
Company: Equitable Bank Position: Regional Business Manager (Single Family Residential) Location: Montreal, QC and Toronto, ON Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Regional Business Manager (Single Family Residential) Come Join Equitable Bank Equitable Bank is a federally regulated Schedule I bank with total assets of […]
Mortgage Career: FICOM
– canadianmortgagetrends.com
Company: FICOM Position: Lead, Market Conduct, Mortgage Brokers Location: Vancouver, British Columbia Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Lead, Market Conduct, Mortgage Brokers BC Public Service Ministry of Finance Vancouver, B.C. Join the FICOM team and make an important contribution to the economic stability of […]
How to Finance a US Home Purchase
– ratesupermarket.ca
Considering buying a vacation home south of the border? Snowbird destinations like Florida and Arizona may offer relief from the cold and snow – but Canadian buyers can get frozen out by American mortgage rates. Here are 3 options for financing that U.S. home, from our friends at The Housing Block.
Author: The Housing Block
With winter fast approaching, many Canadians are making plans to escape the cold. Who can blame them? After the coldest, snowiest winter in decades, wouldn’t it be a lot nicer to be relaxing in a warm destination by purchasing a home for sale in Florida or Arizona rather than sticking around to shovel snow in Canada?
Last month we looked at Canadians investing in U.S. real estate. While wanting to invest in U.S. real estate is fine and dandy, figuring out how to pay for it is another story. With U.S. real estate prices on the rebound and the Loonie falling below 90 cents, buying a home down south isn’t as affordable as it once was.
Investing Your Retirement Nest Egg in U…
