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
The State of Mortgage Consumers + MORE Apr 27th
Mortgage consumer debt reached a record level in the second quarter of 2017, yet mortgage holders have proven capable of managing their increasing monthly obligations. That’s according to CMHC’s recently released Mortgage and Consumer Credit Trends report, which said Canadian households&.... More »
CMHC reports annual pace of housing starts dropped 17% in October Nov 18th
Canada Mortgage and Housing Corp. says the annual pace of housing starts in October fell 17% compared with September..... More »
Three-quarters of Equitable Bank’s uninsured mortgages to renew at lower rates this year + MORE Mar 1st
Equitable Bank is optimistic about continued loan growth in 2025, buoyed by expectations that most of its single-family mortgage borrowers will renew at lower rates this year..... More »
Rate-Driven Subterfuge + MORE Jul 1st
People in the mortgage business have heard the terms “fraud for profit” and “fraud for shelter.” Both have long plagued the mortgage market. But there’s another type of fraud that some may not be aware of. It’s called fraud for rate, and it’s growing. While .... More »
Canadians want to age in place and are turning to reverse mortgages to make that happen May 28th
More than 9 out of 10 Canadians want to be able to live out their retirement years in the comfort of their home, and reverse mortgages are increasingly being used to make that a reality..... More »
Mortgage Career: Xceed Mortgage Corporation
– canadianmortgagetrends.com
Company: Xceed Mortgage Corporation Position: Business Development Manager Location: Vancouver, British Columbia Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Business Development Manager Corporate profile XCEED Mortgage Corporation has been in business since 1997 and is a growing residential mortgage lender offering both prime and alternative […]
How the BoC interest rate cut will affect mortgages
– moneysense.ca
(Adam Gault/Getty Images)Amid sliding oil prices and a sluggish Canadian economy, the Bank of Canada defied prior predictions and actually lowered the key interest rate today by a quarter-percentage point—from 1% to 0.75%.
It’s the first time the central bank has moved the overnight rate since September 2010—a move the bank calls “insurance” against the potentially destructive effects of the global oil price collapse. Canada is largely impacted by recent drops in barrel prices as we are an oil-dependent economy.
Most economists had predicted the central bank would stay the course with today’s interest rate announcement—neither hiking or lowering the rate. After today’s shocker, any predictions of a future rate increase, either later this year or early 2016, are now suspect.
That’s because the central bank’s overnight target rate sets the tone for determining where mortgage rates will go. If the Bank of Canada raises it’s overnight rate, it will cost more for your local big bank to borrow…
CBC.caBank of Canada interest rate cut: 5 ways consumers may be affectedCBC.caThe Bank of Canada surprised financial markets by cutting its key interest rate by 0.25 per cent on Wednesday. Here are five ways the central bank's move will affect Canadian consumers: 1. Cheaper mortgages for some, but not all. "This is good news if …Poloz's rate cut cushions the blow for Harper ConservativesThe Globe and MailThe Drivers And Implications Of The Bank Of Canada's Oil-Driven Rate CutSeeking Alpha5 things you should know before you start your workdayFinancial PostPique Newsmagazine -Saskatoon StarPhoenix -Regina Leader-Postall 1,048 news articles »
Interest rate surprise? Not to our readers! : Bank of Canada drops key lending rate to 0.75 per cent
– canadamortgagenews.ca
Last week, I made a bold statement about interest rates. I said rates will remain low for some time. And they could even decline. That forecast was met with a certain degree of criticism. Well, no surprise for CanadaMortgageNews.ca followers, the Bank of Canada cut the rate by 0.25% to 0.75%. This means Variable Mortgage […]
Mortgage Career: FSCO
– canadianmortgagetrends.com
Company: FSCO Position: Manager, Licensing Compliance Unit Location: Toronto, ON Manager, Licensing Compliance Unit one temporary (up to 12 months with possible extension) Do you demonstrate exceptional leadership skills along with the ability to provide technical guidance to a unit responsible for the risk analysis, assessment and regulatory approval functions for the licensing of […]
