Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Should you get a fixed-rate or variable mortgage? In these strange times, fixed has a rare edge Nov 23rd
With rates this low, the usual advantages of renewing with a variable mortgage are diminished or gone, writes David Aston..... More »
The Cost of Buying Vs. Renting in Ontario: Infographic + MORE Sep 13th
Last year, it was common to read about bidding wars over properties in Ontario that would ultimately go for more than double the asking price – especially in Toronto. This year, however, things have changed.
Recent data now shows that while prices are up five per cent year-over-year, the sales pr.... More »
Mortgage Career: CMHC + MORE Feb 27th
Company: CMHC Position: Senior Account Manager, Client Relations Location: Vancouver, BC Senior Account Manager, Client Relations Bring your relationship building skills and mortgage lending expertise to the position of Senior Account Manager in Vancouver, BC. As a member of the Client Relations tea.... More »
How Financing a Furnace Can Affect Your Mortgage + MORE Jun 10th
“Save up to $3,000 on heating and cooling”
“No monthly payments for 3 months”
“No interest for 6 months”
Sound familiar? You’ve probably seen tons of offers like these on flyers and emails from your utility company. It sounds great on the surface. You can save some money.... More »
DLC Hires Star Economist + MORE Feb 24th
Dominion Lending Centres (DLC) has become the first mortgage broker network to have its own prominent in-house economist. The company announced today that Sherry Cooper, formerly BMO’s star Chief Economist, is now Chief Economist at DLC. It’s a head-turning move for Canada’s large.... More »
4 Best Mortgage Apps For Home Buyers
– ratesupermarket.ca
It’s getting difficult to remember a time pre-internet, before app stores offered hundreds of thousands of tools and digital life hacks. Apps that make it easier to shop and make payments have grown in popularity and are commonplace. Now, the ability to pay online is extending to perhaps the largest purchase of your life: your home down payment.
Mortgage apps are a growing sphere. According to the Canada Mortgage and Housing Corporation 2014 Mortgage Consumer Survey, 78 per cent of mortgage consumers researched the home purchase online. Further to that 73 per cent used mortgage calculators and of the 15 per cent who looked into mortgages using their mobile device, 23 per cent used a mortgage app.
To make your homebuying process easier, here’s a roundup of the best mortgage apps.
Canadian Mortgage App
The Canadian Mortgage App by Bendigi Technologies stole our attention with its cleanly designed interface and functionality. In addition to showing all the payments you need to make in real time with amortization charts, the app includes a toggle switch for first time home buyers to calculate your rebate based on the city and province you’re in…
Record low Bond yields means even lower fixed mortgage rates
– canadamortgagenews.ca
Fixed mortgage rates are tied into Govt of Cda bond yields. As the yields go done, so does the fixed mortgage rates.. well, usually.. more on that later..These bond yields have hit all-time lows in the past week… Yesterday, they were as low as 0.55%… To put that into perspective, the 5 yr bond yield […]
Fisgard Spreads East
– canadianmortgagetrends.com
Fisgard, one of the nation’s largest private mortgage investment corporations (MICs), is expanding its business eastward. It launched in Ontario, Saskatchewan and Manitoba this past Monday. It’s an important move for the 21-year-old lender, which has limited itself to the BC and Alberta markets for two decades. Fisgard’s mortgage features will be the same across […]
TD Broker Channel 2.0
– canadianmortgagetrends.com
TD Canada Trust captured 8.7% of the mortgage broker channel in the third quarter, based on the latest market share data we have from D+H. That number is going to jump thanks to one of the most anticipated system changes in broker market history. As of yesterday, TD began outsourcing its broker underwriting to First National, […]
