Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
CMHC reports annual pace of housing starts slowed in February + MORE Mar 9th
The housing agency said Friday the annual pace of housing starts slowed in February as higher mortgage rates and other economic conditions soften demand. Economists had expected an annual pace of 205,000 for the month but instead fell to 173,153 units..... More »
How I paid off $40,000 of debt + MORE Dec 3rd
Michelle Renee Dacyk, 39, Grand Prairie, Alta. (Photograph by Chris Beauchamp)
When I completed my masters degree two years ago the first question I asked myself was: “Now what?” I was an occupational therapist and had been in debt since age 18, having spent my money on cars, credit cards, lines.... More »
Making sense of the markets this week: June 9, 2024 + MORE Jun 8th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
“The Big Cut”
While The Big Short film is a riveting watch, “The Big Cut” may be even more enthralling.&nbs.... More »
Q4 2019 Bank Earnings – Mortgage Morsels + MORE Jan 11th
Profits were down among the big banks in what has been called a “bleak” fourth-quarter earnings season. It was the weakest earnings growth since 2016, particularly for the likes of TD and CIBC, who saw their net income fall 3% and 6%, respectively, compared to last year. TD President and.... More »
Canadians continue to pile up non-mortgage debt + MORE Nov 12th
TORONTO – Canadians continued to pile up non-mortgage debt compared with a year ago but delinquency rates remained low, according to credit monitoring agency TransUnion.
Average consumer non-mortgage debt balances rose to $21,686 at the end of the third quarter, up from $21,195 in the same quarter.... More »
RBC announces ‘employee pricing for mortgages’.. and it’s April Fools day.
– canadamortgagenews.ca
RBC is coming out with their employee pricing program for mortgages… yet again. And like last year’s promotion, it deserves a closer look.. or at least some exposure. Last year, the program promised to “break through the clutter of price wars within the mortgage marketplace”, to quote Sean Amato-Gauci, Senior VP at RBC. […]
Broker Boot Sparks Questions
– canadianmortgagetrends.com
RateHub was the talk of the industry last week when it kicked Spin Mortgage, a Vancouver mortgage broker, off its website. (That story) The drama made national news, leading thousands of consumers to ask questions they had never pondered before, including these: #1 – What on earth is a rate comparison website? That’s not a joke. Millions of Canadians still don’t even know what rate sites are. As of last fall, only 16% of customers used them to research mortgages, according to a CAAMP survey. Slowly but surely, the media is spreading the word about these sites (that they aggregate mortgage READ MORE
IC Savings
– canadianmortgagetrends.com
Company: IC Savings Position: Mortgage Administrator Location: Toronto, ON Mortgage Administrator Reports To: Supervisor, Mortgage Administration Position Type: Full time, salaried Start Date: ASAP Location: Toronto, ON (may be subject to move to Etobicoke, ON in future) IC Savings is a financial cooperative that offers a full range of banking services including mortgages, chequing and savings accounts, and retirement and investment products. At IC Savings we’re proud to say that: “you’ll come for our great rates, you’ll come back for our service”. While we are rooted in the Italian community, we are committed to providing a READ MORE
