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
5 surprises to avoid when switching mortgages before your term ends + MORE Jul 31st
These days, being a home owner with a mortgage can feel like you’ve ordered the chicken dinner before realizing there was a steak special. You orchestrate a last-minute switch before your meal arrives, and it’s only once your overcooked steak is served that you know you’ve made a mistake.
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FSRA introduces stricter guidelines for mortgage broker licensing + MORE Jul 20th
FSRA has issued new guidelines to enhance mortgage broker licensing standards, aiming to better protect homebuyers and investors..... More »
BREAKING: Ontario Car Insurance Rates Have Increased Oct 16th
Here at RateSupermaket.ca, we keep you in the loop of different ways to save, whether it be on your mortgage, through investments, or on your car insurance. The Financial Services Commission of Ontario (FSCO) has reported that Ontario car insurance rates have increased by 2.06 per cent on average..... More »
Reaction to CMHC’s Clampdown on Mortgage Fraud Aug 13th
Last month the Canadian Mortgage and Housing Corporation (CMHC) formally asked the Canada Revenue Agency to take a more active role in verifying income claimed on mortgage applications in an effort to clamp down on mortgage fraud. The CMHC says the move is necessary given that “the industry’.... More »
Peoples Trust + MORE Jan 22nd
Company: Peoples Trust Position: Manager, Mortgage Administration Location: Vancouver, BC Apply to: Click here Manager, Mortgage Administration Do you want to be part of a smaller more personable organization? One that recognizes that people are the cornerstone of its continued success. If so then P.... More »
Q3 2015 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
To no one’s amazement, Canada’s Big 6 Banks made money again last quarter, despite a recession triggered by the oil patch. More interesting than their profitability was the focus on bank underwriting in the wake of Home Trust’s very public fraud experience. Analysts drilled and grilled bank executives on the quarterly conference calls to find out exactly what banks are doing verify income and address application fraud. You’ll find the banks’ responses below. Like every quarter, CMT has dug through the Big 6 Banks’ quarterly earnings reports, presentations and conference calls, and compiled the following mortgage highlights. The most notable observations appear in red. ********* Bank of READ MORE
