Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Why three big banks raised fixed mortgage rates despite falling bond yields + MORE Dec 3rd
Despite low bond yields, banks and other lenders are continuing to raise rates. We talked to several rate experts to understand why..... More »
Q4 Earnings Mortgage Morsels: Scotiabank & RBC + MORE Dec 5th
A reduction in provisions set aside for potential credit losses boosted fourth-quarter earnings results for both Scotiabank and RBC this week..... More »
Q2 2020 Bank Earnings – All About Provisions and Mortgage Deferrals + MORE Jun 19th
For the second-quarter earnings season, all eyes were on the Big 6 banks’ credit loss provisions and mortgage payment deferral programs. With the onslaught of COVID-19, the banks granted payment deferrals to more than 700,000 Canadians to help prevent a wave of defaults. In their second-quarte.... More »
Lowest Winnipeg mortgage rates: Save with Cambrian Credit Union May 12th
When Canadians need a mortgage, they often default to the big banks—but there’s a whole other world of financing options to explore. Credit unions have competitive interest rates in Canada, including Manitoba, plus innovative mortgage options you may not be able to find elsewhere. Shopping aroun.... More »
Canada’s home renovation costs are still climbing, but the pace is slowing Jan 11th
Home reno costs in Canada continued to climb in Q3, driven by higher roofing and window expenses, with many homeowners relying on their home equity to fund these projects..... More »
Technology Resources & Competition
– canadianmortgagetrends.com
By Michael Beckette, Special to CMT Every year or so comes the promise of a new mortgage broker network. They’re launched by successful entrepreneurial brokers who band together to increase revenues, share resources and develop technology—all worthy objectives that deserve our attention and support. Innovation is their promise, and that’s important because innovation is inspiration that can breathe new life into virtually any industry. In Canada’s mortgage industry, innovation is not a new concept. As industry stakeholders, we’re keenly aware that resources must be developed to help entrepreneurial mortgage professionals build businesses with enduring value, not simply transactional businesses. We know READ MORE
Bully for the white-collar crackdown
– macleans.ca
(Mark Wilson/Getty Images)In early 2005, Martha Stewart was sitting in a prison camp in West Virginia, serving out her five-month sentence for lying about the sale of a few thousand shares in a biotech company. At the same time bankers, analysts, traders and mortgage underwriters at some of America’s largest financial institutions were deep into a shell game that would nearly bankrupt the global economy three years later. Looking back, it’s an interesting juxtaposition, because as we know now, Stewart (and, for a little Canadian content, Conrad Black) would be among the last prominent American corporate executives to be sent to the slammer for financial crimes.
To jail or not to jail, or more precisely, to pursue criminal charges or to just leave white-collar cases up to civil courts—where the likely outcome is a fine and no admission of wrongdoing—was a question the U.S. government would face a lot in the wake of Wall Street’s implosion in 2008-09. With federal prosecution of white-collar crimes at a 30-year low, the answer has overwhelmingly been to take a pass…
