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
This millennial making $110,000 helps her family with mortgage, groceries. Is it time to buy a place with her boyfriend? + MORE May 16th
‘Can we even afford anything in the GTA. Is it smart to buy?’ Leanne asked. ‘The market is insane.’.... More »
CMHC Makes Dividend Payments to Government: What are They and Who do They Help? + MORE Apr 5th
Starting in 2017, the Canada Mortgage and Housing Corporation (CMHC) has been making both special and regular dividend payments to its shareholder, the Government of Canada. The largest sum was for $4-billion in June 2017, which was spread over two years. At that time they announced the impl.... More »
Mortgage Industry Reacts to Liberal Budget + MORE Mar 21st
Hoping for minor tweaks to the mortgage stress test, the Liberal government’s 2019 budget instead left many in the industry underwhelmed and with more questions than answers. The stress test was left untouched, and instead Finance Minister Bill Morneau announced two key changes aimed at easing aff.... More »
CMHC reports annual rate of housing starts in June down six per cent from May + MORE Jul 17th
Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell six per cent compared with May..... 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 »
Personal debt level concerns are overblown…!
– canadamortgagenews.ca
There’s a lot of talk in the media about Canadians carrying too much debt. We’re getting hammered with messages of ‘record high personal debt levels’. It’s true. Our mortgage balances are higher, car loans are higher, student loans are higher, personal loans and lines of credit balances are higher. Is this a problem? […]
Life as a New Broker
– canadianmortgagetrends.com
Ever-evolving mortgage rules and lender guidelines can be a lot to take in, even for the most experienced brokers in our industry. Now imagine that you’re just beginning your career as a mortgage broker. Not only do you have to wrap your head around these changes, but you have a host of other challenges: finding business, learning lender and insurer guidelines, competing against online discounters, creating an internet presence, building lender status, and so on and so on. For young brokers, it’s important to know how other new agents are handling these challenges. So we decided to reach out to Kamloops, B.C. broker Ryan Smith. Smith has been READ MORE
A Recession Reversal
– ratesupermarket.ca
Is Canada’s recession already history? The latest data from Stats Can shows a small – but steady – turnaround in our economy’s driving forces. We’ve summed up what that means – from your wallet to your mortgage rate.
Speaking of mortgages, our latest expert panel has spoken on this month’s rate trends. Read on for the full story.
Should You Accept That Pre-Approved Credit Limit Increase?
Is it ever a good idea to accept a pre-approved credit limit increase? Turns out, upping your limit can be good for your credit score – but it does come with additional debt pitfalls. Here’s what you need to know about increasing your credit limit – and whether you should turn it down.
Read Amanda’s Blog |Should You Accept That Pre-Approved Credit Limit Increase?
Is The Recession Behind Us?
Is Canada back on track for improvement? The latest data from Statistics Canada show the economy enjoyed some growth during the third quarter, reversing the doom and gloom trend reported previously this year…
