Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
TD Bank raises rate for variable-rate mortgages + MORE Nov 3rd
TORONTO – TD Bank (TSX:TD) is raising the interest rate it charges customers with variable-rate mortgages.
The bank is increasing its TD Mortgage Prime rate to 2.85 per cent from 2.7 per cent, effective Tuesday.
Customers with fixed-rate mortgages are unaffected by the change.
TD’s prime rate fo.... More »
The real costs of buying a car Mar 31st
The thrill of driving a new car off a dealer’s lot is appealing, but experts warn not to let the new car smell go to your head when it comes to borrowing money to make it happen.
Mark Kalinowski, a credit counsellor and financial educator at the Credit Counselling Society, says you need to know.... More »
The State of the Residential Mortgage Market: 2021 Mar 26th
Despite the headwinds of a global pandemic, Canadians’ interest in real estate and the resulting rise in prices took even the most seasoned experts by surprise. This, of course, had major implications for the mortgage market. Mortgage Professionals Canada’s Annual State of the Residentia.... More »
The Latest in Mortgage News: Half of Canada’s Big Housing Markets Are Unaffordable Sep 30th
A new study of 15 major urban centres across Canada shows that housing unaffordability continues to be a major concern in nearly half of those markets. A median-income earner wouldn’t qualify for a mortgage large enough to fund their home purchase in seven key markets, including the Greater Va.... More »
What is a mortgage broker? Oct 17th
Mortgage brokers are a highly regulated specialized alternative to Canada’s big banks. But what is a mortgage broker exactly? And, When it comes to the purchase of your home, why would you choose a broker over a mortgage specialist at your bank?
Get the mortgage rate that works for you.Fin.... More »
“Ding dong, the mortgage is dead,” a jubilant Sean Cooper announces as he sets fire to his mortgage in front of cheering friends outside a Toronto restaurant.
“I feel like the weight of the world has been lifted off my shoulders,” he declares.
Cooper has just achieved what many Canadians aspire to do: pay off our home and celebrate with a mortgage-burning party. He just did it decades faster than most of us.
In 2012 Cooper bought a house in Toronto for $425,000. He then embarked on a painstaking financial plan — including working three jobs and living like a pauper — to pay off his $255,000 mortgage as soon as possible.
He achieved his goal in just three years and two months — at the age of 30.
Cooper was driven by a deep desire to free himself from the stress and risks of carrying huge debt.
“For a lot of people, their mortgage is like a life sentence,” he says. “I just wanted to not have a mortgage hanging over my head for the next 30 years.”
Living under crushing mortgages
Canadian household debt has risen to record levels, thanks largely to fat mortgages fuelled by rising housing prices…
“I feel like the weight of the world has been lifted off my shoulders,” he declares.
Cooper has just achieved what many Canadians aspire to do: pay off our home and celebrate with a mortgage-burning party. He just did it decades faster than most of us.
In 2012 Cooper bought a house in Toronto for $425,000. He then embarked on a painstaking financial plan — including working three jobs and living like a pauper — to pay off his $255,000 mortgage as soon as possible.
He achieved his goal in just three years and two months — at the age of 30.
Cooper was driven by a deep desire to free himself from the stress and risks of carrying huge debt.
“For a lot of people, their mortgage is like a life sentence,” he says. “I just wanted to not have a mortgage hanging over my head for the next 30 years.”
Living under crushing mortgages
Canadian household debt has risen to record levels, thanks largely to fat mortgages fuelled by rising housing prices…
Canadian households owed $1.88 trillion in outstanding debt in September, as the high cost of housing in some markets pushed borrowing levels higher, according to RBC Economics.
Financial Services Commission of Ontario
– canadianmortgagetrends.com
Company: FSCO Position: Compliance Officers Location: Toronto, ON Compliance Officers Do you demonstrate sound knowledge of market conduct assessment principles, combined with exceptional customer service and financial analysis skills? Then consider these opportunities with the Financial Services Commission of Ontario (FSCO) to investigate and resolve complex inquiries relating to financial service institutions and intermediaries in the sectors regulated by FSCO. What can I expect to do in this role? You will: receive and respond to complaints, allegations and inquiries about potential misconduct of individuals and companies regulated by FSCO (e.g. insurance companies, mortgage agents/brokers, credit unions, caisses populaires, cooperatives, READ MORE
