Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Household debt rises to another record + MORE Mar 13th
Canadian household credit market debt, which includes consumer credit, mortgage and non-mortgage loans, increased to $1.9 trillion at the end of last year.... More »
The Latest in Mortgage News: Ontario Teachers’ Pension Plan to Buy HomeEquity Bank Sep 26th
The Ontario Teachers' Pension Plan Board has taken a major investment stake in Canada's rapidly growing reverse mortgage market with its acquisition of HomeEquity Bank..... More »
Is Now a Good Time to Buy Real Estate in Victoria? Jul 11th
Thinking about buying real estate in Victoria? While some might suggest waiting a year or two for housing prices to come down, now might be a good time to start looking. The quarterly report on Vancouver’s housing market indicates while prices are starting to come down, inventory is high. So, sho.... More »
Should you loan money to someone who is house rich and cash poor? May 19th
My daughter is 60, divorced, owns a house, perhaps $800,000 house value. She has a small mortgage and no savings of any kind. She lives on a line of credit and a credit card. Her only income is about $300 to $400 monthly CPP.
She is wondering how best to manage. Should she sell now and rent for a.... More »
Online-only mortgage services often seem to have better rates — but can you trust them like you can trust a bank? + MORE Mar 29th
Expert says online services such as Homewise, Nesto and Pineapple don’t impact the fundamental way that mortgages are underwritten. It’s just the front end that’s different..... More »
Got a small mortgage? Why you’ll likely get a lousy rate
– theglobeandmail.com
Mortgage minimums are becoming more common. Unfair as it might seem, lenders may frown on those with big down payments and modest mortgage needs
A New Mortgage Opinion Poll
– canadianmortgagetrends.com
At last week’s Mortgage Forum, Kyle Davies from Bond Brand Loyalty let us peek into the minds of mortgage consumers. Bond surveyed 2,000 homeowners from across the country. They were asked about their mortgage experiences and choices. Here were 10 of the top findings: Debt on debt: 9% have borrowed from another debt source to make a mortgage payment Mind you, up to 7% of Canadian mortgages may be considered sub-prime, so this number is far from startling. Even prime borrowers undergo unexpected life events (income loss, divorce, etc.) that lead to desperation. Size isn’t everything, but: The vast majority of Canadians are READ MORE
