Pace of residential construction slows in Ottawa + MORE Dec 10th

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.
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Struggling to make mortgage payments? How to avoid the slippery slope that leads to losing your home + MORE Nov 22nd

More and more Canadians are having trouble making payments as rates continue to rise. Here’s how to get back on track and make sure you don’t put your home in jeopardy..... More »
 home equity

The State of Mortgage Consumers + MORE Apr 27th

Mortgage consumer debt reached a record level in the second quarter of 2017, yet mortgage holders have proven capable of managing their increasing monthly obligations. That’s according to CMHC’s recently released Mortgage and Consumer Credit Trends report, which said Canadian households&.... More »
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The Run Down on Reverse Mortgages: What Are They and Why Do Homeowners Get Them? + MORE Jun 23rd

Although it may seem like a complicated or paradoxical concept, the features that make up a reverse mortgage are rather simple. A reverse mortgage is a home equity product that allows homeowners aged 55 years and older to access up to 55 per cent of the value in their home. Homeowners can choose to.... More »

OSFI’s stress test change sparks industry confusion Nov 30th

Canada's banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most brokers weren’t aware of..... More »

The best 5-year fixed mortgage rates in Canada + MORE Aug 29th

Mortgage rate comparison tool Customize the filters to compare rate types and terms. powered by Why trust us MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance .... More »
Builders in and around the city of Ottawa have scaled back the pace of construction on the heels of a recent warning from Canada Mortgage and Housing Corp. Last month the federal housing watchdog said a glut of unsold condominiums was cause for concern for the health of Ottawa’s housing market, especially since more units are […]

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Lender Call Roundups

– canadianmortgagetrends.com

If you’re a mortgage industry watcher, you’ll find occasional wisdom in the earnings calls of Canada’s non-bank lenders. So we’ve decided to cherry-pick some of their soundbites and post them in a new series called Lender Call Roundups. This quarter, we heard from Home Trust on its terminated brokers, Street Capital on its bank application and the end of its loyalty program, and First National on the success of its TD partnership. Here’s a quick rundown of their comments, with highlights in blue.   Street Capital Notables from its call: “Consistent with last year’s quarter’s drivers, the strong uptick in revenue for the first three and READ MORE

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