Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
How to grow your reverse mortgage business by partnering with realtors + MORE Jun 5th
Bring flexible financing solutions to the table to help realtors close more deals..... More »
Q3 2017 Bank Earnings – Mortgage Morsels + MORE Sep 16th
Canada’s Big 6 banks wrapped up another earnings season with another $10.69 billion in total net profit. Earnings were fuelled by strong mortgage growth for at least several banks, notably CIBC, which saw its mortgage volume shoot up 13% from last year, and RBC, with mortgage balances up 6%. D.... More »
Latest in Mortgage News: Toronto and Vancouver Home Sales Surge in September Oct 8th
The fall was supposed to herald in a period of more subdued housing activity and home price growth. But preliminary September data for the Greater Toronto and Vancouver areas tells a very different story. In the GTA, home sales reached a new record of 11,083, representing a 42.3% gain compared to Se.... More »
Should You Accept That Pre-Approved Credit Limit Increase? Jun 5th
If you faithfully pay your loans, mortgage and credit cards each month, then you’ve probably received a call or letter from your bank with the news that you were pre-approved for a credit increase or a line of credit.
You might be thinking, I don’t even use all the credit I currently have. I do.... More »
Housing sales fall in most markets across Canada - The Globe and Mail + MORE Jul 17th
The Globe and MailHousing sales fall in most markets across CanadaThe Globe and MailHouse sales fell in a majority of markets across Canada in June, suggesting the real estate sector is cooling just as interest rates are starting to climb and Ottawa is proposing tougher mortgage rules. Sales fell in.... More »
Are You Retirement-Ready?
– ratesupermarket.ca
RRSP season is upon us, and banks are laying on the pressure to save – are you putting enough cash away? Many Canadians, especially young adults, aren’t entirely clear on how they should be saving for retirement – and we spoke to a few of them to see how they really feel (check out our video below)!
Meanwhile, rising bank fees add insult to injury for consumers cash-strapped from a lower loonie. Read on for our full coverage.
VIDEO: RRSP-ECT – Find Out What It Means to Me
We’ve all seen the scary headlines: Canadians, especially Millennials, aren’t saving enough for their golden years. But there’s a lot of confusion around saving effectively – how much do you need to sock away? Should you use an RRSP?
We took to the streets to see how Canadians really feel about their retirement chances. Check out our video!
Read Penelope’s Blog | RRSP-ECT – Find Out What It Means To Me
INFOGRAPHIC: Canadian Mortgage Snapshot
Did you know – there are 5.71 million mortgages in Canada, and $3 trillion in home equity nation-wide? That’s a lot of lending – and 2015 was no exception, with 660,000 new home purchases…
Pigeonholing “Shadow Banks”
– canadianmortgagetrends.com
“Shadow banking” is one of the most misapplied terms in financial services today. Apart from a few private lenders and small MICs, which comprise just 2-4% of Canada’s mortgage market1, no Canadian lender is operating in the shadows. There is a problem with the definition of shadow banking and it creates real difficulties for Canada’s non-bank lenders. The Bank of Canada refers to shadow banking as: “…Credit intermediation that takes place at least partly outside the traditional banking system.” The BoC lumps government-insured mortgage securitization into that mix, which is somewhat preposterous given that the Department of Finance, the banking READ MORE
Home builders need to further scale back construction to cool overheated markets in Ottawa and other centres, says Canada Mortgage and Housing Corp. A quarterly market assessment released by the federal government’s housing watchdog Wednesday said rising vacancy rates and high inventories of new and unsold units are causing problems in Calgary, Saskatoon, Regina and […]
