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
Is it time to search for bond alternatives for your balanced portfolio? + MORE Oct 20th
I was recently warned by someone in the financial sector that it’s not a great time to invest in bond ETFs. My current asset allocation is 60% equities and 40% bonds, so I’m wondering what alternatives would you suggest for that 40% portion of my balanced portfolio?
At first I considered real.... More »
Mortgage providers slash rates in wake of bond yield drop + MORE Mar 23rd
It took some time, but mortgage rates are now responding to last week's plunge in bond yields stemming from fears about systemic financial risk in the U.S. and Europe..... More »
Mortgage Career: Merix Financial + MORE Apr 24th
Company: Merix Financial Position: Director, Business Development Location: Albert and Toronto, ON Send resume to: veronica.love-alexander@merixfinancial.com and apoorva.shukla@paradigmquest.com Salaried Mortgage Agent About Merix Financial: Merix Financial Inc. is an intermediary between mortgage w.... More »
80,000 variable-rate mortgages will reach their trigger point by year-end: RBC + MORE Aug 27th
Canada's largest bank said about 80,000 of its variable-rate mortgage clients will reach their trigger point with the next "couple of" Bank of Canada rate hikes..... More »
Should I pay off a loan using my RRIF? + MORE May 15th
Q: I’m retired and used a line of credit to do repairs on my house. Should I draw from my RRIF to pay it off or just keep paying down the line of credit gradually?
—Marlene Crew, via email
A: Math and mindset: This debt repayment question requires you look at both. For instance, does the outstan.... More »
Regulator says B.C. mortgage brokers should disclose commissions
– theglobeandmail.com
Brokers, who receive payment from lenders, argue disclosing those earnings to consumers will undermine confidence in the industry
Lots to Love About February Mortgage Rates
– ratesupermarket.ca
RateSupermarket.ca’s expert Mortgage Rate Outlook Panel calls for competitive pricing to remain throughout winter months
Borrowing conditions will remain sweet for Valentine’s home buyers, as both fixed and variable mortgage rates will stick close to record lows. Competitive fixed rate pricing is supported by very low government bond yields, as investors flow into safe haven options amid a shaky global economy. Variable mortgage holders can expect stability for the remainder of the month, but should brace for potential change come March.
Click here for the best fixed and variable mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Five-year bond yields are pushing record lows at barely over half a per cent. This would usually put downward pressure on fixed mortgage rates – but lenders don’t have much room to discount amid today’s already competitive pricing. It’s expected that any change to the fixed cost of borrowing in the short term will be minimal.
Variable Mortgage Rates: Unchanged
With no Bank of Canada interest rate announcement this month, the variable cost of borrowing will remain stable for the short term…
Borrowing conditions will remain sweet for Valentine’s home buyers, as both fixed and variable mortgage rates will stick close to record lows. Competitive fixed rate pricing is supported by very low government bond yields, as investors flow into safe haven options amid a shaky global economy. Variable mortgage holders can expect stability for the remainder of the month, but should brace for potential change come March.
Click here for the best fixed and variable mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Five-year bond yields are pushing record lows at barely over half a per cent. This would usually put downward pressure on fixed mortgage rates – but lenders don’t have much room to discount amid today’s already competitive pricing. It’s expected that any change to the fixed cost of borrowing in the short term will be minimal.
Variable Mortgage Rates: Unchanged
With no Bank of Canada interest rate announcement this month, the variable cost of borrowing will remain stable for the short term…
