Interested in learning more about property mortgages in Canada? Look no further!
Latest News
Highclere Capital enters Canada’s mid-market lending space + MORE Feb 23rd
A new player in Canada’s mid-market mortgage lending space is intent on shaking up the industry..... More »
CMHC reports annual pace of housing starts down in May compared with April Jun 17th
Canada Mortgage and Housing Corp. says the annual pace of housing starts in May fell 6% compared with April..... More »
CMHC’s Siddall on the Hotseat: Commentary – Part I + MORE Feb 23rd
If you thought Parliament’s hearings on the new mortgage rules was boring, you missed last week’s exchange between MP Ron Liepert and CMHC head, Evan Siddall. This 4-minute video captures the tension… Never, to our recollection, has there been such animosity towards the regulato.... More »
Data gaps show need for better foreign buyer stats + MORE Apr 9th
(Getty Images / Michael Blann)
The Canada Mortgage Housing Corporation (CMHC) recently released their April 2016 edition of the Foreign Ownership in Condominiums report.
The report aims to reveal the share of foreign ownership based on the age of the condominium building.
Not surprisingly, the repor.... More »
The Latest in Mortgage News – Fresh Round of Fixed-Rate Hikes Underway Feb 3rd
Over the past couple of weeks, all of the big banks and countless other mortgage lenders have bumped up some of their fixed rates. Meanwhile, markets are now fully pricing in a rate hike by the Bank of Canada at its March meeting, which will raise rates for the country’s variable-rate holders..... More »
Q1 2016 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
Alberta’s routed oil sector and the province’s surging unemployment rate (7.4% as of January) is, for the first time, having a noticeable impact on the Big Banks’ lending portfolios. Rising delinquency rates in personal lending have motivated banks to tighten their underwriting standards in the regions most affected by the oil crash, which also include Saskatchewan, Newfoundland and Labrador. That said, this line from TD Bank’s Chief Risk Officer, Mark Chauvin, sums up the overall health of the Big 6 banks: “Although we are seeing definite signs of deterioration in consumer lending, delinquency, and loss rates in the impacted regions, to-date, loan losses have been largely offset by strong READ MORE
No Spring Thaw in Sight for March Mortgage Rates
– ratesupermarket.ca
RateSupermarket.ca’s expert panel say lenders are taking a wait-and-see approach
Good news for early spring mortgage borrowers: interest rates won’t be rising along with the thermometer. While early signs of economic improvement are promising, consumer lenders and the central bank alike are holding their breath, looking to the Liberal stimulus announcement later this month before adjusting the cost of borrowing. This means both fixed and variable mortgage rate shoppers will access great discounts this month, and perhaps more to come as the spring mortgage wars traditionally heat up this season.
Click here to find the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Government of Canada bond yields remain in high demand among investors seeking stability, pushing yields to new depths. While recent news of tepid economic growth eased yields slightly higher over last four weeks, they remain well below the 1% threshold – and only a few precious basis points above Prime…
Good news for early spring mortgage borrowers: interest rates won’t be rising along with the thermometer. While early signs of economic improvement are promising, consumer lenders and the central bank alike are holding their breath, looking to the Liberal stimulus announcement later this month before adjusting the cost of borrowing. This means both fixed and variable mortgage rate shoppers will access great discounts this month, and perhaps more to come as the spring mortgage wars traditionally heat up this season.
Click here to find the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Government of Canada bond yields remain in high demand among investors seeking stability, pushing yields to new depths. While recent news of tepid economic growth eased yields slightly higher over last four weeks, they remain well below the 1% threshold – and only a few precious basis points above Prime…
