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
Lowest mortgage rates rise above 4% as bond yields surge Dec 12th
A sharp rise in bond yields has pushed fixed mortgage rates higher, undoing weeks of declines and signalling a stubborn pricing floor for borrowers..... More »
Watch: What is mortgage affordability? + MORE Feb 27th
Not sure how you much can borrow to purchase a property? To find out, you’ll need to know about “mortgage affordability.” That’s how much money you are able to borrow to purchase a home. This video outlines the factors that can influence mortgage affordability and it shares everyth.... More »
Desjardins sees mortgage growth drive stronger first-quarter earnings + MORE May 15th
Residential mortgages now account for nearly two-thirds of Desjardins’ loan book, while impaired mortgage loans remained relatively stable despite ongoing economic uncertainty..... More »
Department of Finance Announces New Qualifying Rate for Insured Stress Test Feb 19th
The federal government announced on Tuesday it will be changing the benchmark qualifying rate used for Canada’s insured mortgage stress test. The change, which will take effect April 6, 2020, means borrowers with insured mortgages (typically those with less than 20% equity) will need to prove they.... More »
Mortgage Market & MBS Nuggets + MORE Sep 22nd
Bank of America Merrill Lynch put out a fantastic primer on mortgage-backed securities (MBS) last week. Here’s a small sampling of its notable factoids: ******* Securitization versus the U.S. Risky mortgage securitization was blamed for feeding the U.S. housing crisis. In comparison, not only is C.... More »
The New Economic Plan
– ratesupermarket.ca
Big news was revealed this week with implications for every Canadian; the Federal Budget has been revealed after 5 months of anticipation. How will the Liberals’ new spending plan impact your bottom line? Be sure to check out our coverage.
Meanwhile, Canada’s housing market continues to defy the odds, prompting the Canadian Real Estate Association to up its forecast for the year. Read on for the full story.
$29.4-Billion Deficit Announced in 2016 Federal Budget
The 2016 Federal Budget has been announced, and it reveals the Liberal government will run a $29.4-billion deficit for the fiscal year, with a focus on new infrastructure, tax changes and the middle class. Will the new spending benefit Canadians – and could it influence mortgage rates?
Read Penelope’s Blog | $29.4Billion Deficit Announced in 2016 Federal Budget
CREA Hikes Housing Market Forecast for 2016 – 2017
CREA has hiked their housing market forecast for this year and next as high demand persists despite rising prices…
Most millennials consider home ownership important, says poll
– canadianbusiness.com
TORONTO – A new poll by CIBC (TSX:CM) suggests home ownership is just as important to millennials as it is to most Canadians.
The survey shows 86 per cent of millennials view home ownership as important even though 42 per cent of them are renting and 21 per cent live with their parents.
Overall, according to the poll, 85 per cent of Canadians consider home ownership a priority.
Of those, 63 per cent say it makes financial sense to build equity and save for retirement while 59 per cent of millennials in the 18-34 age group say home ownership provides a sense of personal freedom.
Conversely, 15 per cent of Canadians say home ownership is not important, with nearly half saying it’s too big of a financial burden
Barry Gollom, vice president of mortgages and lending at CIBC, says it’s a myth that millennials don’t want to own their own home.
“In fact our poll suggests that millennials place as much importance on being a home owner as Canadians in other age groups,” he said…
The survey shows 86 per cent of millennials view home ownership as important even though 42 per cent of them are renting and 21 per cent live with their parents.
Overall, according to the poll, 85 per cent of Canadians consider home ownership a priority.
Of those, 63 per cent say it makes financial sense to build equity and save for retirement while 59 per cent of millennials in the 18-34 age group say home ownership provides a sense of personal freedom.
Conversely, 15 per cent of Canadians say home ownership is not important, with nearly half saying it’s too big of a financial burden
Barry Gollom, vice president of mortgages and lending at CIBC, says it’s a myth that millennials don’t want to own their own home.
“In fact our poll suggests that millennials place as much importance on being a home owner as Canadians in other age groups,” he said…
TORONTO — A new poll by CIBC (TSX:CM) suggests home ownership is just as important to millennials as it is to most Canadians.
The survey shows 86 per cent of millennials view home ownership as important even though 42 per cent of them are renting and 21 per cent live with their parents.
Overall, according to the poll, 85 per cent of Canadians consider home ownership a priority.
Of those, 63 per cent say it makes financial sense to build equity and save for retirement while 59 per cent of millennials in the 18-34 age group say home ownership provides a sense of personal freedom.
Conversely, 15 per cent of Canadians say home ownership is not important, with nearly half saying it’s too big of a financial burden
The survey shows 86 per cent of millennials view home ownership as important even though 42 per cent of them are renting and 21 per cent live with their parents.
Overall, according to the poll, 85 per cent of Canadians consider home ownership a priority.
Of those, 63 per cent say it makes financial sense to build equity and save for retirement while 59 per cent of millennials in the 18-34 age group say home ownership provides a sense of personal freedom.
Conversely, 15 per cent of Canadians say home ownership is not important, with nearly half saying it’s too big of a financial burden
Still an important milestone
Barry Gollom, vice president of mortgages and lending at CIBC, says it’s a myth that millennials don’t want to own their own home.
“In fact our poll suggests that millennials place as much importance on being a home owner as Canadians in other age groups,” he said…
