2020 Mortgage Forecasts: Defaults to Jump, Originations to Tumble, Sales to “Suffer” + MORE May 8th

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

First National saw revenue rise 29% in 2023 despite drop in residential mortgage volumes + MORE Mar 10th

First National wrapped up a "successful" 2023 in spite challenging economic conditions and a drop in residential mortgage originations..... More »
 property

How Canada’s Small Businesses Can Create Resilient Futures Oct 14th

.c-logo img { display: inline-block; } .single-article .wp-caption-text {  text-align: center; } Created by   Adam Kirsh, AVP Salesforce Canada Instead of ‘doomscrolling’ — otherwise known as obsessively checking social media for negative stories about the pandemic and .... More »

How much income do I need to qualify for a mortgage in Canada? + MORE May 18th

After several years of sky-high borrowing costs, mortgage rates are (finally!) starting to ease up. That’s great news for cash-strapped Canadians currently shopping for the best mortgage rate—but it unfortunately hasn’t translated into improved affordability when buying a home. The national.... More »
 secure line of credit

The best credit cards for newcomers to Canada for 2024 + MORE Jul 29th

Credit Cards The best credit cards for newcomers to Canada for 2024 As a newcomer, you’ll want a credit card that offers you the best value without having a long Canadian credit history. Here’s a list of our favourite cash back, rewards, low-interest cards and more. .... More »

The latest in mortgage news: record population growth to keep upward pressure on home prices + MORE Jul 21st

Canada's expected population growth will worsen the already limited housing supply and result in even higher home prices, according to a new report.... More »
There’s no doubt that Canada’s mortgage and real estate industries will suffer in the short term due to the impacts of the coronavirus pandemic. But how long will the pain last and how far out might the recovery be? Those are questions being asked by many in the industry, and some have put forth their best guesses. Here’s a look at the latest mortgage-related forecasts for the remainder of 2020 and into 2021… Mortgage Arrears to Rise in 2021? So […]

Continue Reading On canadianmortgagetrends.com »

On the heels of new data showing that home prices tumbled in April across many of Canada’s largest cities, CMHC is forecasting it will take at least until 2022 for a return to pre-recession levels. The federal housing agency modelled out a pandemic scenario that was “not as severe as this,” CEO Evan Siddall said in a teleconference following the release of CMHC’s annual report. “And I’m sure that you’d understand that the realm of plausibility has expanded significantly as […]

Continue Reading On canadianmortgagetrends.com »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!