Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Juggling personal and workplace RRSPs Feb 15th
This family finds themselves juggling personal and workplace RRSPs (Photograph by Matt Ramage)
Q: My husband and I participate in workplace RRSP top-up programs, and we have an RRSP loan to maximize my husband’s RRSP contribution. We’re not sure if this is a good plan, especially considering weâ.... More »
Why mortgage brokers should know prepayment penalty calculations inside and out Mar 20th
All mortgage brokers should have a comfortable working knowledge of how prepayment penalties are calculated and applied. .... More »
The Latest in Mortgage News – The Stats Are In Apr 30th
There have been a number of reports released over the past few weeks that have provided some interesting insight into the state of the housing and mortgage markets. New reports have touched on everything from 2018 renewal rates, foreign buyer statistics and credit quality to the latest financial cru.... More »
Reverse mortgages are on the rise, but are they the right choice? Feb 21st
The number of reverse mortgages has surged recently. Experts caution it’s worth exploring all other options first, like lines of credit and downsizing..... More »
Would You Buy a Home with Strangers? These Canadian Companies Are Betting On It + MORE Oct 2nd
Lesli Gaynor was tired of renting a home for herself and her two-year-old son. The Toronto resident wanted more space and a more stable living environment, where a landlord couldn’t kick her out. So, in the early 1990s she got together with two friends and bought a house in the city’s Parkdale n.... More »
One-on-One with IG’s Veselinovich
– canadianmortgagetrends.com
After Investors Group ended its headline-making 1.99% variable-rate promotion, we did a "post-game interview" with Peter Veselinovich, vice-president of banking and mortgage operations. Going forward, it sounds like IG will…
4 Essential Mortgage Features To Ask For
– ratesupermarket.ca
Hunting for the best interest rate on your mortgage? Congratulations – by shopping around you’re already ahead of the home-buyer pack, and likely to score a great deal.
It’s proven that exploring your mortgage options equal better savings in the long run – and those who are unquestionably loyal to their financial institutions (called positive bank bias), end up paying more than those who look for a better rate. A Bank of Canada study found that those who don’t compare their mortgage rate pay a premium of between $759 and $1,617 on their home financing.
It’s a fact we know resonates with our own customers; in a recent poll we conducted on mortgage rate motivation, 50.8 per cent identified the lowest rate as the best mortgage feature available.
 While shaving even a few basis points off your rate can save thousands over the long run (check out this eye-opening savings breakdown!), it shouldn’t be the only motivational factor for homebuyers. The best mortgage rate is one that fits your specific buying and homeownership needs…
Q2 2014 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
The unusually harsh winter took its toll on the economy in the second quarter, and mortgage activity was no exception. A number of "Big 6" banks posted tempered mortgage growth…
