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
5 Quick Reasons Why You Should Buy a Home Now During the Off-Season + MORE Jan 11th
Though the real estate market is nowhere as hot as it was, let’s say, two years ago, the fact of the matter is that home prices are going down, and some people are still looking to buy. Rising interest rates and a stricter mortgage stress test may have led to a decline in affordability, but i.... More »
Broker Market Share – Q4 2014 + MORE Mar 26th
We just got our paws on year-end market share data for lenders in the broker channel. One stat jumped out in big neon lights. According to D+H data obtained from a source, the mortgage broker channel funded about 25% more volume in the fourth quarter of 2014 than one year prior. That’s a mas.... More »
For mortgage-breakers, not enough information about TMI: Roseman + MORE Sep 29th
You may think you'll pay only three months' interest to leave a five-year mortgage before the due date. Think again..... More »
Mortgage Digest: 5 big banks cut fixed mortgage rates following bond yield drop + MORE Feb 17th
Mortgage providers nationwide have been gradually lowering their fixed mortgage rates, including five of the country's Big 6 banks..... More »
New mortgage changes for 2024: Wider access to 30-year mortgages and more + MORE Sep 19th
Finance Minister Chrystia Freeland has announced changes to mortgage rules she says are aimed at helping more Canadians to purchase their first home.
“It is going to put the dream of home ownership in reach for more young Canadians,” Freeland told reporters Monday, announcing changes she sai.... More »
4 Money Pledges to Make in 2015
– ratesupermarket.ca
It looks like Canadians might need to make some New Year’s debt resolutions.
According to Stats Canada, the average household debt ratio – which includes mortgages, consumer credit and non-mortgage loans – climbed to 162.6 per cent of their disposable income in the third quarter of 2014.
But there is a silver lining says Pedro Antunes, executive director and deputy chief economist at The Conference Board of Canada. “We’re essentially looking at debt levels that have stabilized over the last two years, (after) growing very quickly through most of the 2000s,” he says. Once again, not the best news – but cause for a positive outlook headed into 2015.
Canadians Getting Savvier About Savings
Although it’s a slightly different economic indicator, Antunes points out that between household spending and saving rates, Canadians are looking stable in the saving category.
“In other words, less indebtedness and a little bit more savings from households in Canada,” he adds, noting that a rise in interest rates in 2016 will help to entice more Canadians to save their cash…
According to Stats Canada, the average household debt ratio – which includes mortgages, consumer credit and non-mortgage loans – climbed to 162.6 per cent of their disposable income in the third quarter of 2014.
But there is a silver lining says Pedro Antunes, executive director and deputy chief economist at The Conference Board of Canada. “We’re essentially looking at debt levels that have stabilized over the last two years, (after) growing very quickly through most of the 2000s,” he says. Once again, not the best news – but cause for a positive outlook headed into 2015.
Canadians Getting Savvier About Savings
Although it’s a slightly different economic indicator, Antunes points out that between household spending and saving rates, Canadians are looking stable in the saving category.
“In other words, less indebtedness and a little bit more savings from households in Canada,” he adds, noting that a rise in interest rates in 2016 will help to entice more Canadians to save their cash…
