Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Frustrated with mortgage tech? You’re not alone + MORE Feb 14th
For the past few years, mortgage brokers have been presented with a seemingly non-stop barrage of new mortgage technology..... More »
CMHC moves to make it easier for self-employed to get a mortgage Jul 23rd
Self-employed Canadians seeking to buy a home may soon find it easier to secure a mortgage in the wake of changes announced by Canada Mortgage and Housing Corp..... More »
Why A Competitive Grocery Market Is Good For Consumers, Bad For Investors + MORE Nov 20th
There’s never been a better time to shop the aisles of your local supermarket. Retailers have ramped up deals and lowered prices like never before in this ultra-competitive marketplace. This may be a big win for consumers, but it comes at the expense of the bottom line of grocery retailers. And, .... More »
Lowest Winnipeg mortgage rates: Save with Cambrian Credit Union May 12th
When Canadians need a mortgage, they often default to the big banks—but there’s a whole other world of financing options to explore. Credit unions have competitive interest rates in Canada, including Manitoba, plus innovative mortgage options you may not be able to find elsewhere. Shopping aroun.... More »
Inside RBC’s acquisition of mortgage fintech Pinch Financial Mar 13th
The Toronto fintech will gain access to RBC’s infrastructure and 17 million clients, but says its platform will remain open to non-RBC partners..... More »
Dominion Lending Centres Canada – 4 year Closed : 3.09% (-0.2%)
– ratesupermarket.ca
Dominion Lending Centres Canada 4 year Closed mortgage rate was changed on July 27, 2013
Bank of America may be facing civil charges over mortgage backed securities and other mortgage-related matters.Spotlight On Mortgages: August 2, 2013
– ratesupermarket.ca
Mortgage Defaults On The Decline: Genworth
Fewer Canadians are defaulting on their mortgage loans this year, according to the Q2 earnings report released by Genworth MI Canada this week. Genworth, a private mortgage insurer that provides default coverage for high-ratio borrowers (an alternative to coverage provided by the CMHC), reported that losses on default claims are $9 million lower than in Q1, and $13 million lower year over year.
The decline indicates that the number of high loan-to-value borrowers is dropping. While this is due in part to last summer’s CMHC rule changes squeezing some buyers out of the market, fewer defaults also suggest that Canadian credit situations are improving amid a strengthening economy.
The insurer also noted that business is booming with a net income of $88 million – a sign of a healing mortgages market.
“Our business continues to perform well,” stated Brian Hurley, Genworth chairman and chief executive officer, in a release. ”A balanced housing market, stable economic climate and strong portfolio quality have all contributed to the positive trends in our business, in particular our loss performance…
A New Mortgage Awards Night
– canadianmortgagetrends.com
The movie business has a lot of big industry-wide awards nights: the Golden Globes, Oscars and People’s Choice, for example. But Canada’s mortgage business has had just one: CMP’s Canadian…
Dominion Lending Centres Canada – 3 year Closed : 3.09% (0.15%)
– ratesupermarket.ca
Dominion Lending Centres Canada 3 year Closed mortgage rate was changed on July 26, 2013
