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
Is Canada’s mortgage stress test still relevant? Aug 24th
Earlier this month, the Bank of England scrapped its mortgage affordability stress test. With mortgage rates presumably approaching their peak for this rate-hike cycle, some are wondering if changes to Canada's stress test are overdue.
.... More »
Long-term mortgage rates are falling. Is it time to lock in? + MORE Apr 4th
Locking in or not depends on many factors, experts say, including whether the penalties for breaking a current mortgage make sense and if you think rates are going up or down..... More »
Because not everyone fits into the same box Dec 11th
You might have seen the headline “HSBC crushes mortgage records with 0.99% variable rate”. No doubt about it, this is a great rate. However, it’s not for everybody. It is important to remember, like most deals, there are some restrictions. Among other things this offering is li.... More »
Looser Mortgage Standards Hit the UK! Is Canada Next?! Aug 28th
There’s nothing surprising about the loosening of mortgage standards to spur growth. In the last real housing bubble of 1990, banks and government brought in stricter lending rules, making it tougher for borrowers to get a mortgage.
Fast forward to the present. We’ve yet to see a housin.... More »
How the Bank of Canada’s interest rate works—and why it’s rising + MORE Apr 13th
The Bank of Canada has raised its policy interest rate by half a percentage point for the first time in decades, a move intended to slow runaway inflation. The rate hike brings the Bank’s policy interest rate, also known as the overnight rate, up to 1% from the previous 0.5%.
It’s the s.... More »
Personal debt level concerns are overblown…!
– canadamortgagenews.ca
There’s a lot of talk in the media about Canadians carrying too much debt. We’re getting hammered with messages of ‘record high personal debt levels’. It’s true. Our mortgage balances are higher, car loans are higher, student loans are higher, personal loans and lines of credit balances are higher. Is this a problem? […]
Life as a New Broker
– canadianmortgagetrends.com
Ever-evolving mortgage rules and lender guidelines can be a lot to take in, even for the most experienced brokers in our industry. Now imagine that you’re just beginning your career as a mortgage broker. Not only do you have to wrap your head around these changes, but you have a host of other challenges: finding business, learning lender and insurer guidelines, competing against online discounters, creating an internet presence, building lender status, and so on and so on. For young brokers, it’s important to know how other new agents are handling these challenges. So we decided to reach out to Kamloops, B.C. broker Ryan Smith. Smith has been READ MORE
A Recession Reversal
– ratesupermarket.ca
Is Canada’s recession already history? The latest data from Stats Can shows a small – but steady – turnaround in our economy’s driving forces. We’ve summed up what that means – from your wallet to your mortgage rate.
Speaking of mortgages, our latest expert panel has spoken on this month’s rate trends. Read on for the full story.
Should You Accept That Pre-Approved Credit Limit Increase?
Is it ever a good idea to accept a pre-approved credit limit increase? Turns out, upping your limit can be good for your credit score – but it does come with additional debt pitfalls. Here’s what you need to know about increasing your credit limit – and whether you should turn it down.
Read Amanda’s Blog |Should You Accept That Pre-Approved Credit Limit Increase?
Is The Recession Behind Us?
Is Canada back on track for improvement? The latest data from Statistics Canada show the economy enjoyed some growth during the third quarter, reversing the doom and gloom trend reported previously this year…
