Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Canadian Mortgage Rates On The Rise, Threatening Housing Market: Experts + MORE Nov 25th
In the long-running debate over whether or not Canada has a housing bubble, there was one thing almost all experts agreed on: Low interest rates are one of the major things — if not the major thing — holding up Canada's high house prices.
Well, that pillar now appears to be evaporating. Interes.... More »
I have a home equity line of credit and rates are heading up fast. Am I in trouble? + MORE Apr 19th
If rates keep rising, your monthly interest payments could almost double. But there are some things you can do to protect yourself..... More »
Growing Trend: Buying Real Estate with Family and Friends + MORE Oct 25th
While it’s fairly common for those in tight rental markets to have a roommate to help split the rent, an emerging trend is buying real estate with a family member or friend. Faced with high home prices in big cities and tougher mortgage rules, including a new stress test on uninsured mortgages, it.... More »
Half of Canadians Would Rather Renovate than Relocate Mar 24th
A recent RateSupermarket.ca survey revealed over half of Canadians would choose to renovate their current home, instead of moving to a new home, if they had a budget of $50,000.
With the current high-interest-rate environment and introduction of stricter mortgage regulations, there has been great f.... More »
B.C. home sales struggle in May as mortgage rates rise and labour market stays weak + MORE Jun 14th
Rising mortgage rates and a weaker labour market are weighing on home sales in British Columbia, especially in the Lower Mainland. .... More »
2014 Mortgage Trends in Canada: A Year in Review
– ratesupermarket.ca
2014 may be drawing to a close, but speculation regarding this year’s mortgage market is far from over. Economists and home buyers alike are waiting with baited breath to see if 2015 will usher in change for borrowing costs and the housing market.
To better understand the market’s future direction, we’ve looked to the past; read on for the strongest trends seen within the mortgage market in 2014.
Also read: The Top Mortgage Moments of 2014>
What’s the Best Mortgage Feature?
No surprise here – home buyers value the lowest rate above all else when choosing a mortgage.
But the cheapest interest rate isn’t the only way to save money on your mortgage. Check out these 4 essential mortgage features to ask for to whittle your housing costs even further.
What’s In Store for the 2015 Mortgage Market?
They say all good things must come to an end… but that hasn’t been the case for the record-low mortgage rates that lingered throughout 2014. Several economic reports have stated a rate increase is inevitable, and could come as early as the later half of 2015…
INFOGRAPHIC: Mortgage Moments of 2014
– ratesupermarket.ca
Did you get a mortgage in 2014? If so, congratulations – you likely scored one of the most competitive rates ever seen in Canada. It’s been a very eventful year, as lenders continued to compete with record-low offerings – a silver lining as the overall affordability of housing dwindled in our nation’s biggest markets – all while speculation raged that central rates would rise at any moment.
Also read: The Top Mortgage Trends of 2014>
Want to catch up on the action? As part of our annual Best of Finance Awards, we’ve rounded up the top mortgage events of the year – check it out below.
The post INFOGRAPHIC: Mortgage Moments of 2014 appeared first on MoneyWise.
Mortgage Career: Equitable Bank
– canadianmortgagetrends.com
Company: Equitable Bank Position: Regional Business Manager (Single Family Residential) Location: Edmonton, AB Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Regional Business Manager (Single Family Residential) Come Join Equitable Bank Equitable Bank is a federally regulated Schedule I bank with total assets of approximately$12 billion, […]
Household debt climbs to 167% of disposable income
– moneysense.ca
(JGI/Jamie Grill)TORONTO – Canadian household debt hit a record high during the third quarter, as it grew at a faster pace than disposable income, according to the latest figures from Statistics Canada.
The total amount of credit market debt — which includes mortgages, non-mortgage loans and consumer credit — held by Canadian households increased to 162.6 per cent of disposable income during the quarter, from a revised 161.5 per cent in the previous quarter.
That means Canadians owed about $1.63 for every dollar of disposable income in the third quarter.
The previous record of 161.7 per cent was set in the third quarter of 2013.
RBC economist Laura Cooper said the high ratio of debt relative to net worth will reinforce the Bank of Canada’s cautious approach to raising its benchmark interest rate.
“Consumers have amassed record levels of outstanding debt as a protracted period of depressed borrowing rates has sustained buoyant housing market activity,” Cooper said in a note…
An Updated Look at Insured Mortgage Risk
– canadianmortgagetrends.com
We got a new profile of insured mortgage borrowers last Wednesday. It came from Genworth Canada’s Investor Day where the company briefed shareholders on the its current risk profile. The nation’s second-largest default insurer says government changes have made its portfolio “much more resilient to any sort of housing correction or external shock,” and the facts that follow […]
