Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Latest in Mortgage News: Toronto and Vancouver Home Sales Up 25+% in October Nov 7th
The postponed spring housing market has now extended its run well into the fall, with home sales in Toronto and Vancouver up 25% and 29%, respectfully, compared to a year ago. The high demand is continuing to put pressure on prices as well. The average selling price for all home types in Toronto ros.... More »
What Impact will the Stress Test have when Renewing Your Mortgage? Feb 28th
So, your mortgage is coming up for renewal this year. You’ve probably been in your mortgage for at least three years – but likely closer to five, as this is the most common term.
Does the mortgage stress test affect you? Absolutely! And, here’s how…
SCENARIO 1: Your current.... More »
How To Navigate Today’s Economy Oct 17th
Rumour has it the worst is yet to come. On October 26th, Bank of Canada Governor Tiff Macklem will very likely increase rates by another 0.50%. Not only will this push the bank prime rate up to 5.95% – it could lead to the average 5-year fixed rate mortgage well above 6.00%. What a mess. As I .... More »
New Capital Regs Coming This November + MORE Apr 30th
The cost of funding a mortgage is going up again, thanks to new federal regulations due this fall. Canada’s banking regulator (OSFI) announced Friday that it will “change” (read increase) regulatory capital requirements on mortgages. The rule change takes effect November 1, 2016, after a publi.... More »
Canadians want to age in place and are turning to reverse mortgages to make that happen May 28th
More than 9 out of 10 Canadians want to be able to live out their retirement years in the comfort of their home, and reverse mortgages are increasingly being used to make that a reality..... More »
President's Choice Fin'l – 2 year Closed : 3.24% (0.09%)
– ratesupermarket.ca
President’s Choice Fin’l 2 year Closed mortgage rate was changed on September 25, 2013
President's Choice Fin'l – 5 year Closed : 4.09% (0.1%)
– ratesupermarket.ca
President’s Choice Fin’l 5 year Closed mortgage rate was changed on September 25, 2013
President's Choice Fin'l – 6 year Closed : 4.27% (0.13%)
– ratesupermarket.ca
President’s Choice Fin’l 6 year Closed mortgage rate was changed on September 25, 2013
Another US Govt shutdown… could mean lower mortgage rates for Canada.
– canadamortgagenews.ca
Remember the U.S. Debt ceiling crisis in the summer of 2011? Panic was an understatement. That story dominated headlines for close to 2 months. Stock markets dropped, but mortgage rates dropped, too. In fact, fixed wholesale mortgage rates dropped 0.50% in the months leading up to the Debt Ceiling deadline, from June […]
Mortgage Career of the Week
– canadianmortgagetrends.com
Company: Home Trust Company Position Title: Business Development Manager Previous Experience Required: Minimum of 3 years Licences or Registrations Required: No Location of Position: Durham Region, Ontario Applicants may contact:…
