As bond yields fall, mortgage providers are cutting fixed mortgage rates + MORE Dec 1st

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

The importance of effective listening to your success as a broker + MORE Dec 16th

As mortgage brokers look for ways to stand out in a competitive industry landscape, it’s increasingly important to consider the impact that clear and concise communication can have on service levels..... More »

Lowest mortgage rates rise above 4% as bond yields surge Dec 12th

A sharp rise in bond yields has pushed fixed mortgage rates higher, undoing weeks of declines and signalling a stubborn pricing floor for borrowers..... More »

Canada mortgage renewal shock coming: CMHC - CityNews Vancouver + MORE Nov 10th

Canada mortgage renewal shock coming: CMHC CityNews VancouverBank of Canada warns mortgage borrowers may face higher rates upon renewal CBC News2.2M mortgage holders will face ‘interest rate shock’ in next 2 years: CMHC Global NewsMortgage holders concerned about.... More »

Where to find a home under $1 million in Canada + MORE Sep 4th

If you figured you’d never be able to buy a home in Canada, we have some good news: home prices have been stalled or falling in most of the country’s major markets over the past two years. Mortgage rates are higher than they were five years ago, which affects the size of monthly payments, but th.... More »

U.S. banks snatch up MBS that notched best returns since 2002 + MORE Jan 8th

Flush with deposits, U.S. banks are buying up mortgage bonds and betting that the asset class will get a further boost in 2026 from relaxed capital rules..... More »

New year, new spending habits

– moneysense.ca

Money-wise, it’s been a challenging year for Canadians but the new year is also a chance to build better strategies around how you spend money. Steer clear of these three common pitfalls for financial success in 2023.

Money mistake #1: Not paying off debt quickly

If you’re in the red, you’re not alone. In 2022, Canada’s mortgage load experienced the biggest year-to-year jump in more than a decade, and everyone is feeling the pinch as inflation raises the price of everything from groceries to holiday gifts. Budgets are tight, which makes paying off bills trickier.

Not all debt is created equal. Some debts, like a low-interest line of credit or a student loan with an interest-free grace period, might not be as pressing as those with higher interest rates. Overall, though, debt reduction is always a good strategy. That’s because, of course, over time the interest owing on a loan will really add up. In fact, an estimated 41% of Canadians carry a growing credit card balance every month…

Continue Reading On moneysense.ca »