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
You bought a home—should life insurance be next? + MORE May 9th
Buying a home is one of the biggest financial milestones for young Canadians, and one of the riskiest. For many households, a mortgage becomes the single largest expense they’ll ever take on, often requiring two incomes to keep it manageable.
That reality is driving more homeowners to buy life .... More »
The Latest COVID-19 Mortgage News: Toronto Real Estate Sales Plunge 37% + MORE Apr 1st
New data suggests homes sales in Toronto dropped 37% last week compared to the same time last year, according to Realosophy Realty. The firm also says cancelled listings jumped by 27% as thousands of Canadians now find themselves out of work, putting into question the near-term future of Canada̵.... More »
Newton Challenges the D+H Franchise Feb 26th
For the first time in forever, D+H has a major threat to its mortgage software dominance. Newton Connectivity Systems—the old Marlborough Stirling Canada, and a Dominion Lending Group company—is launching “Velocity.” Velocity is a cloud-based desktop for mortgage brokers. In a nuts.... More »
Surviving the Sprint to the Bottom Jul 5th
Lots of brokers out there criticize rate buydowns. They argue that buydowns cause a “race to the bottom” in mortgage pricing. If that’s how you feel as a mortgage broker, take solace. The race isn’t far from the finish line. Online mortgage rates have already plunged to levels where some bro.... More »
Romy Bowers Named New CMHC CEO as Outgoing Evan Siddall Addresses Off-the-Mark Forecasts + MORE Mar 5th
The Canada Mortgage and Housing Corporation has named its new CEO, capping what has been an extended search to replace outgoing chief Evan Siddall. Romy Bowers, CMHC’s current Vice President of Client Solutions, will succeed Siddall and officially begin her five-year term starting April 6. .... More »
Bank of Montreal – 5 year Variable Closed : 3.00% (-0.1%)
– ratesupermarket.ca
Bank of Montreal 5 year Variable Closed mortgage rate was changed on September 06, 2013
Dominion Lending Centres Canada – 4 year Closed : 3.19% (0.1%)
– ratesupermarket.ca
Dominion Lending Centres Canada 4 year Closed mortgage rate was changed on September 04, 2013
Dominion Lending Centres Canada – 3 year Closed : 3.09% (0.1%)
– ratesupermarket.ca
Dominion Lending Centres Canada 3 year Closed mortgage rate was changed on September 04, 2013
Mortgage Rates. What Now?
– canadianmortgagetrends.com
We’re at one of those points in the economic cycle where mortgage rates get especially confusing. On the one hand, we see the Bank of Canada confirming that it has…
Economists keep rosy view for 3 pct US growth starting in 2Q of 2014; see unemployment lower
– canadianbusiness.com
Business forecasters maintained their rosy view of the U.S. economy in 2014, predicting 3 per cent growth by the second quarter of next year, low inflation and improving employment.
The top economists surveyed by the National Association of Business Economics between Aug. 8 and Aug. 20 also said there’s an 80 per cent likelihood that the pickup in growth will prompt the Federal Reserve to trim its monthly $85 billion purchases of mortgage bonds and Treasury bills next year.
The NABE’s 43 respondents said in a report released Monday that there’s a 45 per cent chance the Fed will begin its so-called “tapering” as early as this year.
But economists trimmed their expectations for the second half of 2013 since the last survey, in May.
The economists predicted that real gross domestic product would grow at a 2.3 per cent annualized rate in the third quarter through September, down from 2.5 per cent seen earlier; and 2.6 per cent in the fourth quarter, down from 2…
The top economists surveyed by the National Association of Business Economics between Aug. 8 and Aug. 20 also said there’s an 80 per cent likelihood that the pickup in growth will prompt the Federal Reserve to trim its monthly $85 billion purchases of mortgage bonds and Treasury bills next year.
The NABE’s 43 respondents said in a report released Monday that there’s a 45 per cent chance the Fed will begin its so-called “tapering” as early as this year.
But economists trimmed their expectations for the second half of 2013 since the last survey, in May.
The economists predicted that real gross domestic product would grow at a 2.3 per cent annualized rate in the third quarter through September, down from 2.5 per cent seen earlier; and 2.6 per cent in the fourth quarter, down from 2…
