Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Are Toronto House Prices Headed Back to 2016 Levels? + MORE Feb 13th
Concern is growing that Canada’s largest housing market may be about to experience a new round of froth, similar to that seen in 2016. Back then, red-hot housing markets in the Greater Vancouver and Toronto Areas ultimately forced the federal government to introduce the 2016 and 2018 mortgage stre.... More »
RBC warns of rising mortgage losses through 2025 with upcoming renewals + MORE Sep 4th
BoC rate cuts will ease pressure, but mortgage renewal shocks still loom, RBC says.... More »
Reverse mortgages are on the rise, but are they the right choice? Feb 21st
The number of reverse mortgages has surged recently. Experts caution it’s worth exploring all other options first, like lines of credit and downsizing..... More »
It’s Financial Literacy Month Nov 10th
We’re celebrating Financial Literacy Month!
Join Senior Economist, Ted Tsiakopoulos and Mortgage Broker, Steve Garganis Thursday, Nov 12, 2020, at 1:00 PM Eastern Time for a chat about budgets, savings, debt, and more.
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Register Now: https://buff.ly/3lhmUl3
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Prime rate falls to 6.70%, making variable rate mortgages more attractive + MORE Jul 26th
Variable-rate mortgage holders received positive news on Wednesday as major lenders reduced their prime rate following the Bank of Canada's rate cut earlier in the day..... More »
Best of Finance Winners: The Best Credit Cards and Banking Products for 2019
– ratesupermarket.ca
RateSupermarket.ca aims to make financial decision-making easier for the consumer by acknowledging the best credit cards and banking products in Canada at its annual Best of Finance Awards. (Originally published May 15, 2019)
The credit card, loan, bank account, or mortgage you choose can affect how the future of your money, how investors and lenders look at your portfolio, potential job offers, the type of house you can rent or buy, and even the type of cell phone plan you get (pro tip: good credit may mean better deals!).
That being said, the world of personal finance, credit and investing can be a daunting one to navigate. Everyone has a unique lifestyle and budget which may lead them to choose a specific credit card or banking product over another. And it’s imperative to do your research before signing on the dotted line. With so many options available, choosing the best product can be difficult.
That’s why we at RateSupermarket.ca annually audit Canadian credit cards and banking accounts to see how they stack up against each other…
Q3 2019 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
Canada’s big banks saw moderate mortgage growth in the third quarter in the midst of worsening macro economic conditions. The headwinds seem most pronounced for CIBC, which announced recently that it’s in the process of reorienting its mortgage strategy after “falling short” for investors. The bank, which has nearly 45% of its mortgage portfolio comprised […]
