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
Looking Beyond the Big Banks: How Playing the Mortgage Field Could Save You Thousands Mar 3rd
When it comes to your mortgage, there’s no need to settle for the most obvious options. When the time comes to buy a house, most Canadians rely on only the ‘big six’ banks to find a competitive interest rate. An HSBC study from last year shows Canadians are among the least likel.... More »
Mortgage borrowing slides to lowest since 2014 + MORE Jun 14th
Canadian mortgage borrowing over the first three months of 2018 fell by $2 billion to $13.7 billion — the lowest level since 2014 — following the introduction of new lending rules and a rise in interest rates..... More »
Looking to boost Cash Flow? New Flexible Mortgage could be a game-changer! + MORE Aug 1st
There’s a great new flexible interest-only mortgage product that could prove beneficial for a number of borrowers, including first-timers, real estate investors, professionals, seasonal workers and others looking for lower monthly mortgage payments.
Designed to help borrowers increase monthly .... More »
Don’t Fear the Digital Future of the Mortgage Industry + MORE Dec 15th
There’s no denying the mortgage industry—like many others—is in the midst of a digital transformation. Depending on your perspective, that’s something that can either be feared or embraced as a new opportunity. The fear, of course, is that as the industry moves towards greater automa.... More »
Under-35 households lead the way in reducing mortgage debt, StatCan reports + MORE Jan 27th
Canada's youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022..... More »
BMO, CIBC boost rates on mortgages ahead of expected BoC rate hike
– theglobeandmail.com
The moves come days after Royal Bank of Canada and Toronto-Dominion Bank both boosted their own posted rates
Hot condo market drives 10 per cent rise in Montreal area home sales in June
– canadianbusiness.com
The Greater Montreal Real Estate Board says area home sales increased by 10 per cent in June, driven by a hot condo market.
There were 3,952 properties sold last month, the highest level for June in eight years.
The data comes amid concerns that a 15 per cent foreign buyers’ tax in the Greater Toronto Area could have a spillover effect on Canada’s second-largest city.
Quebec’s finance minister has said he has no plans in the near term to introduce such a tax since foreigners accounted for only about 1.5 per cent of all Montreal-area sales in the first nine months of 2016, according to the Canada Mortgage Housing Corp.
Housing sales in June were aided by a 17 per cent increase in sales on the Island of Montreal.
Condominium sales were up 20 per cent, marking a steady increase for a second consecutive month, while sales of single family homes rose four per cent.
The average price of Montreal area homes was $362,207 for June, up six per cent from a year ago. The average price for single family homes rose nine per cent to $396,367…
There were 3,952 properties sold last month, the highest level for June in eight years.
The data comes amid concerns that a 15 per cent foreign buyers’ tax in the Greater Toronto Area could have a spillover effect on Canada’s second-largest city.
Quebec’s finance minister has said he has no plans in the near term to introduce such a tax since foreigners accounted for only about 1.5 per cent of all Montreal-area sales in the first nine months of 2016, according to the Canada Mortgage Housing Corp.
Housing sales in June were aided by a 17 per cent increase in sales on the Island of Montreal.
Condominium sales were up 20 per cent, marking a steady increase for a second consecutive month, while sales of single family homes rose four per cent.
The average price of Montreal area homes was $362,207 for June, up six per cent from a year ago. The average price for single family homes rose nine per cent to $396,367…
The Bank of Montreal and CIBC have each hiked some of their mortgage rates — a move that comes as the market is widely anticipating an increase next week in the key benchmark rate set by the Bank of Canada.
OSFI Proposes Tighter Mortgage Underwriting Standards
– canadianmortgagetrends.com
Exactly one year after OSFI said it would review its B-20 guidelines and scrutinize underwriting standards further, the banking regulator made good on that promise. The Office of the Superintendent of Financial Institutions (OSFI) released various proposals on Thursday to further tighten mortgage underwriting standards at federally regulated lenders. The biggest change is the implementation of a stress […]
