Interested in learning more about property mortgages in Canada? Look no further!
Latest News
B.C. home sales to fall as interest rates rise, but prices stay strong: BCREA + MORE Mar 10th
VANCOUVER _ Real estate experts in British Columbia predict residential home sales will dip this year but remain well above the province’s 10-year average, although they warn rising interest rates could leave some B.C. households “vulnerable.”
The British Columbia Real Estate Assoc.... More »
Mortgage Career: ICICI Bank Canada + MORE Apr 18th
Company: ICICI Bank Canada Position: Business Development Manager (Vancouver & Lower Mainland, B.C.) Location: Vancouver & Lower Mainland, BC Send resume to: careersca@icicibank.com Business Development Manager (Vancouver & Lower Mainland, B.C.) Relevant Work Experience: 3+ years .... More »
How to Improve Your Credit Score – Student Edition Aug 29th
This series by personal finance specialist Amanda Reaume focuses on how to improve something that many people overlook: your credit score. These posts will give you tips and tricks to improve your chances of getting approved for better rates when you apply for credit – leading to better student l.... More »
Q2 2020 Bank Earnings – All About Provisions and Mortgage Deferrals + MORE Jun 19th
For the second-quarter earnings season, all eyes were on the Big 6 banks’ credit loss provisions and mortgage payment deferral programs. With the onslaught of COVID-19, the banks granted payment deferrals to more than 700,000 Canadians to help prevent a wave of defaults. In their second-quarte.... More »
BIG NEWS: Mortgage includes Self-Employed Business Income and Best Rates! + MORE May 3rd
This is probably the biggest positive mortgage lending change in 10 years. A major lender has just announced a new program for self-employed individuals!
For the last several years, mortgage lenders were not including any business income when qualifying for a mortgage.
In other words, if you owned.... More »
Xceed Mortgage Corporation
– canadianmortgagetrends.com
Company: Xceed Mortgage Corporation Position: Business Development Manager Location: Vancouver, British Columbia Business Development Manager | British Columbia & Manitoba MCAN Mortgage Corporation is a public company listed on the TSX under the symbol MKP since 1991. MCAN’s primary objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages focused on single-family residential and residential construction loans, as well as other types of loans and investments, real estate and securitization investments. MCAN is the only publicly listed Mortgage Investment Corporation that is regulated by the Office of the Superintendent of Financial Institutions. READ MORE
Half Of Canada's Housing Markets Now ‘Very Weak': BMO
– walletpop.ca
Even as the Bank of Montreal lowers mortgage rates in what has become a traditional springtime mortgage rate war, the bank’s research division is warning that half of Canada’s housing major housing markets are “very weak.”
BMO’s housing market scorecard slaps that label on 10 of 22 housing markets, including Calgary, Edmonton and Ottawa, with another three markets, including Montreal, just called “weak.”
Only three markets are ranked as “strong,” and all three are previously depressed housing markets in Ontario’s rust belt — Hamilton, St. Catharines and Windsor.
The remainder, including Toronto and Vancouver, are labelled as “balanced.”
The BMO analysis compares home sales and prices against that city’s historic norms to determine whether the market is ‘weak” or “strong.”
With housing markets across the country going in different directions, “location has become increasingly important,” BMO senior economist Robert Kavcic writes.
That applies even within cities…
Bank of Montreal said Tuesday it is lowering the interest rates on its five-year, fixed-term mortgage, effective immediately, to 2.79%
BMO cuts key mortgage rate amid fears of lofty housing market
– theglobeandmail.com
Cutting its five-year fixed mortgage rate to 2.79 per cent from 2.99 per cent
MCAP Value-Flex – Mortgage of the Year
– canadianmortgagetrends.com
Each year CMT selects the new mortgage from the prior year that had the most positive impact on the mortgage market. This year’s choice was relatively easy, for two reasons. For one, there weren’t many innovative products launched in 2014. But more importantly, there was clearly no new product that had as much effect on consumers as MCAP’s Value-Flex. The Value-Flex came to market loaded with features, including a 20% annual lump-sum prepayment option, optional 20% annual payment increases, a fair penalty (for early termination), portability, blend and increase ability, online account access, a purchase plus improvements option and convertibility (on the variable-rate READ MORE
