Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Mortgage expert alert: Will the Iran War and rising inflation offer a buying opportunity in 2026? + MORE Apr 9th
Escalating tensions in the Middle East have erupted into war between the US and Iran. Spiking oil prices from Strait of Hormuz blockages are already having an immediate, aggressive impact on your wallet, your household expenses, and crucially, your mortgage.
Historically, moments of extreme globa.... More »
The best 5-year fixed mortgage rates in Canada + MORE Aug 29th
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance .... More »
Steps to getting the perfect mortgage for you + MORE Jun 14th
If you’ve been saving for a home, you might be thinking now is the time to buy. Whether you’re a first time buyer or a current homeowner, buying a new home means making tough decisions. We’re here to make sure that you have a good enough understanding of mortgages before you jump right in. He.... More »
Up Your Digital Game Dec 6th
“There is not digital strategy, only strategy in a digital world.” Andrew Lo, COO at Kanetix Ltd., shared that maxim at last week’s MPC National Conference. His message: It’s time for brokers and lenders to stop thinking of customer experience online as being distinct from customer experie.... More »
Not just new buyers: Mortgage stress test rules putting the squeeze on renewals, too + MORE May 15th
It's not just new homeowners who are feeling the impact of higher interest rates and tougher lending standards: even those who've already bought are feeling the heat..... More »
Bond Yields are up… will Fixed Mortgage rates follow?
– canadamortgagenews.ca
Fixed mortgage rates are tied closely to the Govt of Cda bond yields. And bond yields are up… Since mid April, the 5 yr Gov of Cda bond yield has gone from 0.75% to 1.07%. That’s a 0.32% jump. Normally, we would see fixed mortgage rates go up. So far, no increase. […]
Financial Services Commission of Ontario
– canadianmortgagetrends.com
Company: FSCO Position: Policy Manager, MBRCC Location: Toronto, ON Policy Manager, MBRCC On behalf of the Mortgage Broker Regulators’ Council of Canada (MBRCC), the Regulatory Coordination Branch of the Financial Services Commission of Ontario (FSCO) seeks a highly committed, innovative, motivated and results-oriented individual to assume a national role as Policy Manager of the MBRCC Secretariat. What can I expect to do in this role? In this role, the Policy Manager will: provide expert advisory services and policy recommendations on cross-jurisdictional mortgage broker regulatory issues to members of MBRCC and its committees support all MBRCC initiatives and activities as READ MORE
Your Biggest Mortgage Misconceptions
– ratesupermarket.ca
Are you a savvy home buyer… Or do you have your head in the sand? Despite the gravity Canadians place on home ownership (92% felt it’s an important life milestone in our recent survey), a surprisingly large number of us are still unclear on the home buying process.
This week, we’ve explored some of the biggest mortgage misconceptions: from reading your agreement to avoiding a bidding war, read on to learn more.
How a Bidding War Can Cost You Your Mortgage
In Canada’s hottest markets, engaging in a bidding war when house hunting is the norm. But your bank may not agree with your new home’s value – and they won’t cough up the funds you need for a mortgage. Here’s what you need to know about bidding wars, and when to walk away from one.
Read Allan’s Blog | How a Bidding War Can Cost You Your Mortgage
May Mortgage Rates to Rise Amid Global Bond Sell Off
Well… those record lows couldn’t stick around forever. Fixed mortgage rates may be in for a small hike this month as bond yields rise, according to our expert Mortgage Rate Outlook Panel…
Broker Market Share – Q1 2015
– canadianmortgagetrends.com
First-quarter market share data is in and the numbers are strong. Volumes in the mortgage broker channel are up 21% from the same time last year, according to D+H data provided by sources. The split of variable-rate mortgages increased noticeably as well, to roughly 28% of brokered mortgages at the end of March. That’s almost a three-year high. Variable mortgages had their biggest share back in May 2011 (our records go back six years), when roughly 44% of broker customers chose floating-rate mortgages. Here’s a look at the market share for leaders in the broker space as of first-quarter 2015… Rank Lender Market Share* 12 Mo Change 1 READ MORE
