BREAKING NEWS: M3 Mortgage Group Acquires VERICO + MORE Sep 22nd

Learn more about Canadian mortgage rates, rules and the latest news – read on!
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Credit Scores Improving, Says CMHC + MORE Sep 28th

New data from CMHC shows average credit scores of mortgage holders across the country are continuing to rise. A full 80.7% of mortgages in Canada are held by borrowers with a “very good” (700-749) or “excellent” (750+) credit score, CMHC says. That’s up from 78.2% in 2012. Meanwhile, t.... More »

External Factors a Wild Card in GTA Housing Market Forecast Oct 1st

Among external factors that affect housing markets, two are by far the most important and both are more or less directly controlled by the federal government. The first is policy regulation that defines the rules and parameters under which mortgage loans can be originated. The second is the interest.... More »

Mortgages: The Digital Future Oct 7th

Most of the financial world is already heavily invested in online distribution. And then there’s the mortgage business. Our industry is scampering to catch up. But catch up it will…and soon. That was the vivid takeaway from last week’s 2nd annual Digital Mortgage Conference in San Francisco. I.... More »
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OSFI’s New Mortgage Rules: Why Homebuyers Should Apply Now + MORE Oct 22nd

Effective Jan. 2018, all Canadians applying for a new mortgage will be subject to a stricter set of rules before approval, including a stress test to assess if they could still make mortgage payments in the event interest rates rise. The new guidelines are published in the Residential Mortgage Unde.... More »

BREAKING NEWS: M3 Mortgage Group Acquires VERICO

– canadianmortgagetrends.com

It’s one of the biggest broker channel acquisitions in Canadian history. M3 Mortgage Group is buying broker network VERICO Financial Group. M3, which already owns Multi-Prêts, Mortgage Alliance, Invis and Mortgage Intelligence, will control an estimated 40+% of the broker market when this is done. The group’s combined submission volume will exceed $40 billion, making […]

Continue Reading On canadianmortgagetrends.com »

There’s rising uncertainty among borrowers as lenders hike rates to reflect rising bond yields. Here’s how to tilt the odds in your favour

Continue Reading On theglobeandmail.com »

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