Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
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 »
How Canada’s Mortgage Lenders Adapted to the ‘New Normal’ Dec 14th
The COVID-19 pandemic and the resulting nationwide lockdown forced the country’s mortgage lenders—like many businesses across the country—to adjust their operations in this unprecedented and brave new world of conducting business. They were faced with keeping the country’s mortgage de.... More »
Best of Finance Winners: The Best Credit Cards and Banking Products for 2019 + MORE Oct 10th
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 ho.... More »
New Rule Targets HELOC Holders Seeking a Second Mortgage + MORE Nov 9th
The word is out on a little-known policy used to qualify anyone with a HELOC who is applying for additional financing. Several of the Big Six banks have already adopted the policy, which requires applicants to prove they can afford the theoretical monthly HELOC payment based on the limit of that HEL.... More »
Ask the Expert: Can the new Liberal housing plan solve Canada’s housing crisis? Jun 14th
Recently, Prime Minister Mark Carney and the Liberal party unveiled Building Canada Strong, a new ambitious housing plan to accelerate residential construction with the goal of building 500,000 homes a year.
Their most notable policies include cutting development fees for new cons.... 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 […]
How to pick the right mortgage amid growing uncertainty over rates
– theglobeandmail.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
