Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Locked Out of the Market: How the Mortgage Stress Test Could Be Hurting Homebuyers Mar 12th
It was created with the intention of saving Canadians from becoming over-burdened with their mortgages, but some critics of the Canadian government’s mortgage stress test say it is slamming the door on first-time homebuyers who would otherwise be able to break into the market. In a recent opi.... More »
Some banks rethinking strategy on home mortgage competition + MORE Sep 7th
Some Canadian banks say they're starting to question how aggressively they go after mortgage customers amid intense competition..... More »
How Canada’s Small Businesses Can Create Resilient Futures Oct 14th
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Created by
Adam Kirsh, AVP Salesforce Canada
Instead of ‘doomscrolling’ — otherwise known as obsessively checking social media for negative stories about the pandemic and .... More »
Clock ticking for Ontario mortgage brokers to complete required training + MORE Feb 13th
More than 17,000 agents and brokers must log mandatory training hours — including a new professional development requirement — with FSRA by March 31 to renew their licences..... More »
Millennials Could Be Hit Hardest by the Bank of Canada’s Interest Rate Hike + MORE Jun 3rd
Canadians, get ready to pay more to borrow money: The Bank of Canada, or BoC, announced a 0.50 per cent interest rate hike today to tame inflation, bringing its key interest rate up to 1.5 per cent, and signalled more hikes will come.
After slashing its key interest rate to 0.25 per cent at the o.... More »
Bridgewater’s New Gateway Mortgage
– canadianmortgagetrends.com
Bridgewater recently unveiled its “Gateway” product, a conventional mortgage for homeowners with credit and/or income provability issues. It’s meant to be short-term financing (one to three years) until a borrower can qualify for better-priced long-term financing. Todd Poberznick, AVP B2B Solutions, provided these details: On what makes the Gateway Alt-A mortgage unique: Three things, he says: “…We will […]
