Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Do I really need life insurance? + MORE Mar 11th
Life insurance shouldn’t be one of those things you put off thinking about—because you (and the people who depend upon you) could need it at any time. But many do wonder if it’s worth the monthly premiums. But what about you, how do you know if it’s necessary for you? And why do we need life.... More »
Why didn’t the Bank of Canada Gov cut rates last week? + MORE Sep 12th
WAS THIS A BIG MISTAKE?
Last week, Stephen Poloz, the Bank of Canada Governor, kept the Prime Rate as is during the 6th of their eight scheduled meetings for 2019. The Current Target rate is 1.75%. (Bank Prime rate is derived from this rate. Today’s Bank Prime rate is 3.95%..... More »
6 ways to pay off your mortgage faster + MORE Feb 16th
While the Bank of Canada has yet to raise their overnight rate—a rate that dictates what happens with variable mortgage interest rates—there are changes within the current Canadian mortgage climate.
In late 2016, TD Canada raised it’s variable rate mortgage—not just for new mortgage bus.... More »
What the latest BoC interest rate hike means for you + MORE Sep 7th
The Bank of Canada is hiking its benchmark interest rate by a quarter point to one per cent. So, what does that mean for people with credit card debt or a mortgage?
Economist Bryan Yu with Central 1 Credit Union says if you’re carrying a lot of debt on your credit card, you’ll probably start to .... More »
Taking on a “Fraction” of the Cost; Vancouver Start-Up Promises a Better Incentive for Home Buyers than CMHC + MORE Apr 2nd
An incentive for first-time home buyers offered through the Canadian Mortgage Housing Corporation (CMHC) was only announced a week ago, promising to provide $1.25 billion over three years to help lower mortgage costs for eligible Canadians.
However, a new company is now also promising to provide an.... More »
RBC announces ‘employee pricing for mortgages’.. and it’s April Fools day.
– canadamortgagenews.ca
RBC is coming out with their employee pricing program for mortgages… yet again. And like last year’s promotion, it deserves a closer look.. or at least some exposure. Last year, the program promised to “break through the clutter of price wars within the mortgage marketplace”, to quote Sean Amato-Gauci, Senior VP at RBC. […]
Broker Boot Sparks Questions
– canadianmortgagetrends.com
RateHub was the talk of the industry last week when it kicked Spin Mortgage, a Vancouver mortgage broker, off its website. (That story) The drama made national news, leading thousands of consumers to ask questions they had never pondered before, including these: #1 – What on earth is a rate comparison website? That’s not a joke. Millions of Canadians still don’t even know what rate sites are. As of last fall, only 16% of customers used them to research mortgages, according to a CAAMP survey. Slowly but surely, the media is spreading the word about these sites (that they aggregate mortgage READ MORE
IC Savings
– canadianmortgagetrends.com
Company: IC Savings Position: Mortgage Administrator Location: Toronto, ON Mortgage Administrator Reports To: Supervisor, Mortgage Administration Position Type: Full time, salaried Start Date: ASAP Location: Toronto, ON (may be subject to move to Etobicoke, ON in future) IC Savings is a financial cooperative that offers a full range of banking services including mortgages, chequing and savings accounts, and retirement and investment products. At IC Savings we’re proud to say that: “you’ll come for our great rates, you’ll come back for our service”. While we are rooted in the Italian community, we are committed to providing a READ MORE
