Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
Less than 10 Percent of Canadians Could Buy a House in Toronto + MORE May 30th
Thinking about owning a home in Canada? It was only a few years ago that Toronto and Montreal were ranked among the best places to live with the cost of living as a contributing factor.
But the cost of ownership has now skyrocketed. In cities like Vancouver, Toronto and Montreal, only those in the .... More »
New year, better mortgage rates: Credit tips to get you there + MORE Jan 5th
As we step into a new year, it’s a great time to reassess your financial habits and ensure your credit profile is in top shape..... More »
Mortgage Brokers Get TD’s HELOC, At Last Oct 8th
After well over a decade in the market, TD is finally bringing its popular marquee product to brokers: the TD Home Equity FlexLine HELOC. Mortgage brokers have been bugging TD business development managers for this product for years. Until now, the bank has reserved HELOCs for its proprietary sales .... More »
Should I sell and rent or get a reverse mortgage? + MORE Jul 7th
I’m an 82-year-old widowed woman, and my savings are depleting fast. I feel privileged, as I have the luxury of owning my own two-bedroom, one-bathroom condo.
I have two options: to selI and rent a one-bedroom apartment, probably starting at $2,000 a month, or staying in my home and getting.... More »
2022 – Year in review Jan 3rd
As we turn the page on yet another tumultuous year, we wanted to take a look back at some of the top mortgage-related stories of 2022 and how mortgage rates fared..... More »
Broker Lender Market Share – Q3 2016
– canadianmortgagetrends.com
Mortgage volumes in the broker channel surged in the third quarter, up 9.6% year-over-year. That’s according to data from D+H. This data precedes the government’s transformative mortgage rule changes which kicked in on October 17 and November 30. The top 10 broker channel lenders accounted for 84.8% of broker volume, the most in seven quarters. That’s a trend that could strengthen in 2017 as the Department of Finance’s new rules injure small lenders. Here’s a look at the reported market share for all top-10 lenders in the broker business, as of last quarter… Rank Lender Market Share* 12 Mo Change 1 Scotiabank 20.0% +220 bps 2 First National 12.4% -300 READ MORE
