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
CMHC-Backed Report Calls for Annual Surtax on Homes Valued at $1M+ + MORE Jan 7th
A new report backed by Canada's national housing agency is calling for a home equity tax on houses valued at $1 million and more..... More »
You need long-term disability insurance. Now what? + MORE Apr 1st
Long-term disability insurance likely isn’t something you ever want to be in a position to need, but if ever you do need it, you’ll be grateful it’s there. Like short term-disability insurance, it provides financial assistance to an employee who is unable to work because of an accident.... More »
The latest in mortgage news: Government unveils details of its foreign buyer ban Dec 25th
The government unveiled details of its foreign buyer ban on residential properties earlier this week, just days before the rules are set to take effect..... More »
Making sense of the Bank of Canada interest rate decision on July 30, 2025 + MORE Aug 1st
There’s little change on the horizon for interest rates, as the Bank of Canada further entrenches into a holding pattern. The central bank chose to hold its trend-setting overnight lending rate—which is used by lenders to set their prime rates, and by extension, variable mortgage rates—at 2.75.... More »
Is Rent to Own Housing Ever a Good Idea? Sep 17th
The majority of Canadians are homeowners, and many more want to buy, but not everyone can afford to do so. If you’re one of those who are looking to get into the market and don’t have enough money saved up yet or you currently have poor credit, there’s always the option to rent to own.
Unders.... More »
Don’t bank on a big inheritance
– moneysense.ca
Praying for an inheritance is hardly a sound financial plan, but a recent BMO poll found that two-thirds of Canadians are counting on receiving one to help them pay down mortgage debt, fund a child’s education or build up their investments. They shouldn’t. Only about half of those surveyed in June 2014 said they received any inheritance—and the national average is just above $96,000, an amount that varies dramatically depending on which region of the country you live in.
Source: BMO Financial Group
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CAAMP’s Chair & CEO on Today’s Announcement
– canadianmortgagetrends.com
The mortgage industry’s biggest association announced extensive changes today. The Canadian Association of Accredited Mortgage Professionals (CAAMP) is restructuring its provincial divisions, reinvesting in communications and online technology, reworking its Accredited Mortgage Professional (AMP) designation and rebranding itself (for the second time). Its stated goal is to strengthen support for the broker channel and better […]
