Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
60% of Canadian mortgage renewals to face higher rates by 2026: BoC Jan 14th
Despite interest rates having fallen materially in 2024, recent data show that many Canadian homeowners could still face payment shocks when their mortgages renew..... More »
The best 5-year fixed mortgage rates in Canada + MORE Jul 12th
Mortgages
The best 5-year fixed mortgage rates in Canada
You’re 2 minutes away from getting the best mortgage rates in Canada. Just answer a few quick questions to get a personalized rate quote.
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How to improve your credit score with rent payments in Canada + MORE Feb 8th
If you’re renting in Canada, you might not think that your monthly rent payments have anything to do with building your credit score. While home owners can strengthen their credit profile through mortgage payments, renters traditionally haven’t had the same opportunity. After all, paying rent is.... More »
Weekly mortgage digest: Which big banks just dropped fixed rates? + MORE Jul 11th
After a spike in bond yields last week prompted some mortgage lenders to increase certain rates, fixed mortgage rates are again trending downward..... More »
Brokers react to the government’s “nonsense” mortgage charter + MORE Dec 1st
The Liberal government last week unveiled a "new" Canadian Mortgage Charter aimed at ensuring lenders offer relief to mortgage borrowers who are struggling to make their payments..... More »
Canada’s best credit cards for people with bad credit 2021
– moneysense.ca
Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. But if you want to improve your credit score, you’ll have to show you can handle credit responsibly—and the only way to do that is (you guessed it) to have a credit card. When used properly, having and using a credit card can actually be a helpful tool to assist in rebuilding bad credit—and, luckily, there is a whole host of products catered to people with poor credit scores. While these often come with higher interest rates and lower spending limits, they can be a good starting point to re-establishing a good credit score, which in turn will help you get approved for loans, a line of credit or even a mortgage down the line.Best credit cards for bad credit in Canada
Card
Details
Annual fee
Home Trust Secured Visa (No Fee)
(get more details)*
19.99% APR
Min. deposit: $500
Secured card
$0
Home Trust Secured Visa
(get more details)*
14.99% APR
Min. deposit: $500
Secured card
$59
Plastk Secured Visa
(get more details)*
5k point sign up bonus ($20 value)
Points on every purchase
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More Seniors to Rely on Home Equity as Part of Retirement Planning
– canadianmortgagetrends.com
Almost 8 in 10 Canadians over the age of 55 believe they can’t rely on registered savings and pension plans alone to support a comfortable retirement. Roughly half say that home equity is a vital part of retirement planning, yet many don’t want to downsize from their current home, according to an Ipsos survey commissioned by HomeEquity Bank. For those unwilling to sell their home to access that liquidity, that leaves reverse mortgages and potentially home equity lines of credit […]
