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Latest News
Mortgage growth outpaced housing gains in late 2025 + MORE Apr 15th
Home values declined while borrowing increased, leaving financial markets to drive overall wealth growth..... More »
B.C. Rules Create Challenges for Creditor Life Insurance Apr 27th
About a year and a half ago, FICOM made a subtle but impactful rule clarification in B.C. The regulator stated that lenders must “play an active and substantial role” in creditor life insurance in order for mortgage brokers to be able to sell it to B.C. consumers. Basically, this means that th.... More »
How Much Are Real Estate Commission Rates in Canada? + MORE Jun 2nd
When it comes to selling your home, you have to spend money to make money. Land transfer taxes. Lawyer fees. Mortgage discharge costs. But your biggest cost? Likely your real estate agent’s commission.
It’s been said that Canadian sellers typically pay between three and seven per cent of thei.... More »
Fewer banking fees, help for mortgage holders—here’s what new rules could mean for Canadians + MORE Oct 29th
On October 17, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced new affordability measures related to mortgages and banking, prepared in consultation with the Financial Consumer Agency of Canada (FCAC), a consumer watchdog organization that focuses on financial services..... More »
Mortgage penalty calculations.. More important than the interest rate. + MORE Apr 27th
WHY ISN’T ANYONE TALKING ABOUT THIS? You bought a home… you need a mortgage.. what’s the first question you ask your Banker? “what’s your best interest rate?”. And the second question is usually, “what product should I choose?”. Almost no one ask.... More »
Cash-back Down Payments Dead Next Week
– canadianmortgagetrends.com
The door is closing on one of the last remaining forms of 100% financing. On June 30, insurers are banning cash-back down payment mortgages. Only a handful of lenders still market these products, and they’re all provincially regulated credit unions. OSFI has effectively barred cash-back down payment mortgages at the federal level (e.g., at banks). Despite questions about the risk of these products, they’ve been an almost insignificant concern for the mortgage market. The fact is, their uptake has been extremely low. Most people find a way to scrape up a 5% down payment and avoid paying posted rates for READ MORE
Street Capital Financial
– canadianmortgagetrends.com
Company: Street Capital Financial Position: Senior Credit Analyst Location: Calgary, Alberta Quality Assurance and Risk Analyst Street Capital Financial is a Canadian-owned and operated residential mortgage lender. Street Capital lends through a mortgage broker specific origination channel. Street Capital is dedicated to growing loan origination through this channel and is committed to innovative product development. Our employees are focused on providing world class service to clients, business partners and referral sources. Purpose of Position: Primarily responsible for review and assessment of completed mortgage applications PRIOR TO FUNDING. Reviews require thorough evaluation of documentation, compliance to company policy guidelines, and READ MORE
Canadian Bond Demand At Highest Level Ever
– ratesupermarket.ca
Government bonds have taken a beating around the globe – with the exception of Canadian bonds, which not only have weathered the sell-off panic, but continue to be in high demand. It seems Canada’s “safe haven” status is still recognized by investors, despite economic rumblings of lower oil prices and ballooning housing market.
It’s good news for fixed mortgage borrowers: as Canadian bond demand keeps yields low, lenders are given additional room to discount their fixed mortgage products. But uncertainty around rates remains, especially as it’s predicted the U.S. Federal Reserve may raise their own rates as early as the end of this year. Doing so would prompt our central bank to follow suit, and will likely impact the bond market.
Also read: How Bond Yields Affect Fixed Mortgage Rates>
Huge Foreign Interest
The numbers tell the story. During the first four months of 2015, investors outside of Canada bought $22.9 billion in federal bonds. According to data, which first started being collected in 1998, this is the most significant inflow of money into Canadian bonds – ever…
Street Capital Financial
– canadianmortgagetrends.com
Company: Street Capital Financial Position: Quality Assurance and Risk Analyst Location: Calgary, Alberta Quality Assurance and Risk Analyst Street Capital Financial is a Canadian-owned and operated residential mortgage lender. Street Capital lends through a mortgage broker specific origination channel. Street Capital is dedicated to growing loan origination through this channel and is committed to innovative product development. Our employees are focused on providing world class service to clients, business partners and referral sources. Purpose of Position: Primarily responsible for review and assessment of mortgage underwriting quality and compliance through evaluation of file data and documentation to ensure adherence to all READ MORE
