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
Could diversified funding be the latest trend for alternative mortgages? + MORE Apr 28th
As the winds of change sweep across the lending landscape, regulatory underwriting guidelines are growing ever tighter. This puts non-bank clients in a precarious position, and mortgage brokers are feeling the pressure..... More »
Lender execs weigh in on today’s mortgage market Oct 26th
Executives of some of Canada's top mortgage lenders weighed in on some hot topics during the lender panel at MPC's recent National Mortgage Conference..... More »
The Financing Hub Aims to Simplify Commercial Deals Apr 9th
For mortgage brokers who don’t do a lot of commercial financing, knowing where to take a deal can be a challenge. The Financing Hub wants to solve that. For the past year, the company has been quietly honing an online tool that: Lets a mortgage broker enter a commercial deal Gauges lende.... More »
What does the new Canadian Mortgage Charter mean for home owners? + MORE Dec 10th
In its 2023 Fall Economic Statement, the federal government announced the Canadian Mortgage Charter. It’s a new initiative intended to address the housing affordability issues caused by rising interest rates, low housing supply and more. The charter, which sets out expectations for lenders, is the.... More »
How to protect your identity + MORE Sep 7th
We’re all on guard to protect our hard-earned money. What you might not notice, though, is when criminals seek something else that’s really valuable: your identity.
It happens every day. People who would never dream of giving out their credit card number after receiving a random call, t.... More »
2015 Mortgage Forum Wrap-Up
– canadianmortgagetrends.com
Last week Mortgage Professionals Canada (formerly CAAMP) hosted the mortgage industry’s biggest annual gathering of mortgage professionals. The event took place at Metro Toronto Convention Centre, and was attended by 1,200+ brokers, lenders and suppliers. There were more than 70 Expo exhibitors and 540 attendees at the Hall of Fame/Awards Night. If you couldn’t make the event, here’s a roundup of conference highlights: CAAMP Expo Guests had two days to check out the 70+ exhibitors and their wares—not to mention seemingly endless prizes, food and more alcohol than we’ve ever seen at the Expo. (Multiple exhibitors were pouring beer and wine at their booths this year.) An READ MORE
In the long-running debate over whether or not Canada has a housing bubble, there was one thing almost all experts agreed on: Low interest rates are one of the major things — if not the major thing — holding up Canada’s high house prices.
Well, that pillar now appears to be evaporating. Interest rates are on the rise in Canada, market observers say, and some say the rate hikes have just begun.
With Canadians’ debt levels at record highs, households are particularly vulnerable to increases in their mortgage payments, experts say. Even relatively small increases in rates could put an end to years of strong growth in some of Canada’s largest housing markets.
Five-year fixed-rate mortgages — the most popular type in Canada — have risen by 0.2 percentage points in recent weeks, according to Integrated Mortgage Planners.
That’s a relatively small increase; it would amount to an extra $40 per month on a $400,000 mortgage, by the CBC’s calculations, but some experts see more hikes on the horizon…
CMHC 2015 First-Time Homebuyers Survey Results
– ratesupermarket.ca
The Canada Mortgage and Housing Corporation (CMHC) recently released the results of an online survey it conducted with 788 Canadians who had purchased their first home – and taken on their first mortgage – within the previous 12 months. Here we recap some of the key findings, and offer some tips for those still in the hunt.
Mortgage Answers Found Online
Given that first-time buyers tend to be younger, it won’t come as any surprise that the vast majority (83 per cent) used online resources when researching their mortgage options. About half (53 per cent) said they visited lender websites, and about one-third used real estate agency sites (36 per cent) or mortgage brokers’ online offerings (31 per cent).
By far the most popular online tool to use was a mortgage calculator, with 84 per cent saying they used one. Comparing various mortgages was the next-most common activity.
Thumbs Down For Social Media Sources
Social media wasn’t a particularly popular venue for researching mortgages, with only 37 per cent saying they used it as tool…
Canadian mortgage rates have bounced up from their record lows of this summer in anticipation of an improving economy prompting central banks to do the same.
Mortgage rates went up…. but why? And will they continue to go up?
– canadamortgagenews.ca
A month ago, I said Fixed mortgage rates probably hit the bottom. A week later, fixed mortgage rates started to go up… around 0.20% over the past 3 weeks. Variable rate mortgage pricing has gone from Prime less 0.65% to Prime less Prime less 0.40%. Now, here’s the thing…. I don’t think rates will […]
