Canadians Need Guidance With Their Mortgages + MORE Oct 3rd

Learn more about Canadian mortgage rates, rules and the latest news – read on!
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 property

Latest in Mortgage News: Mortgage Delinquencies on the Rise + MORE Dec 21st

The debt burden carried by Canadian consumers continued to rise this year, causing more people to fall behind on their debt payments…including their mortgages. The 90-day-plus delinquency rate for mortgages rose to 0.18% in the third quarter. That’s a 6.7% increase compared to a year ear.... More »
 loan

My advice is simple: Over 50? Get a secured line of credit while you can qualify. + MORE Nov 15th

Contrary to media reports about our ‘record personal debt levels’, it’s extremely prudent to ensure you have access to emergency money. The line of credit popularity that took place in the ’90s wasn’t a bad thing. It allowed us to borrow at low rates to invest or spend.... More »
 home equity

CMHC’s Siddall Defends Policies, Provides Update on the FTHBI + MORE Nov 24th

For the second year, Evan Siddall, President and CEO of the Canada Mortgage and Housing Corporation, attended the National Mortgage Conference in Toronto to defend and provide updates on the agency’s programs and policies. He participated in a candid on-stage chat with Mortgage Professionals Canad.... More »
 home equity

The Mortgage Stress Test: What It Means If You’re Buying a Home Nov 3rd

It’s been almost a couple of years since the mortgage stress test came into effect. So, we thought it was the perfect time to revisit it and clear up any confusion. The mortgage stress test took effect January 1, 2018, affecting how much mortgage money Canadians are able to borrow towards.... More »
 line of credit

“Is it better to pay down our mortgage or ramp up contributions to our teen’s RESP?” + MORE Nov 30th

Q. My husband and I, both in our early 40s, bought a house in Toronto four years ago. Since then, our variable rate mortgage has gone up four times and is now at 3.2%. We have managed to pay down $150,000 of our mortgage in those four years with the extra bi-weekly payments and have $260,000 remaini.... More »

Are Fixed Mortgage Rates Set to Rise?

– canadianmortgagetrends.com

Mortgage shoppers have been treated to fixed rates near two-year lows for months now. They’re even below most variable rates. But how long can these fixed-rate bargains last? That’s the $64,000 question—and one that’s being raised with increased frequency after bond yields surged more than 30 basis points in less than a week earlier last […]

Continue Reading On canadianmortgagetrends.com »

Canadians Need Guidance With Their Mortgages

– canadianmortgagetrends.com

That’s the takeaway from a national survey released this week by Rates.ca, which found half of Canadians aren’t aware of the mortgage options available to them. Not only that, but Canadians are lacking in some other basic mortgage trivia, with an astounding 9 out of 10 respondents not knowing that mortgage interest is charged semi-annually: […]

Continue Reading On canadianmortgagetrends.com »

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