Changes to Canada’s CMB program could have unintended consequences, experts say + MORE May 31st

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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From military service to mortgage success: How Philippe Gauvin found his perfect calling + MORE Jun 24th

When Philippe Gauvin completed his military service in 2019, he wanted to find a career that similarly valued discipline, a strong work ethic, and that provided the opportunity to help people..... More »
 home equity

Rate hikes, food inflation, mortgage costs: How to get through the cost of living crisis + MORE Jul 18th

No matter the state of your finances, avoiding your fears is not the way forward, experts say. Focus on what you can control..... More »

CIBC sees “no areas of concern” as 100,000 mortgage clients renewed at higher rates so far this year + MORE Sep 14th

CIBC reports that its mortgage clients are so far managing to absorb the payment shocks as their mortgages come up for renewal at higher rates..... More »
 mortgage penalties

Fixed mortgage rates keep rising, and could continue as bond yields near 4% + MORE Jul 9th

Bond yields ended the week higher, flirting with a key technical level of 4% following the release of overall strong employment data in both Canada and the U.S..... More »

Latest in Mortgage News: Are fixed mortgage rates about to take another leg higher? Aug 6th

There's speculation that fixed mortgage rates, which have continued to trend higher over the past several weeks, are set to rise even further..... More »
To continue growing their business, savvy brokers will need to expand their product offerings and offer lending solutions that meet their clients’ changing needs. The CHIP Reverse Mortgage by HomeEquity Bank is a solution that is tailor-made for the shifting economic climate.

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The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. The move follows a more than 70-basis-point surge in the Government of Canada 5-year bond yield, which typically leads fixed mortgage rate pricing. It’s now at a 14-month high of 3.58% as of Monday, up from a recent low of 2.87% earlier this month. BMO, CIBC and RBC have all increased some of their posted fixed mortgage rates […]

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When former mortgage broker Chris Bisson identified several pain points in how mortgage appraisals were being done in Canada, he decided to do something about it. The result was Value Connect, an appraisal technology company he founded in 2015 with the goal of eliminating appraisal pain points so people can get on with work and life. The result? Improved service for all involved in the appraisal process: lenders, mortgage professionals and their clients. “From 2008 to 2013, I really noticed […]

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As the federal government considers streamlining its process for funding mortgages, some worry that changes to the Canadian Mortgage Bond (CMB) program could have unintended consequences.

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