CIBC kicks off bank earnings week with 25% profit rise May 24th

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
 mortgage penalties

Moving this summer? Don’t overlook these costs Jun 20th

There’s more to a real estate transaction than a mortgage..... More »
 home equity

New Rule Targets HELOC Holders Seeking a Second Mortgage + MORE Nov 9th

The word is out on a little-known policy used to qualify anyone with a HELOC who is applying for additional financing. Several of the Big Six banks have already adopted the policy, which requires applicants to prove they can afford the theoretical monthly HELOC payment based on the limit of that HEL.... More »

DLC Takeover Bid Collapses Dec 21st

Unexpected drama is unfolding with one of Canada’s leading mortgage brokerages. Back in September we reported how DLC was making a play to retake control of itself from Founders Advantage Capital Corp (FA). The deal was to lead to increased investments in broker technology and new acquisitions of .... More »

Lessons From the 2018 Digital Mortgage Conference – Part I + MORE Sep 21st

“If you don’t view yourself as a technology company that does mortgages, you’re missing it.”—Bill Emerson, Vice Chairman, Quicken Loans   That quote encapsulated this week’s third annual Digital Mortgage Conference in Las Vegas. To compete in the next decade, brokers and lenders wil.... More »

The Latest in Mortgage News – House Prices Under the Microscope May 27th

For homebuyers and homeowners alike, all eyes have been on the housing market in recent months waiting to see where house prices are eventually headed. With house prices already cooling on average across the country, particularly in and around the Greater Toronto Area, some are speculating that the .... More »
The Canadian Imperial Bank of Commerce’s latest quarterly earnings beat market expectations with a double-digit profit bump on strong earnings south of the border and at home, despite slowing domestic mortgage growth.

Continue Reading On cbc.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!