CIBC reports rising mortgage delinquencies, but doesn’t expect “material” losses + MORE Mar 4th

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.
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Making sense of the markets this week: March 24, 2024 + MORE Mar 25th

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Lower inflation clears runway for rate cuts Canadians dreading their spring and summer mortgage renewals got some good n.... More »

Ottawa to allow 30-year amortization for first-time buyers’ mortgages on new homes + MORE Apr 12th

Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain home buyers, but say expanding the policy to all Canadians would help make home ownership more affordable. Speaking in Toronto on Thursday, Finance Minister Chrystia Freeland announced.... More »

Latest in mortgage news: OSFI head applauds lenders’ efforts to shorten amortization lengths + MORE Apr 3rd

OSFI says it is encouraged by the progress Canadian lenders have made in reducing amortization lengths of the mortgages within their portfolios..... More »

Housing starts stable in 2023, but demand still outpaces growing supply of apartments + MORE Mar 28th

The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartments—despite demand still outpacing supply for rental housing. The agency released its biannual housing su.... More »

Homeowners, realtors should take steps to protect against title fraud: experts Mar 19th

It's been years since you finished paying off your mortgage, so the letter in the mail from a bank saying you're in default and now owe money comes as a shock..... More »
Michael Ellenzweig aspired to be a mortgage broker ever since the age of 13. The rest, as they say, was history.

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CIBC reported a rise in mortgage delinquencies in the first quarter, though they still remain below pre-pandemic levels and aren’t expected to translate into “material” losses, the bank said.

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