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
Bond Yields are up… will Fixed Mortgage rates follow? + MORE May 16th
Fixed mortgage rates are tied closely to the Govt of Cda bond yields. And bond yields are up… Since mid April, the 5 yr Gov of Cda bond yield has gone from 0.75% to 1.07%. That’s a 0.32% jump. Normally, we would see fixed mortgage rates go up. So far, no increase. […].... More »
Three ways mortgage brokers can reassure concerned borrowers Feb 12th
Many mortgage brokers are fielding calls from clients concerned about rising interest rates and an uncertain economic outlook..... More »
2016 – Year in Review + MORE Jan 2nd
Another year is in the history books. Man, that one went quick. Here’s a rundown of the headlines that marked a year of flux in our business (what year isn’t a year of flux, but anyway…). ********** TOP STORIES OF 2016 DoF Announces New Qualification Rules OSFI Announces Crackdown .... More »
Street Capital Axes its Trailer Model + MORE Jun 3rd
A trailer fee is a commission that a lender pays to a mortgage broker when his or her client renews with that lender. It’s basically an incentive for brokers to keep their clients with the lender after the mortgage matures. But trailers haven’t worked out as hoped for Street Capital.... More »
CREA raises 2014 home sales forecast + MORE Sep 17th
OTTAWA – The Canadian Real Estate Association raised its home sales forecast Monday on the back of stronger than expected sales in recent months after a slow start to the year.
The association said sales through its Multiple Listing Service are now expected to total 475,000 homes for 2014, up fr.... More »
Canadian Debt Levels Are Higher Than Ever… But We’re Not Worried
– ratesupermarket.ca
When it comes to financial goals, debt repayment is the top New Year’s Resolution for many Canadians. In a blog post I wrote just last month, I discussed how Ontarians are choosing debt over retirement savings. Despite the fact that we’re finally starting to listen to the Bank of Canada’s message that interest rates aren’t going to be low forever, Canadians keep piling on debt. Even if you want to repay your debt, it could take some people a few years or longer to get their debt fully paid off.
Consumer Debt Continues to Rise
The facts don’t lie – Canadians love spending. The household debt-to-income ratio hit a new high in the third quarter of 2013, reaching 163.7 per cent. Although it’s not the best measure of consumer debt, it shows that Canadians continue to take on debt, despite the warning bells.
A recent survey from Equifax paints an even bleaker picture. Consumer debt, including mortgages, in Canada totaled $1.422 trillion in the fourth quarter of 2013, according to credit rating service…
CMA Nominations End Today
– canadianmortgagetrends.com
So many people in the mortgage industry go above and beyond expectations: underwriters, business development managers, mortgage agents, and so on. Why not pick one who does an amazing job,…
