Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Making it all work + MORE Dec 30th
(Photograph by Jennifer Roberts)
We invited our readers in January to take an active role by writing to us and explaining in a few sentences why they needed a personalized money makeover with a MoneySense Approved Financial Advisor. We got close to 400 letters and, in the end, chose two couples and .... More »
How much total ‘credit’ should a couple have? + MORE Aug 1st
Q: I’m wondering how much total ‘credit’ I should have? My husband and I have a few credit cards and two Line of Credit (LOCs) between us totalling about $50,000. We don’t have a habit of maxing it out and we pay it off fairly regularly. I’m being offered another LOC f.... More »
Bank of Canada rate cut increasingly likely amid coronavirus fears, economists say - Global News Mar 2nd
Bank of Canada rate cut increasingly likely amid coronavirus fears, economists say Global NewsCoronavirus rate cut could open Poloz's finale at Bank of Canada BNNBloomberg.caBoC Increasingly Likely to Deliver a Surprise Rate Cut This Week - Mortgage Rates & Mortgage Broker .... More »
How seniors can use TFSAs to have more in retirement + MORE Dec 30th
Because the biggest single expense in retirement is usually tax, high-income seniors should strive to use Tax-free Savings Accounts (TFSA) to minimize the tax bite in their later years.
The key is to maximize both contributions and growth no matter how old you are, which means holding proper growth .... More »
MCAP 79. A New Twist in “A” Mortgages Apr 12th
As those in the mortgage business are painfully aware, Department of Finance rule changes have made low-ratio mortgage insurance far more expensive—well over 200% more expensive in some cases. For mortgage finance companies who rely on insurance for securitization, that’s a serious problem. On.... More »
CFF Doubles its Retail Network
– canadianmortgagetrends.com
Canadian First Financial Group has accelerated its national expansion. The company, which partners with mortgage brokers to market banking products, has doubled its national footprint in just two months. In September, for example, the company had 11 broker-owned CFF banking Centres. It now has 23 (the list). The company has built a name for itself […]
Canada Mortgage and Housing Corp. says Canadian housing prices have been higher than U.S. prices in real terms since 2006, an indication that the market here may be overvalued.
Broker Coalition Causes a Stir
– canadianmortgagetrends.com
Upwards of 70% of mortgage agents in Canada work at one of the top 10 brokerages or broker networks. And then, there are the rest. Mostly independent, these agents faithfully serve their clients under their own flag. But it’s getting harder to maintain margins these days, especially if you’re an independent broker. In many cases, independents simply […]
Mortgage Career: Dreyer Group Mortgages
– canadianmortgagetrends.com
Company: Dreyer Group Mortgages Position: Junior Underwriter/Admin/Client Care Position Location: South Surrey, British Columbia (Morgan Creek Office) Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Junior Underwriter/Admin/Client Care Position Dreyer Group Mortgages is one of the top mortgage teams in Canada and a proud member of the […]
