Credit Scores Improving, Says CMHC + MORE Sep 28th

Learn more about Canadian mortgage rates, rules and the latest news – read on!
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External Factors a Wild Card in GTA Housing Market Forecast Oct 1st

Among external factors that affect housing markets, two are by far the most important and both are more or less directly controlled by the federal government. The first is policy regulation that defines the rules and parameters under which mortgage loans can be originated. The second is the interest.... More »

Mortgages: The Digital Future Oct 7th

Most of the financial world is already heavily invested in online distribution. And then there’s the mortgage business. Our industry is scampering to catch up. But catch up it will…and soon. That was the vivid takeaway from last week’s 2nd annual Digital Mortgage Conference in San Francisco. I.... More »

Canadian banks set for strong results as trade, housing risks loom Feb 19th

As Big Six prepare to release earnings, rising household debt, slowing mortgage growth could weigh on outlook .... More »
 mortgage penalties

How a young couple can kill $142,000 in debt and start investing + MORE Mar 19th

iStock Julie and David live in Calgary with their two daughters, ages 10 and 7. David, 40, is a cable technician earning $150,000 annually while Julie, 37, works part-time at a retail store near home earning $6,000 annually. In 2014, their lives changed when David fell on the job and injured his lef.... More »

The Latest in Mortgage News – 2018 Forecasts Dec 27th

It can be a chore to stay on top of the latest mortgage news these days, particularly given the barrage of forecasts and predictions for housing markets in 2018. Unsurprisingly, the majority of forecasts for the year ahead have focused on OSFI’s new mortgage rules, including the mortgage stres.... More »
5 things you should know about Mortgage Investment Corporations
Historically low interest rates in recent years that has led Canadian investors to increasingly venture into the world of private mortgage investment corporations or MICs. These structures promise steady returns at much higher yields than traditional fixed income investments nowadays. But are they too good to be true?
Dustin Van Der Hout and James Price of Richardson GMP in Toronto think so. In a recent note to clients they argue that MICs are particularly risky vehicles at the present time. They suggest that the benefits of these investments are overstated and the current risks under appreciated.
Drawing on their piece, here are five things you need to know about mortgage investment corporations.
1. What are they?
As the authors explain, MICs are pools of capital which invest in private mortgages in Canada. They are a way for an individual investor to gain direct exposure to the mortgage market in Canada. MICs account for the bulk of private mortgage issuance in the country and are regulated by OFSI, the federal regulator of financial institutions…

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Credit Scores Improving, Says CMHC


New data from CMHC shows average credit scores of mortgage holders across the country are continuing to rise. A full 80.7% of mortgages in Canada are held by borrowers with a “very good” (700-749) or “excellent” (750+) credit score, CMHC says. That’s up from 78.2% in 2012. Meanwhile, the percentage of mortgage holders with “fair” […]

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