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
Scotiabank says variable-rate mortgage clients “showing signs of stress” + MORE May 30th
Scotiabank says high interest rates are increasingly weighing on consumers, resulting in a credit deterioration among its variable-rate mortgage customers..... More »
Managing debt to build wealth + MORE Aug 23rd
It’s an eyebrow-raising trend: non-mortgage delinquencies have reached levels not seen since 2009, according to a report by Equifax, one of the three largest consumer credit reporting agencies. Specifically, 1.4 million people in Canada have recently missed a credit payment.
But it’s no.... More »
Proof of down payment: The biggest hurdle for mortgage professionals + MORE Aug 4th
For mortgage professionals, verifying a client's down payment sources can be one of the most challenging aspects of the mortgage approval process..... More »
What’s moving Canada’s mortgage market this week Aug 5th
A few notable data points this week could offer fresh insight into housing activity and the broader economy..... More »
New mortgage changes for 2024: Wider access to 30-year mortgages and more + MORE Sep 19th
Finance Minister Chrystia Freeland has announced changes to mortgage rules she says are aimed at helping more Canadians to purchase their first home.
“It is going to put the dream of home ownership in reach for more young Canadians,” Freeland told reporters Monday, announcing changes she sai.... More »
Deferred payments on your mortgage or credit card? How to handle the strain when payments restart this fall
– thestar.com
Hundreds of thousands of Canadians have deferred debt payments since COVID-19 took hold. There are some simple things you can do now to make sure you’re ready when those payments resume.Latest in Mortgage News: Economic Slowdown Hitting Alternative Lenders Hard
– canadianmortgagetrends.com
The COVID pandemic has taken a toll on many aspects of Canada’s mortgage industry, but none more so than private lenders, which have seen a 26% decline in Ontario mortgage registrations. According to Teranet, the province’s electronic land registry system, that decline follows a 45% drop in May and a 29% decline in April. “The tide is going out right now” Dustin Van Der Hout, investment adviser with Richardson GMP Ltd., told the Globe and Mail. “We’ll see very quickly […]
