Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Should I pay off a loan using my RRIF? + MORE May 15th
Q: I’m retired and used a line of credit to do repairs on my house. Should I draw from my RRIF to pay it off or just keep paying down the line of credit gradually?
—Marlene Crew, via email
A: Math and mindset: This debt repayment question requires you look at both. For instance, does the outstan.... More »
CMHC’s Siddall Warns Homeownership “Party” Coming to an End + MORE May 12th
The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership as a sole savings vehicle will come to an end. Evan Siddall made the comments during an interview with BNN Bloomberg’s Aman.... More »
How to keep your home after separation—even if you don’t qualify alone + MORE Apr 18th
Separation and divorce are hard enough without throwing mortgage stress into the mix. One of the most emotional questions we hear is, 'I want to keep the house, but I don’t make enough on my own to qualify—what can I do?'.... More »
MoneySense Toolkit: The mortgage affordability calculator Mar 14th
Mortgage Affordability Calculator
Mortgage affordability is an essential part of setting up your home-buying budget, and it’s based on a variety of factors. If you’re looking to buy a home, one of the first things you’ll want to know is your mortgage affordability. And for that, yo.... More »
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 »
Federal govt finally takes action on Collateral mortgages.
– canadamortgagenews.ca
Almost 4 years ago, I reported that TD was about to make one of the biggest changes in mortgage history. They were about to register all their mortgages as a collateral charge. Consumer advocates spoke out against the collateral charge as they recognized it would limit a borrower’s future options. A collateral charge […]
Oliver Meets With CAAMP
– canadianmortgagetrends.com
Finance Minister Joe Oliver met with the Canadian Association of Accredited Mortgage Professionals (CAAMP) on Friday. The meeting covered a range of mortgage hot-topics. CAAMP President & CEO Jim Murphy tells CMT, “CAAMP’s key messages were to provide consumer choice, for example the need to support smaller lenders and monolines, a view that we have had […]
WIN $500: Take the Mortgage Survey to Enter!
– ratesupermarket.ca
Where do you turn for mortgage advice?
Some Canadian home buyers head online to learn about their mortgage options, while others prefer the traditional route of visiting their bank branch. Regardless of where you seek support, one thing’s for certain – we could all use a little help during the home buying process!
And what could be better than cold, hard cash? We’re giving away a $500 prize to one lucky winner. To enter, simply take our mortgage survey – whether you’re already a homeowner, about to make the leap into the market, or just plan to in the far-off future.
Click below to enter!
Mortgage shopping: What’s the best way?>
Q3 2014 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
A slower-than-anticipated spring housing market couldn’t keep Canada’s banks from posting another blockbuster quarter. Activity picked up over the summer months, translating into across-the-board gains in year-over-year income. At most banks, however, margins are still facing headwinds due to the continued “competitive and low interest rate environment,” as RBC puts it. Of particular note were retail-focused lenders BMO […]
