Interested in learning more about property mortgages in Canada? Look no further!
Latest News
Rates are going up… for now… is this the end of low rates? + MORE Jan 14th
Next Wednesday will be the first Bank of Canada meeting date to set the Target rate, which directly affects Bank Prime rate and Variable rate mortgages. It’s almost a certainty that the Bank of Canada Governor, Stephen Poloz, will raise the rates.
POSITIVE DATA MEANS HIGHER RATES
Th.... More »
Home ownership rate in Canada on the decline: census + MORE Oct 28th
OTTAWA — Not everyone wants to own a home these days, Evan Siddall concedes — not even his own millennial-age son. For the head of the Canada Mortgage and Housing Corp., that’s really saying something.
But Siddall’s experience is far from uncommon, the latest census figures show: 3.... More »
Where to Buy Real Estate in Canada 2026: Greater Toronto Area May 6th
From Blue Jays games at Rogers Centre to weekend hikes in the Rouge Valley, life in the GTA moves at whatever pace you set. Home to more than seven million people, the Toronto region’s high price tags kept many buyers on the sidelines. But as the market recalibrates, a window is opening fo.... More »
Interest Rates to Stay As-is for Now. But When Will They Rise Again? May 4th
The Bank of Canada governor, Till Macklem, made no change to interest rates on April 21st, the 3rd of 8 annual meetings dates. This comes as no surprise, though, There wasn’t a chance of an interest rate hike anyway. You can read more on this here .
When Might We See Interest .... More »
How do credit card payment deferrals work during COVID-19? Apr 19th
If you’re dreading your credit card bill, you’re not alone. According to the Bank of Canada, 30% of us carry a balance from month to month, accruing interest, on average, at an eye-watering 19.99%. Simply put, we’re in the red, with an average of $23,800 per Canadian owing on credit cards, lin.... More »
FICOM Proposes More Compensation Transparency
– canadianmortgagetrends.com
How would you like to know what your mortgage broker is earning on your mortgage? In B.C., you may soon find out. The mortgage broker regulator there plans on doing what no other major province has done: force mortgage brokers to disclose how much they’re earning from lenders on your mortgage. We’re talking exact dollars and cents. As a borrower, many will love this concept, if for no other reason than satisfying their curiosity. Many others will use compensation information against brokers to negotiate, by asking their broker to give up some commission to “buy down” their interest rate. It’s READ MORE
Have Fixed mortgage rates hit the bottom?
– canadamortgagenews.ca
Earlier this year, Fixed rates hit new all-time lows. This must sounds like a broken record, or for those in the modern error, sounds like a glitch or a skip (somehow, ‘broken record’ sounds better). 5 year fixed rates hit 2.59%. This is the lowest we have ever seen. (before you start emailing me that you’ve […]
Trudeau effect on housing market, interest rates and more….!
– canadamortgagenews.ca
“My fellow Canadians, Canada has spoken…” you’ve heard the speech before. Okay, now that the party is over, what’s the hangover gonna look like? It’s hard to say for sure. Politicians are infamous for making promises they can’t keep. One thing that we (I’m talking about anyone with a mortgage or invested in […]
Don’t be Afraid to Talk to a Mortgage Broker
– canequity.com
Halloween aside, this October has plenty of reasons to get you spooked, what with a recession, a long and tiring election campaign, and recent world events. Plenty of reasons, but your mortgage need not be one of them.
We’re here to help in this frightful time, no matter if you’re buying a home, renewing your mortgage, or looking to refinance.
Mortgage brokers have access to a wide range of lenders and products, and we can find a mortgage that’s right for you. After all everyone’s mortgage needs are different. You may require the certainty that your mortgage payment will stay the same from the first day of your term to your last. You may want flexibility, to be able to pull equity out of your home to finance a renovation or a new car. Regardless, you should be able to do so with the lowest mortgage rate available in Canada.
Mortgage rates are incredibly low right now, but you likely wouldn’t know it if you looked at your local bank’s rates. Go with your bank’s mortgage rates, you’ll probably end up paying a ghastly premium.
We’re here to help in this frightful time, no matter if you’re buying a home, renewing your mortgage, or looking to refinance.
Mortgage brokers have access to a wide range of lenders and products, and we can find a mortgage that’s right for you. After all everyone’s mortgage needs are different. You may require the certainty that your mortgage payment will stay the same from the first day of your term to your last. You may want flexibility, to be able to pull equity out of your home to finance a renovation or a new car. Regardless, you should be able to do so with the lowest mortgage rate available in Canada.
Mortgage rates are incredibly low right now, but you likely wouldn’t know it if you looked at your local bank’s rates. Go with your bank’s mortgage rates, you’ll probably end up paying a ghastly premium.
