Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Special Incentives For Frontline Workers Jul 4th
The last year and a half has been challenging for many of us. But none have been more challenged than the brave frontline workers who put their lives at risk to save others. As a show of gratitude, many businesses have stepped up with discounts, free products, and other incentives. Unsurprisingly, m.... More »
The Latest in Mortgage News: Recent hikes are “painful” for variable-rate mortgage borrowers, says BoC Nov 25th
Homebuyers with a variable mortgage rate are facing a "painful" adjustment as interest rates continue to rise, the Bank of Canada's Senior Deputy Governor Carolyn Rogers said this week..... More »
Making sense of the Bank of Canada interest rate decision on March 12, 2025 + MORE Mar 13th
Today marks the seventh cut in a row for Canada’s benchmark borrowing rate, as our central bank does what it can to pad against tariff threats and possible recession.
The Bank of Canada (BoC) lowered its overnight lending rate—which lenders use to set their prime rates, and, by extensio.... More »
Mortgage Career: Jayman Financial + MORE Jun 11th
Company: Jayman Financial Position: Mortgage Associate Location: Calgary, AB Apply to: careers@jayman.com Mortgage Associate Jayman Financial is a high volume fully licensed brokerage house established in 2001. We are a division of the Jayman BUILT Group of companies with offices in both Edmonton an.... More »
No New Rules Coming. Well, Maybe One Jan 14th
Minister of Finance Bill Morneau is suggesting that no new mortgage rules are on the drawing board. After meeting with economists on Friday, he told reporters: “We, as you know, were quite careful in considering the…situation around the housing markets across the country as we considered measure.... More »
“Ding dong, the mortgage is dead,” a jubilant Sean Cooper announces as he sets fire to his mortgage in front of cheering friends outside a Toronto restaurant.
“I feel like the weight of the world has been lifted off my shoulders,” he declares.
Cooper has just achieved what many Canadians aspire to do: pay off our home and celebrate with a mortgage-burning party. He just did it decades faster than most of us.
In 2012 Cooper bought a house in Toronto for $425,000. He then embarked on a painstaking financial plan — including working three jobs and living like a pauper — to pay off his $255,000 mortgage as soon as possible.
He achieved his goal in just three years and two months — at the age of 30.
Cooper was driven by a deep desire to free himself from the stress and risks of carrying huge debt.
“For a lot of people, their mortgage is like a life sentence,” he says. “I just wanted to not have a mortgage hanging over my head for the next 30 years.”
Living under crushing mortgages
Canadian household debt has risen to record levels, thanks largely to fat mortgages fuelled by rising housing prices…
“I feel like the weight of the world has been lifted off my shoulders,” he declares.
Cooper has just achieved what many Canadians aspire to do: pay off our home and celebrate with a mortgage-burning party. He just did it decades faster than most of us.
In 2012 Cooper bought a house in Toronto for $425,000. He then embarked on a painstaking financial plan — including working three jobs and living like a pauper — to pay off his $255,000 mortgage as soon as possible.
He achieved his goal in just three years and two months — at the age of 30.
Cooper was driven by a deep desire to free himself from the stress and risks of carrying huge debt.
“For a lot of people, their mortgage is like a life sentence,” he says. “I just wanted to not have a mortgage hanging over my head for the next 30 years.”
Living under crushing mortgages
Canadian household debt has risen to record levels, thanks largely to fat mortgages fuelled by rising housing prices…
Canadian households owed $1.88 trillion in outstanding debt in September, as the high cost of housing in some markets pushed borrowing levels higher, according to RBC Economics.
Financial Services Commission of Ontario
– canadianmortgagetrends.com
Company: FSCO Position: Compliance Officers Location: Toronto, ON Compliance Officers Do you demonstrate sound knowledge of market conduct assessment principles, combined with exceptional customer service and financial analysis skills? Then consider these opportunities with the Financial Services Commission of Ontario (FSCO) to investigate and resolve complex inquiries relating to financial service institutions and intermediaries in the sectors regulated by FSCO. What can I expect to do in this role? You will: receive and respond to complaints, allegations and inquiries about potential misconduct of individuals and companies regulated by FSCO (e.g. insurance companies, mortgage agents/brokers, credit unions, caisses populaires, cooperatives, READ MORE
