First National’s Q3 earnings “exceed expectations” on strong mortgage originations + MORE Nov 4th

Learn more about Canadian mortgage rates, rules and the latest news – read on!
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CMHC reports annual pace of housing starts up eight per cent in October Nov 18th

Canada Mortgage and Housing Corp. says the annual pace of housing starts in October rose eight per cent compared with September..... More »
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How to grow your reverse mortgage business by partnering with realtors + MORE Jun 5th

Bring flexible financing solutions to the table to help realtors close more deals..... More »
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10 up and 3 down, unintended consequences! + MORE Sep 22nd

LOTS OF MOVEMENT IN MORTGAGE RATES Sounds like a football play. But I’m not talking about football even though the NFL season just started and my Buffalo Bills won their first two games. I’m referring to how many times the Bank of Canada’s (BoC) Governor, Tiff Macklem, has changed the Overn.... More »

CMHC reports September pace for housing starts up from August + MORE Oct 19th

Canada Mortgage and Housing Corp. says the annual pace of housing starts in September was up 5% compared with August..... More »
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Quebec’s legal battle between CNQ and title insurers leaves brokers and homeowners in limbo ahead of mortgage renewal wave + MORE Nov 27th

Quebec-based mortgage brokers and homeowners are caught in limbo due to an ongoing legal battle that is unlikely to be resolved before the renewal tsunami hits..... More »
The large number of mortgages coming up for renewal at higher rates is one reason why the Bank of Canada decided to leave its target rate unchanged at 5.00% last month.

Continue Reading On canadianmortgagetrends.com »

Ask MoneySense
Five years after buying out my former spouse’s share of the matrimonial home, I decided to sell two years ago and watch the market for just the right downsize, anticipating that my eldest would be attending university out of province. 

Then came COVID, and plans changed. Now I have an 18-year-old and a 14-year-old living and working in what was supposed to be a temporary rental home. It appears I’ve missed the window for purchasing during the pandemic and am watching my dollars lose value on the real estate market day by day. 

Long story short, I’ve decided to take a prolonged break from house hunting and want to put the equity from my sale in a safe place that will also earn enough to at least keep up with inflation. What are my options?

–Liz

You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense…

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Canada’s banking regulator said Thursday it views fixed-payment variable-rate mortgages as a “dangerous product” that puts certain borrowers at increased risk of default.

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Mortgage shoppers and those with upcoming renewals may see some rate relief next week thanks to a steep drop in bond yields.

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Against a challenging economic backdrop, First National managed to outperform in the third quarter thanks in part to continued strong mortgage originations.

Continue Reading On canadianmortgagetrends.com »

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