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

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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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.

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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.

Continue Reading On canadianmortgagetrends.com »

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

Continue Reading On canadianmortgagetrends.com »

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

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