Fixed or Variable? Floating-Rate Mortgages Losing Their Lustre + MORE Aug 6th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.

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Q1 Lender Earnings: The Recovery is Underway + MORE May 22nd

Some of the country’s key mortgage lenders unveiled their first-quarter results, which were positive across the board. The lenders were able to take advantage of a hot housing market, alongside improving economic conditions and reduced loss provisions. One highlight was Home Capital addressing.... More »

The Latest in Mortgage News: Canadians Divided Over Home Price Expectations Jan 4th

Following a record year of home price increases, Canadians remain divided over where they expect (and hope) prices will go from here..... More »

How the mortgage stress test is impacting qualification amounts + MORE Jun 22nd

As of June 2022, we are currently seeing unnatural discrepancies in the size of mortgage loans borrowers will qualify for, and it’s all because of a rift in the space-time stress test continuum. You see, most 5-year fixed mortgage rates are already over 5%, making their stress test a full 2% highe.... More »

Read this before applying for the First-Time Home Buyer Incentive + MORE Jun 19th

In a red-hot real estate market, a little help with the down payment on a home can go a long way—especially when you’re a first-time buyer without the advantage of equity in an existing property. So when the Canadian federal government decided, in 2019, to begin offering first-time home buyers d.... More »

Lowest Winnipeg mortgage rates: Save with Cambrian Credit Union May 12th

When Canadians need a mortgage, they often default to the big banks—but there’s a whole other world of financing options to explore. Credit unions have competitive interest rates in Canada, including Manitoba, plus innovative mortgage options you may not be able to find elsewhere. Shopping aroun.... More »

Fixed or Variable? Floating-Rate Mortgages Losing Their Lustre

– canadianmortgagetrends.com

It can be one of the most difficult choices for mortgage borrowers—fixed rate or variable? Thanks to historically low spreads between the two, that choice is becoming easier for many. “If you’re in the trenches shopping for a new mortgage, I’m going to tell you something I’ve rarely told anyone in 13 years in this business: Variable rates are a gamble that you don’t need to take,” RateSpy founder Rob McLister wrote recently in the Globe and Mail. “There’s little […]

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What’s a Travel agent got to do with a mortgage?

– canadamortgagenews.ca

Some years ago, I did a study on the benefits and disadvantages of online shopping. Sure, you can order food from your favourite restaurant, buy a new set of earbuds, book a hotel or flight… but can you get a mortgage online without speaking with your banker or mortgage broker?

Covid-19 has changed everyone’s world in some way. If you were out of the country or planning to go on a trip, you probably remember this well. I’ve seen stories of people being in Europe having to pay $7,000 for a return flight home or worse, not being able to return home because they couldn’t get a flight. How is this relevant to a mortgage? Well, I use a Travel agent. I tried shopping for a flight on my own many times to save some money until I realized that using a travel agent doesn’t cost me any more, but the added benefits were huge.
Had you been out of the country and you used a travel agent, you probably would have had an easier time getting a flight back. That’s right, a travel agent could have helped you, just as mine did with ALL her clients…

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