Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
Bond Yields Are Rising. Are Fixed Mortgage Rates Next? + MORE Sep 29th
Some of Canada's Big 6 banks made headlines last week by lowering fixed mortgage rates, but might they soon have to pull a U-turn?.... More »
How much income do I need to qualify for a mortgage in Canada? + MORE Apr 18th
Buying a home in Canada isn’t for the faint of heart—or light of wallet. Home prices have steadily trended higher over the past decade, coming to a national average of $698,520 in March 2024. That’s a 75% increase compared to January 2014, and it marks a whopping dollar difference of $398,119,.... More »
Invest or pay off debt: A comprehensive guide for Canadians + MORE Jan 17th
Your net worth is calculated by taking your assets and subtracting your liabilities. Both investing and repaying debt can boost your net worth as a result. The question is: which is better? In our guide about paying off debt versus investing, we cover the options from a number of different perspecti.... More »
HomeEquity Bank raises $200M through CHIP Mortgage Trust note sale May 3rd
Oversubscribed issuance underscores investor demand for reverse mortgage-backed funding.... More »
Should you use home equity to buy a house for your kids? + MORE Oct 5th
Ask MoneySense
My husband and I are considering purchasing a second home using the equity in our first home. We own the home—no mortgage. Estimated value is $1.2 million to $1.5 million.
We are hoping to support our children in moving out, while long-term planning for our downsizing when the ti.... More »
The Future of 85% LTV Bundles
– canadianmortgagetrends.com
Federally-regulated lenders cannot lend more than 80% of a home’s value without the borrower getting mortgage insurance. But a few banks have developed a way around that. What they do…
Spotlight On Mortgages: October 11, 2013
– ratesupermarket.ca
Home Buyers Are Rebounding… Big Time
Canadian housing demand is bouncing back with vigour from a downturn that “no one noticed” according to the House Price survey released Thursday by Royal Le Page. The report indicates that buyers are recovering en masse from recession conditions as well as affordability and borrowing restrictions imposed over the past few years.
According to Phil Soper, president and chief executive of Royal Le Page, weak sales have been overshadowed in housing headlines by crash fears and overheated prices. “Canada experienced a significant housing market correction over the last four quarters that most in the nation missed entirely,” he stated in a release. “Many regions experienced dramatic slowdowns in the number of homes trading hands, but news of double-digit unit sales declines went largely unnoticed, over-shadowed by a macabre fascination with the prospect of a U.S.-style home price collapse, which of course never transpired.”
Home Prices Are Higher Still
Those overheated price concerns show no sign of cooling; two-storey detached units increased 3…
Gold bugs look elsewhere as metal fades in value
– thestar.com
Pretty precious metal gold is nowhere near its peak of 2011, prompting local jewelers to get into other businesses from laptops to mortgages.
