GTA home sales drop 16% in 2018, fewer houses listed: TREB + MORE Jan 5th

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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 property

Looking Beyond the Big Banks: How Playing the Mortgage Field Could Save You Thousands Mar 3rd

When it comes to your mortgage, there’s no need to settle for the most obvious options. When the time comes to buy a house, most Canadians rely on only the ‘big six’ banks to find a competitive interest rate. An HSBC study from last year shows Canadians are among the least likel.... More »
 home

How to Use a Mortgage Calculator + MORE Apr 18th

  Looking at mortgage rates for a new house? Need a mortgage calculator? Canada residents know it’s easy to fall in love with your dream home. But, it helps to factor in the mortgage loan amount and interest rate beforehand. You want to determine how much house you can afford  -  p.... More »
 loan

Debt Consolidation Tip: Pay less interest! + MORE Feb 22nd

The beginning of the year is typically tough financially for most of us. Holiday bill payments, RRSP contributions, property tax bills, etc. And, if you’re self-employed, you probably have to make some sort of business tax or corporate tax payment. If December is the Holiday Season, then Janua.... More »

Morneau not considering extending mortgage stress test to cover more lenders + MORE Jan 29th

Federal Finance Minister Bill Morneau says he is not considering imposing stress tests on private mortgage lenders..... More »

Parent of U.S. Mega-Lender Buys Control of Mortgage Fintech, Lendesk Apr 27th

No, Quicken Loans has no plans to start selling mortgages in Canada. But it does want a piece of our mortgage technology market. That’s why its parent company, Rock Holdings Inc., has acquired a majority stake in Vancouver-based Lendesk. Lendesk is a mortgage fintech company that connects borrower.... More »
The number of homes sold in Toronto and the surrounding area fell in 2018 as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules.

Continue Reading On cbc.ca »

Q4 2018 Bank Earnings – Mortgage Morsels

– canadianmortgagetrends.com

Looking back on 2018, it may have been a challenging year for the housing and mortgage markets, but it would be hard to tell judging by the $45.3 billion in collective profits made by the Big Six banks. They wrapped up the financial year with profits up an average of 13% over last year, even […]

Continue Reading On canadianmortgagetrends.com »

The number of homes sold in Toronto and the surrounding area fell in 2018 as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules.

Continue Reading On cbc.ca »

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