Highclere Capital enters Canada’s mid-market lending space + MORE Feb 23rd

Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
 secure line of credit

Fixed-rate borrowers face up to 20% payment hikes at renewal, BoC warns Jul 23rd

Bank of Canada data shows fixed-rate borrowers face the steepest payment hikes this year and next, but not all mortgage holders are in the same boat.... More »
 secure line of credit

How to protect yourself from identity fraud in Canada + MORE Mar 31st

In 2024, Canadians lost a jaw-dropping $638 million to fraud, according to the Canadian Anti-Fraud Centre (CAFC). That’s already a hefty $60 million more than losses reported the previous year, but the true total is likely much, much higher—experts at the CAFC say that less than 5% of scams are .... More »
 Canada mortgage

Sagen sees earnings dip, offset by stronger mortgage insurance growth + MORE Nov 9th

Mortgage insurer Sagen’s premiums climbed 32% from last year as lower rates fuel housing demand, but softer investment income pulled net earnings down to $119 million..... More »
 home equity

1.4 million Canadians missed a credit payment in second quarter + MORE Aug 20th

There’s a deepening divide among consumers, even as the rate of missed credit payments dipped, a new Equifax Canada report shows.  It shows 1.4 million Canadians missed a credit payment in the second quarter. While that’s up by 118,000 compared with the same time last year, it’s down sligh.... More »
 mortgage penalties

CMHC reports annual pace of housing starts in April up from March May 18th

Canada Mortgage and Housing Corp. says the annual pace of housing starts for April rose 17% compared with March..... More »
A new player in Canada’s mid-market mortgage lending space is intent on shaking up the industry.

Continue Reading On canadianmortgagetrends.com »

As more than one million mortgages come up for renewal in Canada this year, a new survey says the majority of those homeowners expect to pay more in their monthly borrowing costs.

Continue Reading On canadianmortgagetrends.com »

As more than one million mortgages come up for renewal in Canada this year, a new survey says the majority of those homeowners expect to pay more in their monthly borrowing costs.

A Royal LePage survey released Thursday, conducted by Hill & Knowlton, said 57% of Canadians set to renew a mortgage on their primary residence this year expect their monthly payment to increase. That includes 22% who expect it to rise “significantly” and 35% who think their payment will go up “slightly.” One-quarter said their monthly mortgage payment will remain about the same and 15% expect it to decrease upon renewal. 

Tools

Use our mortgage payment calculator
Our calculator will help you understand what a mortgage will cost you in real terms while factoring for interest rates, amortization period, fixed or variable terms, and more…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!