Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
5 smart strategies for renewing your mortgage + MORE Mar 25th
Owning a home has plenty of benefits, but it’s not without challenges. Over one million mortgages in Canada are set to renew in the next few years, and many home owners will be faced with higher interest rates. If you’re in this situation, you may feel squeezed in two ways: a higher interest rat.... More »
How high will interest rates go in Canada? Could they reach double digits? Jul 30th
We’re in the midst of a cost-of-living crisis—with sky-high grocery prices and mortgage rates that would have been inconceivable 18 months ago. To fight inflation, the Bank of Canada (BoC) has increased the policy interest rate by a total of 475 basis points (4.75%) since March 2022 (a basis.... More »
Not just new buyers: Mortgage stress test rules putting the squeeze on renewals, too + MORE May 15th
It's not just new homeowners who are feeling the impact of higher interest rates and tougher lending standards: even those who've already bought are feeling the heat..... More »
CMHC exceeds 2023 housing goals despite economic headwinds May 12th
The Canada Mortgage and Housing Corporation surpassed its 2023 housing targets despite difficult economic conditions and internal financial struggles..... More »
Most Canadian Homeowners Unprepared for Financial Shocks + MORE May 27th
It’s common knowledge—or at least it should be by now—that Canadians are carrying worrying levels of debt. The latest reminder of how fragile the situation is comes from Manulife Bank’s Homeowner Debt Survey, which found that 72 per cent of mortgage holders wouldn’t be able to manage a 10%.... More »
Video: Another lender cuts mortgage rates as spring home-buying season blooms
– theglobeandmail.com
Mortgage rates are getting lower as the spring home-buying season approaches. BNN's Pamela Ritchie has more details
Setting Sail for the Future
– canadianmortgagetrends.com
We’ve spent the last seven years advocating for mortgage brokers. That’s on the public record. Why? Because nothing has replaced a skilled mortgage professional who can deal with multiple lenders….
Home Trust Launches 90% LTV Bundle
– canadianmortgagetrends.com
Home Trust has taken bundle mortgages to the next level. Bundle mortgages consist of an uninsured first mortgage to 80% loan-to-value (LTV) plus a second mortgage for additional funds. They…
