Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Six Months was What it Took to Absorb Latest Mortgage Changes! Aug 19th
Ever since the US 2008 sub-prime mortgage crisis, we’ve seen a never-ending string of change. Mortgage lending rules have become tougher and tighter. Underwriting is stricter and more thorough. (As usual, the government has not missed an opportunity to stick their nose into your business by m.... More »
Is it safe to have $600,000 in savings invested in GICs? + MORE Oct 16th
Q. I live in Manitoba and have about $600,000 invested in GICs at a local credit union. I am 63 years old, retired with a pension, no debt and no mortgage. However, I still worry about this money and it has been hard for me to find an unbiased view on its safety. Can you help?
—Glenda W.
A. I thi.... More »
D+H Consumer Mortgage Study + MORE Mar 1st
D+H released some useful new mortgage consumer data last month, and it yielded some surprises. I covered a few of the key findings in this Globe story over the weekend, but below are the stats in more detail. (Our comments in italics.) ******** The study segmented consumers into two types: ‘Ne.... More »
The New Mortgage Truth? + MORE Mar 23rd
Are you planning to buy a home this spring? If you’ve been saving for homeownership, especially in one of Canada’s hot urban markets, you’ve likely felt the pinch and panic of rapidly rising home prices. Not only do the latest numbers from CREA find that prices are steadily rising each month,.... More »
Mortgage Career: Jayman Financial + MORE Jun 11th
Company: Jayman Financial Position: Mortgage Associate Location: Calgary, AB Apply to: careers@jayman.com Mortgage Associate Jayman Financial is a high volume fully licensed brokerage house established in 2001. We are a division of the Jayman BUILT Group of companies with offices in both Edmonton an.... More »
What is the “Best Mortgage Rate” ?
– canadianmortgagetrends.com
It’s not synonymous with the “lowest mortgage rate.” The best mortgage rate corresponds to the mortgage and advice that saves (and in some cases makes) you the most amount of…
Tips on how to reduce your mortgage penalty
– canadamortgagenews.ca
Interest rates are still near record low levels. You’ve heard your co-workers, friends or family brag how lucky they were to renew into these once in a lifetime rates. But how you do you take advantage? If you break your fixed rate mortgage then you face an enormous prepayment penalty…we’ve seen reports of $10k, $15k, […]
Ottawa-area builders slowed the pace of new home construction in October, which is typically a slower month for home builders. According to Canada Mortgage and Housing Corp., Ottawa-area builders started construction on a total of 572 new homes in October, a drop from the 642 new homes they started building in September.
