How Canada’s Mortgage Lenders Adapted to the ‘New Normal’ Dec 14th

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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13,000 CIBC mortgage clients have come out of negative amortization Dec 19th

Over the past three months, roughly 13,000 CIBC clients have taken action to bring their mortgages out of negative amortization..... More »
 mortgage penalties

This 34-year-old hospital worker has three kids and a mortgage to pay off. Making $104,000 a year, he wants to save $50K each for his kids. How can he start? Dec 23rd

Mel would also like to save enough for retirement, at least $1 million each for him and his wife, and also purchase a second real estate property to rent out..... More »

Bond yields plunge. What it means for fixed mortgage rates Jul 25th

Bond yields dove over 30 basis points on Friday as economic worries start to replace inflation concerns..... More »

How to take advantage of the first home savings account + MORE May 10th

In April, in response to Canada’s white-hot housing market, the federal government introduced the tax-free first home savings account (FHSA). The FHSA is a new kind of registered account aimed at easing the path of first-time home buyers to securing a mortgage at a time when average Canadian home .... More »

Can you pay off your debt while saving for retirement? + MORE Sep 2nd

Ask MoneySense We are a blended family. My husband, at 50 years old, owns a home with a $330,000 variable-rate mortgage. He rents it out for $3,400 per month, which covers the mortgage plus about $1,000. He’s also maxed out his $50,000 line of credit. He has $200,000 in an RRSP and has a company p.... More »
  The COVID-19 pandemic and the resulting nationwide lockdown forced the country’s mortgage lenders—like many businesses across the country—to adjust their operations in this unprecedented and brave new world of conducting business. They were faced with keeping the country’s mortgage deals flowing while adjusting to constantly changing conditions. Practically entire workforces were told to work from home, which tested the abilities of lenders to keep business operations running smoothly. At the same time, they faced unprecedented demand on customer support […]

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