Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
Does buying GICs still make sense after the recent rate cuts? + MORE Apr 3rd
In March, the Bank of Canada (BoC) lowered its policy interest rate by another 25 basis points, from 3.00% to 2.75%. It was the central bank’s seventh consecutive cut.
What does it mean for Canadians as borrowers and savers when interest rate cuts happen? On the positive side, it mean.... More »
The Do’s and Don’ts When Buying a Home + MORE May 6th
Buying a home is one of the most exciting yet intimidating things to do. The idea of owning your own place is thrilling, yet the prospect of having a mortgage can terrify even those who are already financial savvy. Regardless of your price range, there are some definite do’s and don’ts when buy.... More »
The Latest COVID-19 Mortgage Developments: Rates on the Rise + MORE Mar 23rd
Mortgage Rates Rising Rapidly Canada’s Real Estate Market Faces Uncertainty Call to End to Open Houses Mortgage Payment Deferral Challenges Filogix’s Expert Victim of Ransomware Attack Mortgage Rates on the Rise Banks and other mortgage lenders have been frantically raising rates since last week.... More »
Have financial resolutions? You need a plan, too + MORE Jan 10th
OTTAWA – Increasing retirement savings, reducing debt or putting away more for your child’s education may be on your list of new year resolutions, but to make them more than wishful thinking you need a plan.
To help make your financial new year’s resolution stick, portfolio manager Amy Dietz-G.... More »
What New Year’s credit deals promise—and why you should be wary Jan 17th
January is for fresh starts, but too many Canadians are held back by last year’s overspending. Lenders know about new year’s debt-hangovers, so you may be seeing more credit offers in your inbox—but be wary. Used incorrectly, that deal on a balance transfer or sign-up bonus could get you into .... More »
Mortgage Career: Xceed Mortgage Corporation
– canadianmortgagetrends.com
Company: Xceed Mortgage Corporation Position: Business Development Manager Location: Vancouver, British Columbia Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Business Development Manager Corporate profile XCEED Mortgage Corporation has been in business since 1997 and is a growing residential mortgage lender offering both prime and alternative […]
How the BoC interest rate cut will affect mortgages
– moneysense.ca
(Adam Gault/Getty Images)Amid sliding oil prices and a sluggish Canadian economy, the Bank of Canada defied prior predictions and actually lowered the key interest rate today by a quarter-percentage point—from 1% to 0.75%.
It’s the first time the central bank has moved the overnight rate since September 2010—a move the bank calls “insurance” against the potentially destructive effects of the global oil price collapse. Canada is largely impacted by recent drops in barrel prices as we are an oil-dependent economy.
Most economists had predicted the central bank would stay the course with today’s interest rate announcement—neither hiking or lowering the rate. After today’s shocker, any predictions of a future rate increase, either later this year or early 2016, are now suspect.
That’s because the central bank’s overnight target rate sets the tone for determining where mortgage rates will go. If the Bank of Canada raises it’s overnight rate, it will cost more for your local big bank to borrow…
CBC.caBank of Canada interest rate cut: 5 ways consumers may be affectedCBC.caThe Bank of Canada surprised financial markets by cutting its key interest rate by 0.25 per cent on Wednesday. Here are five ways the central bank's move will affect Canadian consumers: 1. Cheaper mortgages for some, but not all. "This is good news if …Poloz's rate cut cushions the blow for Harper ConservativesThe Globe and MailThe Drivers And Implications Of The Bank Of Canada's Oil-Driven Rate CutSeeking Alpha5 things you should know before you start your workdayFinancial PostPique Newsmagazine -Saskatoon StarPhoenix -Regina Leader-Postall 1,048 news articles »
Interest rate surprise? Not to our readers! : Bank of Canada drops key lending rate to 0.75 per cent
– canadamortgagenews.ca
Last week, I made a bold statement about interest rates. I said rates will remain low for some time. And they could even decline. That forecast was met with a certain degree of criticism. Well, no surprise for CanadaMortgageNews.ca followers, the Bank of Canada cut the rate by 0.25% to 0.75%. This means Variable Mortgage […]
Mortgage Career: FSCO
– canadianmortgagetrends.com
Company: FSCO Position: Manager, Licensing Compliance Unit Location: Toronto, ON Manager, Licensing Compliance Unit one temporary (up to 12 months with possible extension) Do you demonstrate exceptional leadership skills along with the ability to provide technical guidance to a unit responsible for the risk analysis, assessment and regulatory approval functions for the licensing of […]
