Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Sub-6% U.S. mortgage rates vanish as Iran war sparks inflation fears Mar 7th
U.S. homebuyers had to act fast last week to nab the first sub-6% mortgage rates in more than three years. Now they’re up, and the new conflict in the Middle East threatens to nudge them higher..... More »
Mortgage brokers explained: What they do, and what they don’t (Part 1) + MORE Nov 12th
The first article in our three-part series breaks down what brokers actually do — and don’t do — and why some misconceptions persist..... More »
Thinking of a private mortgage? Here’s what lenders want to see + MORE May 9th
Private mortgages continue to play an important role in today’s Canadian housing market, especially as traditional lending guidelines tighten. Yet many borrowers are surprised to learn that private lenders don’t simply look at one or two factors — they assess a wide range of details that can m.... More »
Where to find a home under $1 million in Canada + MORE Sep 4th
If you figured you’d never be able to buy a home in Canada, we have some good news: home prices have been stalled or falling in most of the country’s major markets over the past two years. Mortgage rates are higher than they were five years ago, which affects the size of monthly payments, but th.... More »
Why January is peak season for second mortgages in Canada Dec 18th
For many mortgage brokers, January is the busiest month of the year..... More »
How to improve your credit score with rent payments in Canada
– moneysense.ca
If you’re renting in Canada, you might not think that your monthly rent payments have anything to do with building your credit score. While home owners can strengthen their credit profile through mortgage payments, renters traditionally haven’t had the same opportunity. After all, paying rent isn’t the same as taking out a loan or using a credit card. But it can be a significant portion of someone’s expenses—and consistently making these payments should count for something. This is where rent reporting tools can help.
It’s a relatively new concept in Canada, but several tools and services are emerging to help renters report on-time payments to credit bureaus as a means to establish credit without taking on additional debt. In this article, we’ll explain how you can improve your credit score with rent reporting, and we’ll discuss the benefits, available tools and how to get started.
“Using a rent reporting tool is a simple way for renters to leverage their on-time payments, helping them build credit without taking on additional debt…
CMHC predicts home sales, prices to rebound in 2025, but tariff threat clouds outlook
– canadianmortgagetrends.com
Canada Mortgage and Housing Corp. is forecasting a rebound in home sales and prices this year as homebuyers take advantage of improved borrowing conditions, but says its outlook is clouded by the threat of widespread tariffs from the U.S.
