Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Many mortgage holders have little room for higher payments: MPC + MORE Jun 26th
New consumer research finds recent buyers and newcomers are facing sharper affordability pressure, even as confidence in homeownership remains resilient..... More »
U.S. existing-home sales rose to eight-month high in October + MORE Nov 21st
Sales of previously owned homes in the U.S. rose in October to the fastest pace in eight months, as buyers took advantage of lower mortgage rates and gained the upper hand over sellers in some markets..... More »
U.S. mortgage rates dip slightly, sending 30-year loans to 6.23% + MORE Nov 30th
Mortgage rates fell after three weeks of increases, giving prospective buyers some relief from price pressures. .... More »
Five-year prison terms handed to Fortress founders in mortgage fraud case Feb 22nd
The decision marks a significant enforcement outcome in a case that helped reshape scrutiny of Ontario’s syndicated mortgage market..... More »
Variable-rate mortgages regain popularity as Morningstar flags rising risks + MORE Feb 1st
Morningstar DBRS says mortgage portfolios should hold up in 2026 despite a soft housing market, while warning that rising variable-rate use and Alt-A exposure are key areas to watch..... More »
How your rent payments can help build your credit history
– moneysense.ca
Paying rent, much like a mortgage, can often be a person’s biggest monthly expense. Yet, there hasn’t historically been a way for renters to get credit for making these large payments on-time like homeowners. New rent-reporting platforms are aiming to change that. These platforms act as a liaison between renters and their landlords and a credit bureau so renters can build their credit history and improve their chances of qualifying for a mortgage when the time comes.
Rent reporting can help boosts credit scores
“Your rent is your biggest monthly obligation for debt payments so it’s unfair that it’s not counted towards building your credit,” said Viler Lika, founder and CEO of rental services company SingleKey.
Companies like SingleKey, Zenbase, Borrowell, and FrontLobby offer such rent-reporting services, with varying fees and requirements. SingleKey works with landlords and property managers across Canada and screens more than 15,000 rental applications every month…
Why financing a co-op property in Canada isn’t like getting a mortgage
– canadianmortgagetrends.com
From PPSA registrations to board approvals, we explore the mechanics of co-op financing and why it requires more effort, higher costs and fewer lender options.
