Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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How to grow your reverse mortgage business by partnering with realtors + MORE Jun 5th
Bring flexible financing solutions to the table to help realtors close more deals..... More »
Before you buy, here’s how to compare home insurance + MORE Aug 6th
Home insurance is important, but no one loves paying for it. That’s why people like to open their browsers and search for “cheap home insurance” and “how to save on home insurance.”
Any insurance professional will tell you that there’s no easy answer for cheap and full coverage,.... More »
What it’s like to be a first-time home buyer in Ontario—for real + MORE Apr 25th
We’d been looking for over two years when we finally closed on our home last year in Vaughan, Ontario, just north of Toronto. As first-time home buyers in Ontario, my husband and I had seen around 30 houses, had been outbid on five or six and had expanded our search area from the middle of Toronto.... 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 »
Mortgage broker share rises to 38%, hits 48% among recent first-time buyers: MPC Jul 26th
New MPC research finds broker use increased across buyer groups and regions in 2025, while more borrowers sought advice alongside competitive rates..... More »
Four Tips to Speed up Your Underwriting Process
– canadianmortgagetrends.com
For many Canadian Mortgage professionals, underwriting a deal is just part of the job. It’s done so often, it can feel methodical and automatic.
Now’s not the time to switch to a fixed-rate mortgage
– moneysense.ca
The Bank of Canada’s April 13 interest rate hike of 0.5%—the biggest one-time rate jump in decades—caught many variable-rate mortgage holders off guard. Some are likely thinking about running to their local bank branch or mortgage specialist to lock into a standard five-year fixed rate. Those who do so will likely be welcomed into the lion’s den by employees with open arms, wide grins and reassuring sales pitches bestowing the benefits of peace of mind and comfort.
Stop! Yes, banks’ prime lending rate has increased from 2.4% to 3.2% with the first two benchmark rate increases this year. And yes, we will most likely see another Bank of Canada rate increase come June, and it could push the prime rate further, possibly to 3.7%. This all seems uncontrollable, unmanageable—and it will cause many to panic.
You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quoteI’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense…
If rates keep rising, your monthly interest payments could almost double. But there are some things you can do to protect yourself.
