Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
What home buyers should know about the Canadian mortgage stress test + MORE May 28th
In late 2017, the federal government introduced a mortgage stress test for anyone applying for or renewing a home loan. But, if you’re like nearly half of Canadians polled by TD Bank in 2019, you may not understand what the test is—or who it affects.
And with the recent announcement that the s.... More »
The State of Rental Financing + MORE Apr 18th
Last November the Department of Finance banned default insurance on single-family rentals. That was a near-knockout blow to the rental financing businesses of lenders who rely on securitization. Since then, lenders who compete with the big banks have been forced to find new balance sheet funding. Th.... More »
Next week's new mortgage rule won't cool down hot markets + MORE Feb 12th
Starting Monday, you'll need more cash to insure a mortgage on many homes in Canada. The new rule may be 'good politics,' but it won't do much to bring housing prices in overheated markets back down to Earth..... More »
The best credit cards for newcomers to Canada for 2024 + MORE Jan 3rd
Credit Cards
The best credit cards for newcomers to Canada for 2024
As a newcomer, you’ll want a credit card that offers you the best value without having a long Canadian credit history. Here’s a list of our favourite cash back, rewards, low-interest cards and more.
.... More »
Let's Throw a Patent-Burning Party Oct 1st
When a drug goes generic, it’s as if society has paid off a mortgage..... More »
Is your banker giving you their best rate?
– canadamortgagenews.ca
EVEN THE BANK OF CANADA SAYS MORTGAGE BROKERS WILL GET YOU A LOWER RATE. The Bank of Canada did a study a few years ago called Competition in the Canadian Mortgage Market. The study concluded that consumers get a lower interest rate through brokers. They also said that higher income earners were actually […]
MCAN & Xceed’s New X-Series Mortgage
– canadianmortgagetrends.com
Xceed Mortgage has been reinventing itself ever since the financial crisis, when liquidity dried up and killed its bread and butter business: uninsured non-prime mortgages. Since then, Xceed has offered…
