Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Renewing your mortgage but planning to sell soon? Read this first May 12th
Why flexibility and penalties can matter more than rates if you plan to sell within the next 12 months.... More »
Mortgage Rates Keep Setting New Record Lows Jul 1st
While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for under 2.00% from discount brokers. Concerns over a second wave of COVID-19 have caused Canada’s 5-year bond yield t.... More »
The Financing Hub Aims to Simplify Commercial Deals Apr 9th
For mortgage brokers who don’t do a lot of commercial financing, knowing where to take a deal can be a challenge. The Financing Hub wants to solve that. For the past year, the company has been quietly honing an online tool that: Lets a mortgage broker enter a commercial deal Gauges lende.... More »
BoC rate cut no ‘game changer’ for housing market: TD + MORE Jul 22nd
OTTAWA – TD Bank says the Bank of Canada’s latest decision to cut its key interest rate will not be a “game changer” for the country’s housing market.
Some have raised concerns about what the interest rate cut by the central bank could mean for an already hot housing market.
TD said Friday.... More »
Refinance and Consolidate Your Mortgage + MORE Oct 2nd
The Dirty “R” Word
If the word “Recession” fills you with unease, you’re not alone. The word doesn’t sit well with many people. Unless you are in the rare circumstance of having just come into a gratuitous fortune, or you are employed in a sector of the economy .... More »
Know Your Real Estate Rights
– ratesupermarket.ca
The Spring (nearly Summer!) home buying season just keeps getting hotter – lenders continued to make waves with discounted mortgage rate offers this week, with Scotiabank the latest FI to jump into the fray with a limited-time jaw dropper. Should you make a move? We’ve got the scoop on all the features, restrictions and savings – be sure to check out our coverage!
In other mortgage news, there’s an alarming trend of buyers ditching their offer conditions, just to keep up in the frothy market. It’s a risky tactic – read on to learn why!
Scotiabank Cuts 5-Year Fixed Mortgage Rate to 2.97%
Scotia has knocked BMO off the pedestal of lowest-priced big-bank mortgage lender, introducing a limited-time 2.97 per cent five-year fixed mortgage rate. Available until June 7, this rate offers buyers 15% prepayment privileges, and is available to both conventional and high-ratio buyers. How much more would you really save with a rate this low? We crunch the numbers!
Read Penelope’s Blog | Scotiabank Cuts 5-Year Fixed Mortgage Rate to 2…
Online Mortgage Marketing
– canadianmortgagetrends.com
The Internet has changed mortgage shopping forever. Yet, some mortgage originators still don’t put much thought into it. Many are content to simply put up a website and hope for…
CAAMP’s Spring Mortgage Report 2014
– canadianmortgagetrends.com
Every six months, CAAMP’s mortgage market survey gives us a pulse on mortgage activity. The theme of its latest report is understanding the "new normal" in the mortgage market. Here’s…
