Latest in Mortgage News: Big Banks Lowering their 5-year Fixed Rates Sep 20th

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Long-term mortgage rates are falling. Is it time to lock in? + MORE Apr 4th

Locking in or not depends on many factors, experts say, including whether the penalties for breaking a current mortgage make sense and if you think rates are going up or down..... More »
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Toronto housing bubble: Is it ready to pop? + MORE Nov 25th

The Toronto real estate market has experienced remarkable growth over the past two decades. The average home price in Toronto surged by a staggering 489% from 2000 to 2022, according to the Toronto Real Estate Board (TRREB). This rapid price growth has raised concerns about the future of affordable .... More »

Chartered Banks Saw a Surge in Uninsured Mortgage Origination in Q3: CMHC Jan 28th

Chartered banks saw mortgage originations grow by 11% in the third quarter, a growing percentage of which were uninsured mortgages. Comparatively, non-bank lenders, including mortgage finance companies, trusts and insurance companies, saw mortgage activity rise 4%, according to the Canada Mortgage a.... More »

Forget the burbs—should home buyers “fly until they qualify” for a mortgage? Feb 12th

During my time as the resident mortgage expert on CP24’s Hot Property TV show, I started using the phrase “drive until you qualify” to describe the advice given to home buyers struggling to get into hot real estate markets. The idea was that you should expand your search from high-priced urban.... More »

The best life insurance in Canada: your complete guide + MORE Sep 14th

Wondering how to get the best life insurance in Canada for you and your family? You’re not alone. The pandemic has shown Canadians that we are not invincible. In fact, a 2021 survey found 44% of us bought or now plan to buy life insurance because of the effects of COVID-19. But not everyone is con.... More »
CIBC became the second Big 6 bank to cut its 5-year fixed mortgage rate today.

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