Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
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 »
Surprise, Surprise: No Rate Hike From Bank of Canada Dec 11th
For months we’ve been warned by “experts” that rates are sure to shoot up. That the Bank of Canada will change their tune based on the state of the economy. That by year’s end, we’ll be well on our way to pre-pandemic rates that will make anyone with a variable rate mortgage regret eve.... More »
Here’s how much a GST break could save first-time home buyers + MORE Jun 11th
The Liberal plan to give first-time home buyers a tax break on a newly built home could have substantial impacts on housing affordability—with a few caveats—a new analysis finds.
The Liberal government introduced legislation on June 5 to eliminate the GST portion from new home sales of up to .... More »
Ask the Expert: The homeowner’s debt dilemma — should you go Bankruptcy or Consumer Proposal? Nov 24th
If you’re a homeowner facing the crushing weight of debt, you’re probably aware the two most dramatic debt resolution solutions: Bankruptcy and Consumer Proposal (CP).
A Consumer Proposal is often recommended because it is seen as gentler and less damaging than bankruptcy. But .... More »
OSFI says mortgage payment shock poses a key risk to Canada’s financial system May 24th
Canada's banking regulator says high borrowing costs and a wave of expected renewals pose a key risk to Canada's financial system..... More »
Latest in Mortgage News – Industry Announcements
– canadianmortgagetrends.com
There’s been a number of big mortgage industry announcements in recent weeks, ranging from reverse mortgage offerings to a new broker tech partnership and a key appointment at one of the country’s top brokerages. Here’s a look at each… Equitable Raises Allowable Equity Takeout Limit to 55% For the 9 out of 10 Canadians who want to live independently in their homes as long as they can in their Golden Years, a recent announcement from Equitable Bank could make that […]
