Latest in Mortgage News: Stress-Test Rate Drops After a Year of No Change Jul 20th

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
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Latest in Mortgage News: Newton Launches Rate Search Engine “Discovery” + MORE Oct 13th

Newton Connectivity Systems this week launched its new broker rate search engine, Discovery. The system, which also serves as a rate distributor for lenders, promises to improve efficiency and the quality of service brokers can provide to their clients, Kevin Dear, VP of Broker Experience at Newton,.... More »

Canadians Need Guidance With Their Mortgages + MORE Oct 3rd

That’s the takeaway from a national survey released this week by Rates.ca, which found half of Canadians aren’t aware of the mortgage options available to them. Not only that, but Canadians are lacking in some other basic mortgage trivia, with an astounding 9 out of 10 respondents not kn.... More »
 Canada mortgage

What You Should Know About Collateral Charge Mortgages + MORE Aug 7th

I recently had clients who were refinancing their mortgage completely reject a very attractive offering from one of the big chartered banks. Their reasoning? All of this bank’s mortgages are registered as collateral charges, and all of their online research into this topic spooked them complet.... More »
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Best of Finance Winners: The Best Credit Cards and Banking Products for 2019 + MORE Oct 10th

RateSupermarket.ca aims to make financial decision-making easier for the consumer by acknowledging the best credit cards and banking products in Canada at its annual Best of Finance Awards. (Originally published May 15, 2019) The credit card, loan, bank account, or mortgage you choose can affect ho.... More »
The benchmark posted 5-year fixed rate, which is used for stress-testing Canadian mortgages, fell yesterday in its first move since May 2018. The Bank of Canada announced the mortgage qualifying rate drop to 5.19% from 5.34%. This marks the first reduction in the rate since September 2016. The rate change came as a surprise to […]

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