Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
OSFI eyes loan-to-income rules to replace stress test as industry weighs implications Jun 8th
Canada’s banking regulator is weighing a major overhaul to how borrowers qualify for mortgages, one that could have significant implications for banks, brokers and homebuyers alike..... More »
Canadian bond yields rebound sharply, sending some mortgage rates higher + MORE Jul 2nd
After being on a downward path for the past two months, Canadian bond yields have reversed course and are once again on the rise..... More »
Nesto eyes controlling stake in CMLS Financial, media report suggests + MORE Jun 2nd
Online mortgage lender Nesto Inc. is currently in talks to purchase a controlling stake in CMLS Financial Inc.,.... More »
CMHC Makes Dividend Payments to Government: What are They and Who do They Help? + MORE Apr 5th
Starting in 2017, the Canada Mortgage and Housing Corporation (CMHC) has been making both special and regular dividend payments to its shareholder, the Government of Canada. The largest sum was for $4-billion in June 2017, which was spread over two years. At that time they announced the impl.... More »
Mortgage reforms alone won’t solve housing crisis, says Mortgage Professionals Canada CEO + MORE Oct 25th
Recent mortgage reforms introduced by the federal government, while a step in the right direction, aren’t enough to fully address Canada’s growing housing affordability crisis, according to Lauren van den Berg, CEO of Mortgage Professionals Canada..... More »
Lendesk Offers Documentation Collection Solution
– canadianmortgagetrends.com
For mortgage brokers looking to automate the tedious process of down payment verification, Lendesk’s release of Level in early December was something of an early Christmas gift. It is touted as the only product on the Canadian market that automates the collection of client bank statements on the mortgage broker’s behalf. Brokers simply use the […]
