Lessons From the 2018 Digital Mortgage Conference – Part I + MORE Sep 21st

Learn more about Canadian mortgage rates, rules and the latest news – read on!
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 bank mortgage

Let's Throw a Patent-Burning Party Oct 1st

When a drug goes generic, it’s as if society has paid off a mortgage..... More »
 home equity

New Rule Targets HELOC Holders Seeking a Second Mortgage + MORE Nov 9th

The word is out on a little-known policy used to qualify anyone with a HELOC who is applying for additional financing. Several of the Big Six banks have already adopted the policy, which requires applicants to prove they can afford the theoretical monthly HELOC payment based on the limit of that HEL.... More »

CMHC says annual pace of housing starts slowed in September Oct 10th

The annual pace of Canadian housing starts fell to their lowest level in nearly two years in September. Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate came in at 188,683 units last month, down from 198,843 in August..... More »
 property

My mission is to help keep mortgage consumers informed! + MORE Dec 9th

Many mortgage brokers and other sales/service professionals keep track of numbers to measure whether we’re on track for growth year-over-year. So, I did some math. Since becoming a broker in 2004, my team and I have successfully funded more than $920 million in mortgages. That’s a big n.... More »
 line of credit

The Latest in Mortgage News – Home Prices and Rate Hikes + MORE Oct 4th

Interest rates, and more specifically the growing certainty of higher rates to come, have been dominating headlines following the announcement of a new trade agreement between Canada, the U.S. and Mexico. With the expectation of rising interest rates, many eyes are also on the developments in the re.... More »
“If you don’t view yourself as a technology company that does mortgages, you’re missing it.”—Bill Emerson, Vice Chairman, Quicken Loans   That quote encapsulated this week’s third annual Digital Mortgage Conference in Las Vegas. To compete in the next decade, brokers and lenders will have to provide consumers with the online experience they want in […]

Continue Reading On canadianmortgagetrends.com »

Rising interest rates and tighter mortgage lending rules may dampen the Canadian housing market in the coming months by reducing affordability for prospective buyers. That’s the latest outlook from the Canadian Real Estate Association (CREA), which revised its fall housing forecast, saying now that sales will drop 9.8% and prices will soften 2.8% to $494,900. […]

Continue Reading On canadianmortgagetrends.com »

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