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.
Latest News
Auto sales to dip in most provinces, led by Ontario’s 3.1% drop: Scotiabank Feb 26th
TORONTO _ Canadian sales of cars and light trucks this year are expected to dip from last year’s all-time high, mostly because of weaker economic conditions in Ontario, Scotiabank said Friday in a report.
The bank’s automotive outlook projected that 2018 could end a five-year string of s.... More »
Latest in Mortgage News: Toronto and Vancouver Home Sales Up 25+% in October Nov 7th
The postponed spring housing market has now extended its run well into the fall, with home sales in Toronto and Vancouver up 25% and 29%, respectfully, compared to a year ago. The high demand is continuing to put pressure on prices as well. The average selling price for all home types in Toronto ros.... More »
2016 – Year in Review + MORE Jan 2nd
Another year is in the history books. Man, that one went quick. Here’s a rundown of the headlines that marked a year of flux in our business (what year isn’t a year of flux, but anyway…). ********** TOP STORIES OF 2016 DoF Announces New Qualification Rules OSFI Announces Crackdown .... More »
Canadian Business: Five Things To Watch For This Week + MORE Aug 24th
TORONTO — Five things to watch in Canadian business this week:
Stock Market: Traders will be keeping an even closer eye than usual on economic events at home and abroad after major indexes in Canada and the U.S. officially moved into correction territory last week, largely on fears of a greater .... More »
Opinion: When another refinance may be the wrong answer + MORE Jun 20th
As equity shrinks and household debt rises, some homeowners are finding that another mortgage may only delay a deeper financial reckoning..... More »
Mortgage Career: Pacific Mortgage Group – Senior Mortgage Underwriter
– canadianmortgagetrends.com
Company: Pacific Mortgage Group Location of position: Calgary, Alberta or Vancouver, British Columbia Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Senior Mortgage Underwriter A Canadian mortgage company is expanding and is seeking a Residential Mortgage Underwriter to help develop their relationships within their network of Western […]
Will Canada’s Condo Fears Come True?
– ratesupermarket.ca
While many would-be soothsayers have been predicting the coming crash of the Canadian condo market for a decade or more, hard data is not as readily available. But a couple of recent surveys suggest that the market may remain stable for at least the next few years.
Investment or Home, Sweet Home?
Recently, the Canada Mortgage and Housing Corporation released the results of their survey of more than 40,000 condo owners in Toronto and Vancouver and the most notable finding in these two hot markets is that the vast majority of condo owners call their unit home. The survey found that 82.9 per cent of condos are owned by the people living in them. Additionally, more than half if them (58.4 per cent) expect to continue living in their condo for the next five years or more.
Interestingly, nearly one in five (17.1 per cent) of condo owners own at least one additional unit, which they either rent out or is used by family members.
Flipper Flop
Crawling along stuck in traffic on Toronto’s Gardiner Expressway gives commuters plenty of time to count all the condo building under construction, reinforcing a view that there are too many units being built…
Do you need mortgage life insurance?
– moneysense.ca
Q: I am a single, 70-year-old with a reasonable mortgage of $115,000. I have no family and no dependants. I find that the life insurance on my mortgage is too expensive. Do I need mortgage life insurance anyway? What for?—KaterinaA: I’m glad that you noticed the life insurance you’re paying on your mortgage, Katerina. Many people don’t even know if their mortgage is insured or not in the first place. Click on your mortgage when online banking or check your most recent mortgage statement and you will most likely notice a reference to your mortgage being protected or insured or potentially not protected or not insured.
This insurance coverage is typically a combination of life insurance and disability insurance. In the event of death, the life insurance component of the policy pays off the outstanding mortgage. In the event of disability, the disability insurance component of the policy makes your regular payments.
Banks are prohibited from selling most types of insurance in their branches other than life and disability insurance on credit products…
Long-term GDP. Variable-Friendly
– canadianmortgagetrends.com
Canada’s economic engine ultimately determines the mortgage rates we pay. And these days, that engine is running at a lower RPM than in the past. “Canada’s economy is in a new age,” says Desjardins Economics. In a report released last week it states that economic growth potential “will remain between 1.5% and 2.0% from now until […]
Mortgage Career: CAAMP – Education Advisor
– canadianmortgagetrends.com
Company: CAAMP Location of position: Toronto, Ontario Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Education Advisor About CAAMP The Canadian Association of Accredited Mortgage Professionals (CAAMP is the national association representing Canada’s mortgage industry. With over 12,000 mortgage professionals, its membership is drawn from every […]
