Market Your Mortgage Business More Effectively in 2020 + MORE Dec 12th

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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 mortgage buyout

CMHC’s Gloomy Outlook: Up to 18% Drop in Home Prices, 20% Arrears Rate + MORE May 23rd

The head of the Canada Mortgage and Housing Corporation delivered a particularly gloomy forecast while testifying remotely before the House of Commons Finance Committee on Tuesday. Among those predictions, CMHC CEO Evan Siddall said: Home prices could fall from their peak by 9% to 18% over the next .... More »

Q2 2020 Bank Earnings – All About Provisions and Mortgage Deferrals + MORE Jun 19th

For the second-quarter earnings season, all eyes were on the Big 6 banks’ credit loss provisions and mortgage payment deferral programs. With the onslaught of COVID-19, the banks granted payment deferrals to more than 700,000 Canadians to help prevent a wave of defaults. In their second-quarte.... More »
 property

Q4 2019 Bank Earnings – Mortgage Morsels + MORE Jan 11th

Profits were down among the big banks in what has been called a “bleak” fourth-quarter earnings season. It was the weakest earnings growth since 2016, particularly for the likes of TD and CIBC, who saw their net income fall 3% and 6%, respectively, compared to last year. TD President and.... More »
mortgage

Real estate may not be sexy, but… Jan 26th

Rental properties are a secure long-term investment. Note the emphasis on “long-term”. Check out any seven-year period over the past 50 years (anyone who has read this news site knows that I always recommend buying and holding for at least seven years). Property values have almost alway.... More »
 line of credit

They’re both 25 and make $262,000. This couple wants to pay off their mortgages and spend more on travel. How do they start? Feb 4th

Ace and Ada know they make a lot money for people their age, but it came out of “sweat and tears” and following in the footsteps of immigrant parents. Now they want to know how to spend it..... More »
It’s not too early to be thinking about New Year’s resolutions. And since you’re promoting yourself and building business, more efficient marketing is probably on your wishlist for next year. Why not resolve to market yourself more efficiently in 2020? Marketing is a full-time job. Since you already have a full-time job as a mortgage […]

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Lender Calls – Q3 Roundup

– canadianmortgagetrends.com

The country’s key broker channel lenders saw residential mortgage originations jump nearly 10% in the third quarter compared to last year. That helped the bottom line, with Home Capital and First National both reporting a year-over-year increase in net income of 16% and 20%, respectively, according to their quarterly filings. First National Chairman and CEO […]

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