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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 property

Latest in Mortgage News: Mortgage Delinquencies on the Rise + MORE Dec 21st

The debt burden carried by Canadian consumers continued to rise this year, causing more people to fall behind on their debt payments…including their mortgages. The 90-day-plus delinquency rate for mortgages rose to 0.18% in the third quarter. That’s a 6.7% increase compared to a year ear.... 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 »

The Latest in Mortgage News: 2020 Forecasts + MORE Jan 2nd

Following a challenging 2018, by most accounts 2019 could be characterized as a “turnaround year” for Canada’s housing market. And 2020 is looking to bring much of the same. That’s according to predictions for the new year by CMHC, the Canadian Real Estate Association (CREA) and .... More »
 home equity

Bank of Canada Leaves Interest Rate at 1.75%, Markets React + MORE Jan 23rd

As was widely expected, the Bank of Canada left the target overnight rate unchanged this morning at 1.75%, where it’s sat since October 2018. The Bank noted a few positive developments, but focused more on the downside risks. “The global economy is showing signs of stabilization, and .... More »
 property

Latest in Mortgage News: Industry Announcements + MORE Jan 17th

Equitable Bank Improves Reverse Mortgage Process Reverse mortgage clients of Equitable Bank can expect a quicker and less expensive closing process, according the the bank. Equitable, one of just two reverse mortgage providers in Canada, announced the launch of its new closing process this week. The.... 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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