Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Mortgage brokers rated their lenders, and these are the results + MORE Apr 16th
If you want to know how mortgage lenders are performing in today’s volatile market, who better to ask than a mortgage broker?.... More »
With mortgage rates back on the rise, two-thirds of Canadians plan to delay their home purchase + MORE Jun 9th
Over two thirds (68%) of Canadians say they plan to wait until mortgage rates drop before they decide to purchase a house..... More »
Why mortgage brokers should know prepayment penalty calculations inside and out Mar 20th
All mortgage brokers should have a comfortable working knowledge of how prepayment penalties are calculated and applied. .... More »
B.C. Just Made Feds' New Mortgage Rules Pointless + MORE Dec 18th
British Columbia has announced a policy that, in effect, works to cancel the impact of the new mortgage rules the federal Liberals enacted in order to cool off rising household debt levels.
The province will offer homebuyers loans of up to $37,500, or up to 5 per cent of a home's value, with no pay.... More »
Canadian home sales will fall to 9-year low next year, CREA forecasts Dec 18th
National home sales are projected to fall to a near decade low in 2019, as rising interest rates and strict mortgage stress-test rules continue to put a damper on homebuyer sentiment, according to the Canadian Real Estate Association..... More »
Good news, bad news
– macleans.ca
Horacio Pietragalla Corti, one of Argentina’s ‘stolen babies,’ attends the opening of a cultural centre that was once a concentration campGood news
Justin time
Word that Justin Trudeau plans to publish a “candid” memoir this fall has been greeted with some derision. What insights does a 42-year-old possess, his critics ask? Well, U.S. President Barack Obama was just 33, and at the beginning of his political career, when he penned Dreams from My Father. Who knows if the Liberal leader’s book will be as well-executed or received, but it will be nice to finally learn some specifics about his vision for the coun- try. And the profits are to go to the Red Cross. Trudeau has led an interesting life so far. Now it’s time for him to define himself—before the Tories and their attack ads do the job for him.
What bubble?
The much-predicted crash of Canada’s hot housing market may not happen, says a new report. The Conference Board of Canada study suggests high house prices—and the big mortgages that have fuelled them—have been offset by historically low interest rates…
MBRCC’s New Tool for Interprovincial Brokering
– canadianmortgagetrends.com
For mortgage brokers without face-to-face business models, the Internet makes it easy to close mortgages in another province. And a lot of brokers are doing just that, but not always…
BMO slashes key mortgage rate
– theglobeandmail.com
Five-year fixed rate falls to 2.99 per cent a week after Jim Flaherty steps down as Finance Minister
