Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Understanding the Smith Manoeuvre: a Canadian mortgage strategy decoded Jan 6th
For nearly four decades, Canadians have turned to an investment strategy of writing off the interest from mortgage payments as tax-deductible. Known as the Smith Manoeuvre—after its creator, financial planner Fraser Smith—the strategy involves getting a readvanceable mortgage, which includes a l.... More »
Mortgage Professionals Canada promotes broker expertise in newly launched campaign + MORE Oct 17th
Mortgage Professionals Canada (MPC) has unveiled a new national campaign emphasizing the pivotal role mortgage brokers play in guiding Canadians towards their homeownership dreams..... More »
Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud Apr 15th
The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency..... More »
Should retirees pay off their mortgages with investments? + MORE Nov 28th
Ask MoneySense
I retired this year and my mortgage is coming due soon. My advisor said to keep the mortgage as rates are low possible and keep the money invested to keep making me money. I’m not sure this is wise, and my advisor works for the bank who holds my mortgage. What do you think?
–Li.... More »
The latest in mortgage news: record population growth to keep upward pressure on home prices + MORE Jul 21st
Canada's expected population growth will worsen the already limited housing supply and result in even higher home prices, according to a new report.... More »
Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada
– canadianmortgagetrends.com
The Bank of Canada says it it concerned about the ability of households to service their debt, particularly as mortgage holders are facing payment increases of up to 40% at renewal.
