Interested in learning more about property mortgages in Canada? Look no further!
Latest News
Big banks slash mortgage rates this week to reflect lower bond yields in Canada + MORE Jan 12th
Nearly all of the country's big banks slashed their advertised fixed mortgage rates this week, in some cases by as much as 70 basis points (or 0.70%)..... More »
Many mortgage holders have little room for higher payments: MPC + MORE Jun 26th
New consumer research finds recent buyers and newcomers are facing sharper affordability pressure, even as confidence in homeownership remains resilient..... More »
Mortgage debt rising fastest among Canadians nearing retirement, data show Apr 27th
Older homeowners are increasingly leveraging equity to help younger buyers, raising long-term financial risks as retirement approaches.... More »
TD returns to positive earnings, but mortgage stress grows + MORE Aug 29th
TD Bank returned to profit in the third quarter after a loss in Q2 tied to U.S. regulatory and restructuring charges, even as rising mortgage delinquencies pointed to mounting household strain..... More »
National Bank says its consumers remain “resilient” with $1 billion worth of excess liquidity Oct 2nd
National Bank reports that its mortgage clients have been resilient in the face of sharply higher interest rates, thanks in part to high levels of liquidity..... More »
OSFI says mortgage amortization extension “not without risks”
– canadianmortgagetrends.com
Temporarily extending amortization periods has been a saving grace for many variable-rate mortgage holders as a way to manage the impact of higher interest rates and borrowing costs. But Canada’s banking regulator says that while the strategy may be attractive, it’s also “not without risk,” since it “keep[s] borrowers in debt longer and lead[s] to higher interest payments.” The comments were made by Tolga Yalkin, an assistant superintendent at the Office of the Superintendent of Financial Institutions (OSFI), on Thursday […]
Mortgage brokers rated their lenders, and these are the results
– canadianmortgagetrends.com
If you want to know how mortgage lenders are performing in today’s volatile market, who better to ask than a mortgage broker?
