Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
How to Read Your Credit Bureau Report + MORE Nov 10th
For many of us, credit scores are one important number on a page of confusing text and alphanumeric codes, consulted annually — or less frequently — when applying for an apartment rental or mortgage. Credit reports can seem cryptic and hard for the average consumer to interpret. But reading the.... More »
Can you pay off your debt while saving for retirement? + MORE Sep 2nd
Ask MoneySense
We are a blended family. My husband, at 50 years old, owns a home with a $330,000 variable-rate mortgage. He rents it out for $3,400 per month, which covers the mortgage plus about $1,000. He’s also maxed out his $50,000 line of credit. He has $200,000 in an RRSP and has a company p.... More »
Bank of Canada rate cut increasingly likely amid coronavirus fears, economists say - Global News Mar 2nd
Bank of Canada rate cut increasingly likely amid coronavirus fears, economists say Global NewsCoronavirus rate cut could open Poloz's finale at Bank of Canada BNNBloomberg.caBoC Increasingly Likely to Deliver a Surprise Rate Cut This Week - Mortgage Rates & Mortgage Broker .... More »
The best way to fund your retirement + MORE Sep 7th
Q: I am 66 and retired with no defined benefit pension – just CPP and OAS. I do have RRSPs, both in savings and in mutual funds. I own my own home and it’s mortgage-free. I have some TD shares and Bell shares which are not within the RRSP portfolio.
My question is…in the future when I.... More »
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 »
(Getty Images/Arda Guldogan)If you’re interested in making money off of other people’s debt you may have an increased opportunity, at least if the Bank of Canada gets its way.
A recent article, written by Bank of Canada deputy governor Lawrence Schembri, pressed for risk exposure changes in Canada’s mortgage market. In particular, Schembri suggested that the creation of a private-label mortgage securitization market in Canada.
Private-label mortgage securities includes any mortgage product that does not conform to criteria set by A-list banks and the CMHC. As a result, these private-label mortgages carry a significantly greater risk. Examples of these mortgages include: low-doc (aka: Liar loans), 40-year mortgages, large loans (over $415,000 in the US, over $1-million in Canada), B-lender loans. Of course, these types of loans may already seem familiar given that they, along with other private-label mortgage securities, played an integral role in the 2009 credit crisis…
Mortgage Career: Equitable Bank
– canadianmortgagetrends.com
Company: Equitable Bank Position: Regional Business Manager (Single Family Residential) Location: Montreal, QC and Toronto, ON Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Regional Business Manager (Single Family Residential) Come Join Equitable Bank Equitable Bank is a federally regulated Schedule I bank with total assets of […]
Mortgage Career: FICOM
– canadianmortgagetrends.com
Company: FICOM Position: Lead, Market Conduct, Mortgage Brokers Location: Vancouver, British Columbia Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Lead, Market Conduct, Mortgage Brokers BC Public Service Ministry of Finance Vancouver, B.C. Join the FICOM team and make an important contribution to the economic stability of […]
How to Finance a US Home Purchase
– ratesupermarket.ca
Considering buying a vacation home south of the border? Snowbird destinations like Florida and Arizona may offer relief from the cold and snow – but Canadian buyers can get frozen out by American mortgage rates. Here are 3 options for financing that U.S. home, from our friends at The Housing Block.
Author: The Housing Block
With winter fast approaching, many Canadians are making plans to escape the cold. Who can blame them? After the coldest, snowiest winter in decades, wouldn’t it be a lot nicer to be relaxing in a warm destination by purchasing a home for sale in Florida or Arizona rather than sticking around to shovel snow in Canada?
Last month we looked at Canadians investing in U.S. real estate. While wanting to invest in U.S. real estate is fine and dandy, figuring out how to pay for it is another story. With U.S. real estate prices on the rebound and the Loonie falling below 90 cents, buying a home down south isn’t as affordable as it once was.
Investing Your Retirement Nest Egg in U…
