Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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What New Year’s credit deals promise—and why you should be wary Jan 17th
January is for fresh starts, but too many Canadians are held back by last year’s overspending. Lenders know about new year’s debt-hangovers, so you may be seeing more credit offers in your inbox—but be wary. Used incorrectly, that deal on a balance transfer or sign-up bonus could get you into .... More »
Scotiabank not worried about its floating-rate portfolio Jun 28th
With variable rates rising by the month—and more hikes anticipated—observers are keeping a careful watch on adjustable-rate mortgages..... More »
Broker Lender Market Share – Q4 2017 + MORE Mar 7th
Banks continued to eat up market share in the fourth quarter, growing their portion of the broker pie by 5.4 percentage points vs. Q4 2016. For the full year, banks seized a whopping 750 basis points of share, mainly from mortgage finance companies. Virtually no broker in Canada will be surprised by.... More »
For many homeowners 55+, the goal is no longer downsizing, but aging in place + MORE Jul 23rd
Here’s how mortgage brokers can support their needs..... More »
Housing sales fall in most markets across Canada - The Globe and Mail + MORE Jul 17th
The Globe and MailHousing sales fall in most markets across CanadaThe Globe and MailHouse sales fell in a majority of markets across Canada in June, suggesting the real estate sector is cooling just as interest rates are starting to climb and Ottawa is proposing tougher mortgage rules. Sales fell in.... More »
Mortgage Career: ICICI Bank Canada
– canadianmortgagetrends.com
Company: ICICI Bank Canada Position: Business Development Manager (Vancouver & Lower Mainland, B.C.) Location: Vancouver & Lower Mainland, BC Send resume to: careersca@icicibank.com Business Development Manager (Vancouver & Lower Mainland, B.C.) Relevant Work Experience: 3+ years Company Overview: ICICI Bank Canada is a wholly-owned subsidiary of ICICI Bank Limited, which has its headquarters in Mumbai, India. ICICI Bank Limited is India’s largest private sector bank with consolidated total assets of US$135.3 billion as at December 31, 2015. Established in December 2003, we are a full-service direct bank in Canada with an asset base of about C$6.7 billion as at READ MORE
Three Big Mortgage Complaints
– canadianmortgagetrends.com
When it comes to complaints about banking products, mortgages are second only to credit cards. That’s according to the banking Ombudsman’s (OBSI’s) recently released annual report, which lists three of the most common grievances from mortgage customers. “We are seeing a lot of complaints related to mortgages…” Brigitte Boutin, Deputy Ombudsman, Banking Services said in the report. Those complaints revolve mainly around mortgages prepayment penalties and pre-approvals, but it seems that mortgage portability has also “become a bigger issue.” The Big One: Penalties The Ombudsman sees a constant stream of borrowers protesting their bank’s prepayment charges. Those complaints are usually READ MORE
