Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Mortgage approvals in hours, not days: TD leaning on AI to regain edge Oct 1st
At its 2025 Investor Day, the bank outlined plans to use AI to cut turnaround times, reshape branches into advice hubs and deliver billions in efficiency savings..... More »
The New Mortgage Truth? + MORE Mar 23rd
Are you planning to buy a home this spring? If you’ve been saving for homeownership, especially in one of Canada’s hot urban markets, you’ve likely felt the pinch and panic of rapidly rising home prices. Not only do the latest numbers from CREA find that prices are steadily rising each month,.... More »
The Most Surprising Tip to Burn Your Mortgage Faster + MORE Mar 4th
High home prices got you down? Many people, particularly millennials, feel like the dream of homeownership is out of reach, especially in Toronto and Vancouver – Canada’s most expensive real estate markets. However, buying a home and being mortgage-free in a short amount of time is possible.
Le.... More »
I missed a mortgage payment. What happens now? + MORE Sep 20th
If you skip one month’s mortgage payment, then resume scheduled payments for six months, all six of those payments may be considered late..... More »
New housing rules to curb exposure to rising debt: BoC + MORE Dec 15th
OTTAWA —The Bank of Canada is expecting new mortgage rules to help ease a continued rise in household indebtedness that it says has left the country increasingly exposed to an economic shock.
The central bank warned Thursday that the still-climbing levels of debt and the growing proportion of high.... More »
Spotlight On Mortgages: November 22, 2013
– ratesupermarket.ca
Despite recent reports of overvaluation and the inevitability of a rate rise, the head of the Bank of Canada has a rosy outlook – Governor Stephen Poloz announced his optimism for a balancing market and growing economy in this week’s Senate economic update.
Poloz stated that housing market bubble fears are unfounded, and that any major pricing correction would be due to an external global economic crisis. He added he’s confident home prices will stabilize, while acknowledging market imbalance and high household debt levels continue to be a concern.
His stance is in stark contrast to the warnings published this week by the Organisation of Economic Co-Operation and Development, which called for a 2.25 per cent central rate increase by the end of 2015. Poloz stated he “respectfully disagrees” with the Paris-based think tank’s findings, saying that with a current bank rate at one per cent, and inflation still below its two per cent benchmark, there’s still significant slack before a rate hike is necessary…
Mortgage Careers of the Week
– canadianmortgagetrends.com
Company: Equitable Bank Position: Regional Business Manager (Single Family Residential) Years of Experience Required: Minimum 3-5 years Licences or Registrations Required: AMP designation is an asset Location of Position: Montreal,…
