Mortgage Lenders Provide COVID-19 Update – Part 1 + MORE Apr 7th

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
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Fixed Mortgage Rates Are Rising. Are Variable Rates Next? + MORE Jan 22nd

Numerous banks and other mortgage lenders have been raising fixed mortgage rates in recent weeks, following the lead of rising bond yields that are now at a two-year high. And next week, all eyes will be on the Bank of Canada to see if it raises its overnight target rate earlier than expected, which.... More »

How the Government Has Saved the Economy from COVID-19…So Far Jul 25th

Despite deep economic pain caused by the global pandemic, the Canadian economy—and the housing sector in particular—appears to be bouncing back from the near-complete shutdown of society…at least for now. That’s thanks in large part to numerous government measures meant to keep liquidity flo.... More »

Would You Buy a Home with Strangers? These Canadian Companies Are Betting On It + MORE Oct 2nd

Lesli Gaynor was tired of renting a home for herself and her two-year-old son. The Toronto resident wanted more space and a more stable living environment, where a landlord couldn’t kick her out. So, in the early 1990s she got together with two friends and bought a house in the city’s Parkdale n.... More »
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Is your mortgage up for renewal during the pandemic? Here’s what you need to know Sep 8th

First things first: If you’re staying with your existing lender, then you typically don’t have to requalify..... More »

RBC and NBC are the latest big banks to hike fixed mortgage rates + MORE Jun 3rd

RBC and National Bank became the latest Big 6 banks to increase their posted fixed rates this week, following previous increases by BMO and CIBC..... More »
Negotiating mortgage or rent deferrals to keep afloat through the crisis? Aim for the win-win solutionHere’s how you can be more effective in financial negotiations with lenders during the COVID-19 crisis, even if it means not getting everything you want.

Continue Reading On thestar.com »

In a recent panel discussion series hosted by Mortgage Professionals Canada, a cross-section of some of the country’s top lenders provided updates on how COVID-19 has impacted their operations and shaped their outlook. The overwhelming message was one of positivity and resilience. Within a matter of days, many lenders smoothly transitioned to having thousands of employees work from home to ensure business continued “as usual” for their clients. Here are some of the key takeaways from two of those panel […]

Continue Reading On canadianmortgagetrends.com »

Approach mortgage deferral with eyes wide openA deferral is not forgiveness. You still have to pay the money, with interest. And no, it shouldn’t affect your credit score.

Continue Reading On thestar.com »

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