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
Which Mortgage Features Are Right For You? + MORE Jul 25th
For most people, buying a house is the biggest decision they’ll ever make. So it’s no wonder that having to pay for thing over the next 25 or 30 years makes a lot of people pretty anxious.
After all, it’s a pretty intimidating transaction. First you have to assemble a stack of cash for the do.... More »
New Online Mortgage Stats Mar 8th
“No one wants to get their mortgage online,” I remember a veteran agent telling me when I started brokering in 2007. “People want to look you in the eye before they trust you with the biggest debt of their life.” I wonder if that broker would say the same thing today. He defi.... 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 »
Mortgages below 2% resurface as Investors Group unveils 3-year rate + MORE May 14th
Canada's mortgage market was shaken up with a mortgage rate below two per cent on Tuesday as Investors Group unveiled a three-year variable rate mortgage at 1.99 per cent..... More »
Broker Market Share – Q4 2014 + MORE Mar 26th
We just got our paws on year-end market share data for lenders in the broker channel. One stat jumped out in big neon lights. According to D+H data obtained from a source, the mortgage broker channel funded about 25% more volume in the fourth quarter of 2014 than one year prior. That’s a mas.... More »
5 Things Your Mortgage Broker Isn’t Telling You — Reviewed
– canadianmortgagetrends.com
This story from MoneySense — “5 things your mortgage broker isn’t telling you” — caused quite a fracas in our industry this week. Brokers understandably found parts of it misleading…
The Softer Side Of The Housing Market?
– ratesupermarket.ca
It isn’t easy being a Canadian home buyer. Despite a low mortgage rate environment, steep demand and short supply have pushed housing affordability further out of grasp, especially in urban markets like Toronto and Vancouver – but these conditions could ease up in 2014, according to the year’s first quarterly Housing Market Outlook from CMHC.
The report posits this could finally be the year of the fabled “soft landing” for the housing market: meaning current red hot conditions will be scaled back without drastically hurting homes’ value.
According to a release from CMHC, “Support from improved economic and demographic fundamentals will be tempered by a combination of a modest and gradual increase in mortgage rates and a slowdown in demand from first-time buyers.”
Let’s break down the trends expected in CMHC’s early forecast.
Mortgage Rates To Rise, Demand To Slow
Despite the low rate and yield environment that has persisted since the beginning of the year (five-year fixed rates were discounted as low as 2…
Sun Life launches business focused on pension plans
– thestar.com
Sun Life Investment Management Inc. will offer pooled funds focused on private fixed-income investments, commercial mortgages and real estate.
Mortgage Market Madness?
– ratesupermarket.ca
Are we in for a second round of the Great Canadian Mortgage wars? The 5-year fixed cost of borrowing plunged this week to 2.99%, sparking a flurry of headlines and speculation. Will this cause the housing market to reheat to dangerous levels? Should buyers rush into the market? Will Jim Flaherty have to make a call? Read our special coverage to find out!
We’re also in the midst of RRSP season – are you caught up on this year’s contributions? A new study finds Canadians are turning away from RRSPs as a savings method – but are they risking their retirement funds in the process?
2.99% Mortgage Rates Are Back!
This Monday, the lowest five-year fixed mortgage rates dropped as low as 2.99% – a new record not seen since last August. Such discounted rates mean big savings for home buyers – read on to see what your monthly payments would be, compared to rates from the big banks.
Read Penelope’s Blog | 2.99% Mortgage Rates Are Back!
What Canadian Investors Should Know About The Fragile 5
Concern about growth in China and other emerging markets triggered a wave of selling in less developed economies last week…
