Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
How to build credit history in Canada + MORE Jun 30th
A credit history is a person’s track record of using credit (borrowing money) and repaying debt. Your credit history can affect many aspects of your financial life—from getting approved for a credit card or renting an apartment to taking out a mortgage or a car loan, among other things. In some .... More »
CMHC consumer survey reveals the importance of follow-up contact by mortgage brokers + MORE May 13th
There was a simple but important lesson for mortgage brokers in CMHC's 2023 Consumer Survey released Wednesday: follow-up contact leads to more satisfied clients..... More »
First National’s Q3 earnings “exceed expectations” on strong mortgage originations + MORE Nov 4th
Against a challenging economic backdrop, First National managed to outperform in the third quarter thanks in part to continued strong mortgage originations..... More »
Fixed mortgage rates surge higher as bond yields break above 4% Aug 21st
Bond yields broke through a key resistance point this week, leading to a fresh round of fixed mortgage rate increases..... More »
First National saw revenue rise 29% in 2023 despite drop in residential mortgage volumes + MORE Mar 10th
First National wrapped up a "successful" 2023 in spite challenging economic conditions and a drop in residential mortgage originations..... More »
RBC sees mortgage delinquencies rising nearly 30% in the coming year
– canadianmortgagetrends.com
After spending most of the past year at or near record lows, Canada’s mortgage delinquency rate is expected to return to pre-pandemic levels, potentially rising by nearly a third.
Mortgage renewal strategies in today’s high interest rate environment
– canadianmortgagetrends.com
The current interest rate climate for mortgage brokers and their clients is dramatically different compared to just a year ago, requiring a whole new strategy when it comes to renewals.
