Home / Mortgages / Mortgage rule changes are cooling housing market: Morneau + MORE Aug 23rd

Mortgage rule changes are cooling housing market: Morneau + MORE Aug 23rd

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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Making sense of the Bank of Canada interest rate decision on March 12, 2025 + MORE Mar 13th

Today marks the seventh cut in a row for Canada’s benchmark borrowing rate, as our central bank does what it can to pad against tariff threats and possible recession.  The Bank of Canada (BoC) lowered its overnight lending rate—which lenders use to set their prime rates, and, by extensio.... More »
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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 »

70% of Scotiabank’s mortgage originations in Q1 were multi-product deals + MORE Mar 1st

Scotiabank is reporting success in its efforts to grow its deposits and increase profitability by doing more cross-selling to new mortgage clients..... More »

Latest in Mortgage News: Homeownership Becoming a “Pipe Dream” for Millennials Dec 9th

A growing number of millennials are resigning themselves to the fact that homeownership may be out of reach for them, according to a new poll. Nearly three quarters (72%) of millennials say they have a goal of owning a home, but nearly half (46%) admit that goal is a “pipe dream,” accord.... More »
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As bond yields fall, mortgage providers are cutting fixed mortgage rates + MORE Dec 1st

With bond yields nearly 60 basis points off their highs reached earlier this month, fixed mortgage rates are slowly following and trending downward..... More »
An Ontario court has approved the settlement of a $29.5 million class-action lawsuit by investors against alternative mortgage lender Home Capital Group Inc.

Continue Reading On cbc.ca »

Despite a report urging Ottawa to look at ways of boosting support for first time buyers, the Finance Minister ruled out any new measures along those lines

Continue Reading On theglobeandmail.com »

Building a TFSA doesn’t have to be complicated

Rick
AGE: 31
PLACE: Toronto
TFSA TOTAL: $23,000
STRATEGY: A couch potato portfolio (minus the fixed income allocation)

Me and my TFSA
Rick is a 31-year-old police officer in Toronto. He has spent the last two years getting his financial house in order by paying off $50,000 in debt (mostly student debt and a car loan). “I’m just left with a mortgage payment now,” says Rick. “So I have some money to contribute to a TFSA. I’m up to $23,000 which is great.”
In fact, Rick only contributed to his TFSA for the first time 18 months ago. “I have a pension at work so RRSPs don’t make sense for me,” says Rick. And for now, he’s making contributions ad hoc throughout the year whenever he has the money. “My wife and I just had a baby so that means RESP contributions will be starting soon,” says Rick, although his TFSA will still be a priority.
More of  Me and my TFSA »
Rick’s TFSA portfolio is aggressive with 100% of his money in equity index funds from TD. His allocation is fixed at 40% U…

Continue Reading On moneysense.ca »

Canadians owe more than ever before on their mortgages, but fewer borrowers are falling behind on their payments.

Continue Reading On cbc.ca »

Banks.ca constantly finds the best and most current mortgage information available in Canada.

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