Mortgage up for renewal? Read this first + MORE May 9th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Moving this summer? Don’t overlook these costs Jun 20th

There’s more to a real estate transaction than a mortgage..... More »
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Mortgage borrowing slides to lowest since 2014 + MORE Jun 14th

Canadian mortgage borrowing over the first three months of 2018 fell by $2 billion to $13.7 billion — the lowest level since 2014 — following the introduction of new lending rules and a rise in interest rates..... More »
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The Run Down on Reverse Mortgages: What Are They and Why Do Homeowners Get Them? + MORE Jun 23rd

Although it may seem like a complicated or paradoxical concept, the features that make up a reverse mortgage are rather simple. A reverse mortgage is a home equity product that allows homeowners aged 55 years and older to access up to 55 per cent of the value in their home. Homeowners can choose to.... More »

Bank of Canada raises benchmark interest rate to 1.5%, noting trade tensions - CBC.ca + MORE Jul 11th

CBC.caBank of Canada raises benchmark interest rate to 1.5%, noting trade tensionsCBC.caFor the fourth time in a little over a year, the Bank of Canada has raised its benchmark interest rate, a move that will increase the cost of borrowing for Canadians with variable-rate mortgages and lines of cred.... More »

Broker Lender Market Share – Q1 2018 Jun 11th

Credit unions saw their slice of the broker pie shrink in Q1. That comes despite OSFI’s January 1 stress test, which played right into their hands given they are provincially regulated. Broker market share for CUs fell 0.6% versus Q1 2017. Less competitive pricing was a key reason. In particul.... More »
Canadian banks’ mortgage-rate increases could trigger rise in qualifying rate, analysts sayThe central bank’s conventional mortgage five-year rate, which is updated weekly, was 5.14 per cent as of May 2.

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Mortgage up for renewal? Read this firstNew mortgage rules and higher interest rates may make it more difficult for you to renew your mortgage.

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