Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
They’re both 25 and make $262,000. This couple wants to pay off their mortgages and spend more on travel. How do they start? Feb 4th
Ace and Ada know they make a lot money for people their age, but it came out of “sweat and tears” and following in the footsteps of immigrant parents. Now they want to know how to spend it..... More »
The State of the Residential Mortgage Market: 2021 Mar 26th
Despite the headwinds of a global pandemic, Canadians’ interest in real estate and the resulting rise in prices took even the most seasoned experts by surprise. This, of course, had major implications for the mortgage market. Mortgage Professionals Canada’s Annual State of the Residentia.... More »
How the mortgage stress test is impacting qualification amounts + MORE Jun 22nd
As of June 2022, we are currently seeing unnatural discrepancies in the size of mortgage loans borrowers will qualify for, and it’s all because of a rift in the space-time stress test continuum. You see, most 5-year fixed mortgage rates are already over 5%, making their stress test a full 2% highe.... More »
Can Mortgage Brokers Compete with Low Online Rates? Oct 23rd
As mortgage brokers, we should assume our clients and prospects have access to much of the same information we do. But sometimes they don’t, and in such cases we can focus on finding the best lender solution..... More »
CMHC reports annual pace of housing starts down in May compared with April Jun 17th
Canada Mortgage and Housing Corp. says the annual pace of housing starts in May fell 6% compared with April..... More »
Mortgages: The Digital Future
– canadianmortgagetrends.com
Most of the financial world is already heavily invested in online distribution. And then there’s the mortgage business. Our industry is scampering to catch up. But catch up it will…and soon. That was the vivid takeaway from last week’s 2nd annual Digital Mortgage Conference in San Francisco. Interest in online mortgages is getting more palpable […]
