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.
Latest News
OSFI calls stress test “incomplete,” seeks to address “problem” of fixed-payment variable-rate mortgages + MORE Sep 8th
It's no secret that Canada's banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that point during a speech today..... More »
How much total ‘credit’ should a couple have? + MORE Aug 1st
Q: I’m wondering how much total ‘credit’ I should have? My husband and I have a few credit cards and two Line of Credit (LOCs) between us totalling about $50,000. We don’t have a habit of maxing it out and we pay it off fairly regularly. I’m being offered another LOC f.... More »
Alterna Bank’s Fully Digital Mortgage Apr 6th
You can’t get a mortgage without talking to someone. Online mortgages are an invitation for fraud. You can’t assess mortgage suitability online. Digital signatures aren’t safe. You can’t cross-sell an online mortgage customer. These are the modern-day urban myths of Canada&.... More »
Inflation data and Bank of Canada decision lead busy week for mortgage watchers Mar 16th
Inflation, home sales and two central bank rate decisions could shape expectations for borrowing costs and the spring housing market..... More »
Mortgage Digest: Bond yields whipsaw, but fixed rates still have room to fall + MORE Apr 12th
Canadian bond yields have swung sharply in recent weeks, adding uncertainty to the outlook for fixed mortgage rates..... More »
The New Economic Plan
– ratesupermarket.ca
Big news was revealed this week with implications for every Canadian; the Federal Budget has been revealed after 5 months of anticipation. How will the Liberals’ new spending plan impact your bottom line? Be sure to check out our coverage.
Meanwhile, Canada’s housing market continues to defy the odds, prompting the Canadian Real Estate Association to up its forecast for the year. Read on for the full story.
$29.4-Billion Deficit Announced in 2016 Federal Budget
The 2016 Federal Budget has been announced, and it reveals the Liberal government will run a $29.4-billion deficit for the fiscal year, with a focus on new infrastructure, tax changes and the middle class. Will the new spending benefit Canadians – and could it influence mortgage rates?
Read Penelope’s Blog | $29.4Billion Deficit Announced in 2016 Federal Budget
CREA Hikes Housing Market Forecast for 2016 – 2017
CREA has hiked their housing market forecast for this year and next as high demand persists despite rising prices…
Most millennials consider home ownership important, says poll
– canadianbusiness.com
TORONTO – A new poll by CIBC (TSX:CM) suggests home ownership is just as important to millennials as it is to most Canadians.
The survey shows 86 per cent of millennials view home ownership as important even though 42 per cent of them are renting and 21 per cent live with their parents.
Overall, according to the poll, 85 per cent of Canadians consider home ownership a priority.
Of those, 63 per cent say it makes financial sense to build equity and save for retirement while 59 per cent of millennials in the 18-34 age group say home ownership provides a sense of personal freedom.
Conversely, 15 per cent of Canadians say home ownership is not important, with nearly half saying it’s too big of a financial burden
Barry Gollom, vice president of mortgages and lending at CIBC, says it’s a myth that millennials don’t want to own their own home.
“In fact our poll suggests that millennials place as much importance on being a home owner as Canadians in other age groups,” he said…
The survey shows 86 per cent of millennials view home ownership as important even though 42 per cent of them are renting and 21 per cent live with their parents.
Overall, according to the poll, 85 per cent of Canadians consider home ownership a priority.
Of those, 63 per cent say it makes financial sense to build equity and save for retirement while 59 per cent of millennials in the 18-34 age group say home ownership provides a sense of personal freedom.
Conversely, 15 per cent of Canadians say home ownership is not important, with nearly half saying it’s too big of a financial burden
Barry Gollom, vice president of mortgages and lending at CIBC, says it’s a myth that millennials don’t want to own their own home.
“In fact our poll suggests that millennials place as much importance on being a home owner as Canadians in other age groups,” he said…
TORONTO — A new poll by CIBC (TSX:CM) suggests home ownership is just as important to millennials as it is to most Canadians.
The survey shows 86 per cent of millennials view home ownership as important even though 42 per cent of them are renting and 21 per cent live with their parents.
Overall, according to the poll, 85 per cent of Canadians consider home ownership a priority.
Of those, 63 per cent say it makes financial sense to build equity and save for retirement while 59 per cent of millennials in the 18-34 age group say home ownership provides a sense of personal freedom.
Conversely, 15 per cent of Canadians say home ownership is not important, with nearly half saying it’s too big of a financial burden
The survey shows 86 per cent of millennials view home ownership as important even though 42 per cent of them are renting and 21 per cent live with their parents.
Overall, according to the poll, 85 per cent of Canadians consider home ownership a priority.
Of those, 63 per cent say it makes financial sense to build equity and save for retirement while 59 per cent of millennials in the 18-34 age group say home ownership provides a sense of personal freedom.
Conversely, 15 per cent of Canadians say home ownership is not important, with nearly half saying it’s too big of a financial burden
Still an important milestone
Barry Gollom, vice president of mortgages and lending at CIBC, says it’s a myth that millennials don’t want to own their own home.
“In fact our poll suggests that millennials place as much importance on being a home owner as Canadians in other age groups,” he said…
