Interested in learning more about property mortgages in Canada? Look no further!
Latest News
DLC Hires Star Economist + MORE Feb 24th
Dominion Lending Centres (DLC) has become the first mortgage broker network to have its own prominent in-house economist. The company announced today that Sherry Cooper, formerly BMO’s star Chief Economist, is now Chief Economist at DLC. It’s a head-turning move for Canada’s large.... More »
Rise in bond yields could send fixed mortgage rates higher, experts say Jan 21st
A sudden rise in bond yields this week could cause some lenders to reverse recent fixed mortgage rate cuts, experts say..... More »
Stress Test Impacts Measured + MORE Jul 26th
The government’s latest mortgage rule changes have caused an imbalance between supply and demand in almost every region of the country, and will result in an estimated 200,000 fewer jobs being created over the next three years. Those are among the findings of Mortgage Professionals Canada’s .... More »
Mortgage Career: First National – Residential Mortgage Underwriters + MORE Sep 2nd
Company: First National Location of position: Toronto, Ontario Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Residential Mortgage Underwriters We are hiring Residential Mortgage Underwriters at First National Financial LP! Closing Date: .... More »
Is it the right time to buy a house? Yes. If you have answers + MORE Jul 8th
Housing market is tough to get into—prices are high, but interest rates are low, so how do you know if it’s the right time to buy?
The practical answer has little to do with mortgage rates or housing prices and everything to do with with where you see yourself in five to 10 years. Do you expe.... More »
One Mortgage Association, or 6
– canadianmortgagetrends.com
There is no lack of threats facing the mortgage broker world: disintermediation, mortgage commoditization, shrinking compensation, the potential of banks leaving the channel, lack of awareness of brokers’ value proposition,…
2.99% Mortgage Rates Are Back!
– ratesupermarket.ca
Good things come to those who wait – and those timing the mortgage market are in for savings, as fixed mortgage rates plummet below the three per cent barrier once again.
Lenders have cut 5-year fixed mortgage rates to 2.99 per cent, not offered in Canada since August of last year. The rate, which will initially be available in Ontario, Alberta and British Columbia, will be a full featured mortgage product complete with prepayment options.
Consumers Poised To Save Big
What would you do with an extra $100 each month? Those are the savings Canadian home buyers can expect when financing their mortgage at 2.99 per cent, compared to the lowest big bank five-year fixed offering of 3.49 per cent.
- Canadians will pay $1,787 per month
- Canadians will save $98 per month
- Canadians will save $1,176 per year
- Canadians will save $29,400 over the course of a 25-year mortgage
Kelvin Mangaroo, President of RateSupermarket.ca, says lenders are taking their cue from the current economic climate…
Mortgage Careers of the Week
– canadianmortgagetrends.com
Company: CFF Bank Position Title: Retail Banking Account Manager Years of Experience Required: Minimum 5 years in the banking/financial industry Licences or Registrations Required: No Location of Position: Vancouver, B.C….
