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
CMHC exceeds 2023 housing goals despite economic headwinds May 12th
The Canada Mortgage and Housing Corporation surpassed its 2023 housing targets despite difficult economic conditions and internal financial struggles..... More »
The Latest in Mortgage News: New Data on Financial Distress in Canada + MORE Jun 29th
A significant number of Canadian households reported being late on a debt payment or missing it entirely, according to a new report from Statistics Canada. The 2016 data from the agency’s Survey of Financial Security shows that more than 1-in-10 Canadians (11%) with some form of debt reported skip.... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks + MORE Aug 11th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
What real estate experts expect in 2016 Jan 25th
Q: What should we expect in 2016, when it comes to Canada’s housing and mortgage market? What advice or warnings would you give to buyers, sellers, current home owners and real estate investors?
Answer No. 1: 2016 is going to see more of the same. We have seen huge sales numbers and high price.... More »
What to know about mortgages from alternative lenders + MORE Mar 25th
TORONTO — Samantha Brookes has been warning Canadians to take a close look at the clauses in their mortgage contracts for years, but her refrain has become a bit more prevalent in recent months.
Since the Office of the Superintendent of Financial Institutions’ mortgage stress test was implem.... More »
Pace of residential construction slows in Ottawa
– canada.com
Builders in and around the city of Ottawa have scaled back the pace of construction on the heels of a recent warning from Canada Mortgage and Housing Corp. Last month the federal housing watchdog said a glut of unsold condominiums was cause for concern for the health of Ottawa’s housing market, especially since more units are […]
Lender Call Roundups
– canadianmortgagetrends.com
If you’re a mortgage industry watcher, you’ll find occasional wisdom in the earnings calls of Canada’s non-bank lenders. So we’ve decided to cherry-pick some of their soundbites and post them in a new series called Lender Call Roundups. This quarter, we heard from Home Trust on its terminated brokers, Street Capital on its bank application and the end of its loyalty program, and First National on the success of its TD partnership. Here’s a quick rundown of their comments, with highlights in blue. Street Capital Notables from its call: “Consistent with last year’s quarter’s drivers, the strong uptick in revenue for the first three and READ MORE
