Interested in learning more about property mortgages in Canada? Look no further!
Latest News
The Latest in Mortgage News – An Eye on Real Estate + MORE Mar 30th
A number of reports this month have provided some insight into the latest movements in Canada’s housing market. New data shows that home sales and prices continue to fall in Toronto and Vancouver, with the exception of Toronto condo sales, which have reached a new high. RBC also came out with .... More »
Why I started this site… 400+ articles later Feb 4th
I’m often asked why I started this site. It’s simple: I was tired of reading misinformation and twisted truths about mortgage brokering in Canada.
Back in 2009 when I created the site, there were some new blogs reporting on mortgage trends and offering ‘expert’ advice. (I use the term ‘e.... More »
Canadians opting for shorter mortgage terms as they hope for declining interest rates + MORE Jun 15th
Canadian housing mortgage rates are all over the map. Don't get trapped in an unnecessarily costly mortgage agreement.
You Don’t Need a Big Bank to Get a Mortgage - canadamortgagenews.caIt’s tough to get a mortgage these days. New and existing clients have been calling non-stop letting me.... More »
Mortgage Career: Mortgage Professionals Canada Aug 5th
Company: Mortgage Professionals Canada Position: Manager, Marketing Location: Toronto, Ontario Apply to: Click here Manager, Marketing About Us Established in 1994, Mortgage Professionals Canada is the national mortgage broker industry association representing the largest and most respected network .... More »
Home Capital Was Hours Away From Collapse: Report + MORE May 15th
There was no end in sight to the crisis at subprime lender Home Capital this week, with the bank warning the run on its deposits casts doubt on its ability to continue operating.
Home Capital has seen 94 per cent of the deposits in its savings accounts disappear in recent weeks, as depositors fled .... More »
President's Choice Fin'l – 9 year Closed : 4.67% (0.11%)
– ratesupermarket.ca
President’s Choice Fin’l 9 year Closed mortgage rate was changed on September 25, 2013
Advent Mortgage Services – 5 year Closed : 3.39% (0.71%)
– ratesupermarket.ca
Advent Mortgage Services 5 year Closed mortgage rate was changed on September 23, 2013
Spotlight On Mortgages: September 27, 2013
– ratesupermarket.ca
Where Have All The Condo Buyers Gone?
There’s less interest in Toronto’s glittering skyline these days. The August numbers from RealNet Canada and the Building Industry and Land Development Association show sales demand for high rise condos in the GTA is at a decade low – down 18 per cent year over year and 46 per cent below the 10-year average.
The condo market has long been the go-to for the first time buyer segment in Toronto and Canada’s other urban centres. High rise living has boomed over the past five years as new buyers, fueled by record low mortgage rates, snapped up units in droves. Today’s dropping sales signal a declining ability of young adults to enter the market – they simply can’t afford to buy, even at notoriously cheaper condo prices. So – where have these buyers gone?
1. They’re Living With Their Parents
Despite Finance Minister Jim Flaherty’s best efforts to cool the market, prices remain prohibitively high in the Toronto area, as land supply shrinks…
Why Mortgages And Retirement Don’t Go Together
– ratesupermarket.ca
What’s the biggest expense facing those over 55? No, it’s not health care. Instead, it’s what they shell out for home mortgages and property taxes.
While spending drops for most individuals once they’re in retirement, the bulk of expenditures go towards home-related expenses, according to data from the Employee Benefit Research Institute.
That research shows that while consumers progressively spend less money as they age, housing-related costs still consume close to half of their total expenses – leading to a new phenomenon among mortgages and retirement.
Even if older people eventually pay off their mortgages, they still end up paying out a good deal of cash on maintenance costs, utilities and property taxes — all of which never seem to go away, EBRI notes.
Why Paying Off The House Is Put On The Back Burner
Paying off the family house has always been a strong part of any money management plan since, for most people, that mortgage is an enormous obligation that hangs over them for decades…
President's Choice Fin'l – 8 year Closed : 4.56% (0.14%)
– ratesupermarket.ca
President’s Choice Fin’l 8 year Closed mortgage rate was changed on September 25, 2013
