Interested in learning more about property mortgages in Canada? Look no further!
Latest News
Preparing for the next wave of renewals: Manulife’s unique solutions + MORE Apr 24th
The mortgage industry is in the midst of a transition in Canada, and Manulife is ready to evolve with it..... More »
The Latest in Mortgage News: iA Exits the Residential Mortgage Market Sep 18th
After nearly 50 years of providing residential mortgages to Canadians, Industrial Alliance Financial Group announced its exit from the space this month. “This is a result of our decision to focus on investments in key sectors for the Group,” iA spokesperson Pierre Picard told CMT. “.... More »
Inheritance coming your way this year? Planning for it means you won’t waste it Jan 9th
Set life goals, think of the present and future, weigh your contribution to the mortgage, and earn interest all the while, says Lesley-Anne Scorgie..... More »
Thinking of a private mortgage? Here’s what lenders want to see + MORE May 9th
Private mortgages continue to play an important role in today’s Canadian housing market, especially as traditional lending guidelines tighten. Yet many borrowers are surprised to learn that private lenders don’t simply look at one or two factors — they assess a wide range of details that can m.... More »
Why borrowers are smarter than they look + MORE Jan 1st
Canadians are constantly criticized taking on too much debt in today’s low interest rate environment. But a new study shows that mortgage holders are paying off their homes faster and faster, thanks to extra payments that are applied to the principal owing rather than the interest. The result is t.... More »
Stay away from mortgage cashback offers!
– canadamortgagenews.ca
It’s the Spring market… ok, the weather isn’t saying this but the real estate market is. You’re gonna start seeing and hearing more ads on TV, radio, news sites, even finance blogs. So here’s a some quick words of advice. STAY AWAY FROM TODAY’S CASH BACK OFFERS! There are a few different types of […]
A Busy March Mortgage Market
– ratesupermarket.ca
The saying is March comes in like a lion, and out like a lamb – but it’s already been a busy month for the mortgage market.
The week kicked off with the latest edition of our Mortgage Rate Outlook Panel – if you plan to be a spring home buyer, renewer or refinancer, be sure to check out their stance on March mortgage rates. The Bank of Canada also dropped their latest announcement – with no change to monetary policy. Small surprise, but they did unveil some interesting insights for the Canadian economy. Check out the top ways this can affect you.
No Sudden Spring Growth Expected For March Mortgage Rates
Long awaited higher temps may be in store for Canadians this month, but don’t expect the same for fixed and variable mortgage rates. Our expert Mortgage Rate Outlook Panel has spoken, and its status quo for the cost of borrowing for the rest of the month.
Read Kelvin’s Blog | No Sudden Spring Growth Expected For March Mortgage Rates
Bank of Canada Announcement: Inflation and Debt Still Top Concerns
The Bank of Canada announced Wednesday that it will leave central interest rates untouched once again…
CMHC mortgage insurance rates increasing but still cheaper than 10 yrs ago.
– canadamortgagenews.ca
Canada Mortgage and Housing Corporation (CMHC) announced they will be increasing the cost of insurance premiums effective May 1st. The premium increase is minimal and isn’t expected to slow the mortgage volumes (see below for cost changes). The move isn’t that puzzling given that CMHC’s most recent financial statements from 2013 show their volumes […]
Q1 2014 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
Slowing consumer lending and margin pressure from low rates didn’t kill the earnings party for Canada’s banks. As they seem to do more often than not, the "Big 6" pulled…
