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
70% of Scotiabank’s mortgage originations in Q1 were multi-product deals + MORE Mar 1st
Scotiabank is reporting success in its efforts to grow its deposits and increase profitability by doing more cross-selling to new mortgage clients..... More »
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 »
Housing starts up 3% in January, but trade risks add ‘significant uncertainty’: CMHC Feb 20th
Canada Mortgage and Housing Corp. says the annual pace of housing starts in January rose three per cent compared with December, helped by strength in multi-unit starts in Quebec and B.C..... More »
Honouring the latest Mortgage Hall of Fame inductees Oct 20th
After a pandemic-induced hiatus, hundreds of mortgage professionals gathered at the Vancouver Convention Centre Monday night to honour the latest inductees into the Canadian Mortgage Hall of Fame..... More »
The Latest in Mortgage News: BoC’s Affordability Index reaches worst level since 1991 Aug 15th
Housing affordability deteriorated to its worst level in over 30 years, according to data from the Bank of Canada..... More »
Insured and Uninsured Mortgage Stress Test Changes Confirmed for June 1
– canadianmortgagetrends.com
Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage.
Q1 Lender Earnings: The Recovery is Underway
– canadianmortgagetrends.com
Some of the country’s key mortgage lenders unveiled their first-quarter results, which were positive across the board. The lenders were able to take advantage of a hot housing market, alongside improving economic conditions and reduced loss provisions. One highlight was Home Capital addressing its continued use of pandemic underwriting guidelines, given that many of its competitors have since re-adopted their pre-pandemic guidelines. “Our pandemic underwriting guidelines are still in place, but are currently under review,” Home Capital President and CEO […]
