Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
How the mortgage stress test is impacting qualification amounts + MORE Jun 22nd
As of June 2022, we are currently seeing unnatural discrepancies in the size of mortgage loans borrowers will qualify for, and it’s all because of a rift in the space-time stress test continuum. You see, most 5-year fixed mortgage rates are already over 5%, making their stress test a full 2% highe.... More »
Mortgage penalty calculator + MORE Jan 22nd
If you have a closed mortgage and decide to break your mortgage contract before the agreed-upon term has expired, you’ll likely have to pay a prepayment penalty fee. A mortgage penalty calculator can help you figure out exactly how much those fees will be and will make it easier to know whethe.... More »
A Pre-Approval Does Not Guarantee a Mortgage Approval + MORE Apr 28th
Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But the truth is a buyer cannot expect a mortgage pre-approval will automatically translate into a mortgage. The lender now needs to consider the property itself, approve all the terms a.... More »
Unleashing the power of LinkedIn: essential strategies and hidden gems for mortgage professionals + MORE Jun 27th
In today's digital age, LinkedIn has become a powerful tool for professionals across industries to connect, network, and showcase their expertise..... More »
TD reports strong mortgage volumes and stabilizing amortizations + MORE Aug 27th
Despite a sharp slowdown in mortgage originations this year, TD reported continued strong volume growth of 4% in the second quarter..... More »
Q3 Lender Earnings: The Unexpected Recovery
– canadianmortgagetrends.com
The country’s key mortgage lenders recently released their third-quarter earnings, and it’s safe to say results were better-than-expected all around. Equitable Bank had its best-ever third quarter, while First National had its own record quarter. “For customers and partners, we originated a record volume of mortgages,” First National Chairman and CEO Stephen Smith announced, adding that the lender picked up broker channel market share in the quarter. Meanwhile, mortgage insurer Sagen MI Canada (formerly Genworth Canada) announced its own market […]
