Q3 Lender Earnings: The Unexpected Recovery Dec 2nd

Learn more about Canadian mortgage rates, rules and the latest news – read on!
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 mortgage penalties

This 34-year-old hospital worker has three kids and a mortgage to pay off. Making $104,000 a year, he wants to save $50K each for his kids. How can he start? Dec 23rd

Mel would also like to save enough for retirement, at least $1 million each for him and his wife, and also purchase a second real estate property to rent out..... More »

Q4 2020 Bank Earnings – The End of Mortgage Deferrals Jan 13th

When 2020 came to an end, so too did the vast majority of mortgage deferral programs offered by the Big 6 banks and other Canadian lenders..... More »
 home loans

Canada’s best credit cards for people with bad credit 2021 Jan 10th

Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. But if you want to improve your credit score, you’ll have to show you can handle credit responsibly—and the only way to do that is (you guessed it) to have a credit card. When used properl.... More »

How Canada’s Mortgage Lenders Adapted to the ‘New Normal’ Dec 14th

  The COVID-19 pandemic and the resulting nationwide lockdown forced the country’s mortgage lenders—like many businesses across the country—to adjust their operations in this unprecedented and brave new world of conducting business. They were faced with keeping the country’s mortgage de.... More »
 mortgage buyout

Because not everyone fits into the same box Dec 11th

You might have seen the headline “HSBC crushes mortgage records with 0.99% variable rate”. No doubt about it, this is a great rate. However, it’s not for everybody. It is important to remember, like most deals, there are some restrictions. Among other things this offering is li.... 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 […]

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