Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Haventree Bank launches direct-to-consumer digital bank + MORE Jul 8th
The Schedule 1 bank is rolling out a new consumer deposit platform, marking a major move beyond broker-distributed mortgages and brokered deposits after more than three decades in the alternative lending space..... More »
‘It’s choking me’: This homeowner’s mortgage payments have shot up by more than $1,000 a month. What should he do? + MORE Dec 31st
‘I was naive. I’ve never experienced rate hikes like this before,’ homeowner says, adding he plans to switch to a five-year fixed rate when rates hit 3%..... More »
CMHC reports annual pace of housing starts up eight per cent in October Nov 18th
Canada Mortgage and Housing Corp. says the annual pace of housing starts in October rose eight per cent compared with September..... More »
Ottawa to allow 30-year amortization for first-time buyers’ mortgages on new homes + MORE Apr 12th
Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain home buyers, but say expanding the policy to all Canadians would help make home ownership more affordable.
Speaking in Toronto on Thursday, Finance Minister Chrystia Freeland announced.... More »
Planning to use your home equity in retirement + MORE Jun 2nd
How much of your net worth is wrapped up in your home? According to Statistics Canada, the median net worth for senior families in 2023 was $1,109,700. The most common type of asset for Canadians was a family home, with a median value of $500,000.
Since home equity makes up such a significant all.... More »
Q4 Earnings Mortgage Morsels: TD & National Bank of Canada
– canadianmortgagetrends.com
TD Bank’s fourth-quarter earnings beat analyst expectations this week thanks to record loan originations across its businesses, including mortgages.
The complete guide for first-time home buyers
– moneysense.ca
Buying a property is an exciting experience, but as a first-time home buyer, it can also be overwhelming, especially if you’re not sure where to start. But there are some steps that anyone shopping for a home should take, from figuring out what you can actually afford to getting pre-approved for a mortgage and understanding the government programs designed to help you.
You’ve got questions, and we’ve got the answers in our complete guide for first-time home buyers in Canada. Below, you’ll find information on:
Is home ownership right for you? Home much you need to save to buy a homeHow much can I afford on a mortgage?Why you should get pre-approvedWhat is the mortgage stress test? How much can you actually afford?How to choose between a lender and a mortgage brokerHow to take advantage of first-time home buyer programsNext steps: You’ve bought your first home—now what?
Get the mortgage rate that works for you.Find the best rate for you in under 2 minutes at ratehub…
Q4 Earnings Mortgage Morsels: Scotiabank & RBC
– canadianmortgagetrends.com
A reduction in provisions set aside for potential credit losses boosted fourth-quarter earnings results for both Scotiabank and RBC this week.
