Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Shift to variable, shorter-term mortgages raises borrowers’ rate exposure: CMHC + MORE Sep 9th
More than 85% of new uninsured mortgages carried either a variable rate or a fixed term of less than five years in the first quarter, increasing borrowers’ exposure to future rate changes..... More »
Rent or buy: When does homeownership actually make financial sense? + MORE Sep 18th
Should you rent or buy? Buying your own home is often viewed as a major financial milestone. But the financial case for owning a home isn’t as simple as “mortgage payment versus rent.”
Homeownership can build equity and provide long-term housing stability, but elevated home prices a.... More »
Home sales drop with ‘fresh round of economic headwinds’ ahead: CREA + MORE Sep 15th
The Canadian Real Estate Association (CREA) says home sales in August were down compared with a year ago as a fresh round of economic challenges threatens to dampen housing market momentum for the remainder of the year.
The organization said home sales last month totalled 37,504, down 6.9% from A.... More »
Big Six impaired loans nearly triple, but remain manageable: Morningstar DBRS Sep 6th
Impaired loans have climbed to $37.5 billion as consumer and commercial credit pressures grow, although mortgage delinquencies remain relatively low..... More »
Questbank appoints Bekim Merdita as Head of Sales & Marketing to lead next chapter of growth
– canadianmortgagetrends.com
The mortgage industry veteran will lead Questbank’s sales and marketing strategy as the bank expands nationally and strengthens its support for mortgage brokers.EQB gains uninsured mortgage share as credit pressures persist
– canadianmortgagetrends.com
EQB says stronger applications and closer broker relationships are helping it win business, even as impaired mortgages rise and enforcement timelines stretch as long as two years.
