Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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3.4 million Canadians will renew their mortgages by 2025: Royal LePage - Financial Post + MORE Oct 26th
3.4 million Canadians will renew their mortgages by 2025: Royal LePage Financial PostSurvey finds Canadian homeowners fret over mortgage renewals Toronto StarMortgage renewal: New survey says many concerned about rising interest rates CTV News OttawaInterest rates: H.... More »
Debt to household income ratio rises in third quarter, household net worth + MORE Dec 15th
OTTAWA _ The amount Canadians owe relative to their income hit a new high in the third quarter.
Statistics Canada said Thursday that household credit market debt as a proportion of household disposable income increased to 171.1 per cent, up from 170.1 per cent in the second quarter.
That means there.... More »
TD returns to positive earnings, but mortgage stress grows + MORE Aug 29th
TD Bank returned to profit in the third quarter after a loss in Q2 tied to U.S. regulatory and restructuring charges, even as rising mortgage delinquencies pointed to mounting household strain..... More »
The Latest in Mortgage News: CMHC to Review Investment Property Down Payments + MORE Jan 13th
It's no secret that the federal government is eyeing reforms to investment properties in an effort to help reel in runaway house prices..... More »
Does Canada’s real estate sector risk being a hotbed for crime? + MORE Sep 16th
OTTAWA – An in-depth review of Canada’s anti-money-laundering efforts has uncovered serious concerns that organized crime is using the country’s hot real estate sector to illegally funnel cash.
The report from the Paris-based Financial Action Task Force makes special note of real estat.... More »
Collateral Charge Undercover – Chapter 2
– canadianmortgagetrends.com
CBC’s Marketplace is out with a new undercover report on collateral charge mortgages. The consumer affairs program found some bank reps who were not disclosing the pitfalls of collateral charges. That’s despite banks pledging to present collateral mortgages in language that’s “clear, simple and not misleading.” CBC’s hidden camera catches one bank rep explaining collateral charges so poorly, he really has no business selling mortgages at all. Marketplace then tapes another rep who misleadingly suggests that it’s easy to switch lenders with a collateral charge. That rep goes on to admonish the customer for “shopping around on rates.” CBC says the mortgage specialists it targeted didn’t READ MORE
Rate shopping sites…tested again.. and failed again.
– canadamortgagenews.ca
A few years ago, I published a study on Rate shopping sites. These sites were gaining popularity with consumers as a place to go if you wanted to get the best rates. And they attracted a lot of attention. You know the sites… they have catchy ads like ‘shopping for the Best Mortgage rates in […]
Mortgage Rates hit Record lows again!
– canadamortgagenews.ca
This isn’t 2010, 11, 12, 13 or even 2014… It’s 2015, and once again, we are making this announcement. 5 year Fixed Mortgage rates are an new all-time lows! Today, you can get a 5 yr fixed rate for 2.79%, even 2.74%, with some conditions. (and by the way, yes, I am seeing slightly lower […]
