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Latest News
The best credit cards for newcomers to Canada for 2024 + MORE Jul 29th
Credit Cards
The best credit cards for newcomers to Canada for 2024
As a newcomer, you’ll want a credit card that offers you the best value without having a long Canadian credit history. Here’s a list of our favourite cash back, rewards, low-interest cards and more.
.... More »
How to grow your reverse mortgage business by partnering with realtors + MORE Jun 5th
Bring flexible financing solutions to the table to help realtors close more deals..... More »
Latest in Mortgage News: Newton Launches Rate Search Engine “Discovery” + MORE Oct 13th
Newton Connectivity Systems this week launched its new broker rate search engine, Discovery. The system, which also serves as a rate distributor for lenders, promises to improve efficiency and the quality of service brokers can provide to their clients, Kevin Dear, VP of Broker Experience at Newton,.... More »
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 »
What to know about mortgages from alternative lenders + MORE Mar 25th
TORONTO — Samantha Brookes has been warning Canadians to take a close look at the clauses in their mortgage contracts for years, but her refrain has become a bit more prevalent in recent months.
Since the Office of the Superintendent of Financial Institutions’ mortgage stress test was implem.... More »
Bust Seasonal Overspending
– ratesupermarket.ca
It’s easy to be in a “don’t worry, be happy” frame of mind in the summer. But if you’re shirking your debt repayment plan for pricey fun in the sun, your finances will be in a gloomy state come fall.
Yet this this spend-free attitude is taken by many young Canadians, according to a recent CIBC poll. Check out the full report below, along with the rest of the week’s top headlines.
July Mortgage Rates: A Midsummer Buyer’s Dream
Scorching real estate demand (and subsequent prices) are putting the heat on prospective homebuyers – but the silver lining lies in the continuation of record low mortgage rates throughout the summer. Our expert Mortgage Rate Outlook Panel has shared their take on upcoming mortgage trends. Click below for their full analysis.
Read Penelope’s Blog | A Midsummer Buyer’s Dream
4 Ways to Stop Your Summer Overspending
A Tangerine survey on summer spending finds the majority of Canadians are actually quite responsible with their warm-weather cash… with the exception of Millennials who prioritize summer fun over debt repayment and savings…
Yet this this spend-free attitude is taken by many young Canadians, according to a recent CIBC poll. Check out the full report below, along with the rest of the week’s top headlines.
July Mortgage Rates: A Midsummer Buyer’s Dream
Scorching real estate demand (and subsequent prices) are putting the heat on prospective homebuyers – but the silver lining lies in the continuation of record low mortgage rates throughout the summer. Our expert Mortgage Rate Outlook Panel has shared their take on upcoming mortgage trends. Click below for their full analysis.
Read Penelope’s Blog | A Midsummer Buyer’s Dream
4 Ways to Stop Your Summer Overspending
A Tangerine survey on summer spending finds the majority of Canadians are actually quite responsible with their warm-weather cash… with the exception of Millennials who prioritize summer fun over debt repayment and savings…
Mortgage renewal opportunities missed.
– canadamortgagenews.ca
DON’T SIGN THAT RENEWAL AGREEMENT BEFORE SPEAKING WITH YOUR BROKER! Summer is a great time. Vacations, time off, no school, sun and fun. It’s also a time when most of our mortgages come up for renewal. This year, things are a little different. The loooong winter is really making us cherish the precious few […]
RateHub to Launch a Mortgage Brokerage
– canadianmortgagetrends.com
Mortgage leads are profitable but mortgages themselves are much more so. It’s not a complete shock then that RateHub.ca, a lead generation company, is starting its own brokerage. RateHub, a leading mortgage rate comparison site, hasn’t publicly named the new brokerage yet, but says it will launch later this year. It will be managed by […]
July Mortgage Rates: A Midsummer Buyer’s Dream
– ratesupermarket.ca
Improving economy won’t be enough to hike central interest rates
Prospective buyers looking to tackle Canada’s scorching real estate market (and subsequent prices) can continue to rely on record-low borrowing costs this month. Discounted fixed and variable mortgage rates, which have proven to be the saving grace for many aspiring homeowners, will linger throughout July, softening the blow of tighter qualification requirements and ever-rising home prices.
Fixed Mortgage Rates: Unchanged
Fixed-rate mortgages will continue to be competitively priced this month, with the best five-year options below 3 per cent. Bond yields, which have experienced limited movement, won’t put additional pressure on pricing, leading our experts to believe rates will remain at status quo.
Variable Mortgage Rates: Unchanged
Despite encouraging signs of economic recovery both in Canada and the U.S., it’s too soon to tell if changes to central interest rates would be sustainable. Higher-than-expected inflation numbers mean a rate cut is off the table – but it’s also unlikely that the Bank of Canada will back away from current stimulus measures with a rate hike on July 16th…
Prospective buyers looking to tackle Canada’s scorching real estate market (and subsequent prices) can continue to rely on record-low borrowing costs this month. Discounted fixed and variable mortgage rates, which have proven to be the saving grace for many aspiring homeowners, will linger throughout July, softening the blow of tighter qualification requirements and ever-rising home prices.
Fixed Mortgage Rates: Unchanged
Fixed-rate mortgages will continue to be competitively priced this month, with the best five-year options below 3 per cent. Bond yields, which have experienced limited movement, won’t put additional pressure on pricing, leading our experts to believe rates will remain at status quo.
Variable Mortgage Rates: Unchanged
Despite encouraging signs of economic recovery both in Canada and the U.S., it’s too soon to tell if changes to central interest rates would be sustainable. Higher-than-expected inflation numbers mean a rate cut is off the table – but it’s also unlikely that the Bank of Canada will back away from current stimulus measures with a rate hike on July 16th…
