Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Beware of “Friendly” Calls From Your Bank + MORE Jun 9th
For better or worse, Canadians have a lot of trust. In each other, in their government, in the places they eat, in the places they shop – and apparently in the places they bank. A 2020 survey found that seven out of 10 Canadians believe their banks have their best interest in mind when offerin.... More »
Breaking a mortgage for better rates can pay off – but beware of the costs + MORE Oct 7th
Interest rates are dropping, but many Canadians are still feeling the hangover of the highest lending costs in a generation..... More »
Why Canadian fixed mortgage rates are rising again + MORE May 15th
After briefly dipping below 4%, most five-year fixed mortgage rates at Canada’s major banks are back above the 4% mark, and could stay elevated for the foreseeable future, experts say..... More »
Can Canadians Stand Up to a Tougher Stress Test? Apr 4th
Buying a home in Canada just got a lot more stressful. Recently, the OSFI’s stress test has become substantially more challenging to pass – and hardly anyone noticed. The qualifying rate is now as high as 6.00%. If it wasn’t hard enough to purchase a home in Canada, now it’s even harder..... More »
How Canada’s Small Businesses Can Create Resilient Futures Oct 14th
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Created by
Adam Kirsh, AVP Salesforce Canada
Instead of ‘doomscrolling’ — otherwise known as obsessively checking social media for negative stories about the pandemic and .... More »
Reaction to CMHC’s Clampdown on Mortgage Fraud
– canadianmortgagetrends.com
Last month the Canadian Mortgage and Housing Corporation (CMHC) formally asked the Canada Revenue Agency to take a more active role in verifying income claimed on mortgage applications in an effort to clamp down on mortgage fraud. The CMHC says the move is necessary given that “the industry’s current detection tools have not kept pace […]
