Reaction to CMHC’s Clampdown on Mortgage Fraud Aug 13th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Equitable Casts Giant Reverse Mortgage Lure for Brokers Oct 22nd

What do you do when your competition has a 32-year head start? If you’re Equitable Bank, you pay brokers 150% more than normal. That’s the surprising move Equitable has made to build momentum in its reverse mortgage business. This degree of compensation is virtually unprecedented in this sector..... More »
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Looking Beyond the Big Banks: How Playing the Mortgage Field Could Save You Thousands Mar 3rd

When it comes to your mortgage, there’s no need to settle for the most obvious options. When the time comes to buy a house, most Canadians rely on only the ‘big six’ banks to find a competitive interest rate. An HSBC study from last year shows Canadians are among the least likel.... More »
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Housing slump? Recession? Not so fast… Nov 24th

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CMHC reports annual pace of housing starts slowed in February + MORE Mar 9th

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The Latest in Mortgage News – Home Prices and Rate Hikes + MORE Oct 4th

Interest rates, and more specifically the growing certainty of higher rates to come, have been dominating headlines following the announcement of a new trade agreement between Canada, the U.S. and Mexico. With the expectation of rising interest rates, many eyes are also on the developments in the re.... 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 […]

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