Scare Up Some Savings + MORE Nov 1st

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

The Latest in Mortgage News: New Data on Financial Distress in Canada + MORE Jun 29th

A significant number of Canadian households reported being late on a debt payment or missing it entirely, according to a new report from Statistics Canada. The 2016 data from the agency’s Survey of Financial Security shows that more than 1-in-10 Canadians (11%) with some form of debt reported skip.... More »

Big banks slash mortgage rates this week to reflect lower bond yields in Canada + MORE Jan 12th

Nearly all of the country's big banks slashed their advertised fixed mortgage rates this week, in some cases by as much as 70 basis points (or 0.70%)..... More »

Ask the Expert: Can the new Liberal housing plan solve Canada’s housing crisis? Jun 14th

Recently, Prime Minister Mark Carney and the Liberal party unveiled Building Canada Strong, a new ambitious housing plan to accelerate residential construction with the goal of building 500,000 homes a year. Their most notable policies include cutting development fees for new cons.... More »

Bond Yields Surge, Mortgage Rates Rising in Response + MORE Feb 24th

Canadian bond yields hit their highest level since April in recent days, and a number of lenders have responded by starting to raise some of their mortgage rates. CMLS, MCAP and First National were among the non-bank lenders to increase at least some of their rates, with their broker rates rising 10.... More »

Mortgage Career: Merix Financial + MORE Jan 28th

Company: Merix Financial Position: Sales and Training Manager Location: Ontario Sales and Training Manager, Eastern Canada Are licences or registrations required? No How should candidates contact you? jill.paish@merixfinancial.com Corporate profile: MERIX Financial is proud to offer the Canad.... More »

Scare Up Some Savings

– ratesupermarket.ca

Happy Halloween! The ghoulish holiday has arrived, and with it the parties, getups and treats. In fact, a recent study finds Canadians will shell out more this year than before. Is your wallet screaming yet?

And that brings us to another terrifying financial undertaking – choosing your mortgage. The results are in from our Online Mortgage Survey on what YOU need to make the best choice. Read on for the full story.
In Mortgages: The Right Pro is as Important as Price
Home buyers may be turning to online resources to learn more about their mortgage options – but our recent study finds mortgage brokers remain an integral part of the process. In fact, 73 per cent of respondents say connecting with a pro is an absolute must when searching for that perfect mortgage rate. Read on for our findings, and to learn more about how a broker can help you save on your mortgage.
Read Penelope’s Blog | The Right Pro is as Important as Price
In Credit Cards: Could This Be The End of Credit Card Interchange Fees?
Did you know – you pay for credit card swipe fees in-store, even when you pay with cash or debit? Interchange fees have been a point of contention with retailers for years – and now the Conservative government wants credit card providers to lower them – or face a ruling if compromise cannot be reached…

Continue Reading On ratesupermarket.ca »

The Danger of Low-Rate Tunnel Vision

– canadianmortgagetrends.com

Mortgage advisors know that a great rate and a great mortgage are not synonymous. Regular interest expense is only one component of total borrowing cost. But how do you convince consumers of this when rates are the only thing they can easily compare? How do you convey that avoiding potential costs (like high mortgage penalties, refinance restrictions, […]

Continue Reading On canadianmortgagetrends.com »

Stay tuned for more mortgage wisdom brought to you by banks.ca!

Share