Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
The latest in mortgage news: record population growth to keep upward pressure on home prices + MORE Jul 21st
Canada's expected population growth will worsen the already limited housing supply and result in even higher home prices, according to a new report.... More »

Mortgage brokers are slowly embracing AI tools like ChatGPT + MORE Jul 15th
AI is creeping into every industry imaginable, from oil and gas to fintech, and the mortgage industry is no exception..... More »

Unleashing the power of LinkedIn: essential strategies and hidden gems for mortgage professionals + MORE Jun 27th
In today's digital age, LinkedIn has become a powerful tool for professionals across industries to connect, network, and showcase their expertise..... More »
CMHC consumer survey reveals the importance of follow-up contact by mortgage brokers + MORE May 13th
There was a simple but important lesson for mortgage brokers in CMHC's 2023 Consumer Survey released Wednesday: follow-up contact leads to more satisfied clients..... More »
Scotiabank’s return to competitive mortgage pricing is “huge” for brokers + MORE Aug 2nd
Scotiabank is back. After “intentionally slowing” its mortgage portfolio last year due to funding constraints, Scotiabank has announced to its broker partners that its competitive pricing is back, along with an expanded retail package program. As Ron Butler of Butler Mortgage described, .... More »
Nearly three-quarters of CIBC’s variable-rate clients have reached their trigger rate
– canadianmortgagetrends.com
Over 70% of CIBC’s variable-rate customers are seeing all of their mortgage payments go towards servicing interest costs.
Reverse mortgages: A financial solution made for today
– canadianmortgagetrends.com
The CHIP Reverse Mortgage from HomeEquity Bank allows Canadian homeowners age 55+ to access up to 55% of their home’s value and turn it into tax-free cash without having to move or sell.
Fixed mortgage rates back on the rise
– canadianmortgagetrends.com
Fixed mortgage rates in Canada surged last week thanks to a fresh run-up in bond yields.
Scotiabank “intentionally slowing” its mortgage portfolio
– canadianmortgagetrends.com
With its new CEO now at the helm, Scotiabank has laid out its plans for a shift in focus in terms of how its funds its loan book.
Problem & Solution: I Bought A New Home, But Haven’t Sold My Old One
– canadamortgagenews.ca

It’s easy to feel stuck when you’re in this situation. Luckily, with the right people and the right guidance, there’s always a solution. Here’s an example of a client we were able to get out of a pretty tight corner.
Background
The borrower, our client, owned a condo worth about $500k and had an outstanding mortgage balance of roughly $200k. He bought a new condo for $550k with the expectation that he could use the equity in his existing condo towards the down payment. Sounds like a reasonable expectation, right?
Very few people can afford to carry two mortgages at once…