Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Many mortgage holders have little room for higher payments: MPC + MORE Jun 26th
New consumer research finds recent buyers and newcomers are facing sharper affordability pressure, even as confidence in homeownership remains resilient..... More »
How a secondary suite can make buying a home more affordable in Ontario + MORE Aug 28th
Whether you’re a newer investor or more experienced, there are undoubted benefits to letting out units as a duplex, triplex, or fourplex. Generally speaking, more units means higher returns—assuming the building is large enough to accommodate such a renovation. For homeowners, adding a secondary.... More »
First National mortgage volumes fall 12% as housing activity slows + MORE Aug 1st
Higher renewal volumes partially offset weaker new business, while mortgages under administration increased to nearly $170 billion..... More »
House rich, cash poor: When a reverse mortgage might make sense Jul 14th
Reverse mortgages were at one time considered the Wild West of financial products, associated with aggressive and even predatory sales tactics targeting seniors in the United States. .... More »
CMHC multi-unit insurance jumps 30% as securitization volumes rise
– canadianmortgagetrends.com
Canada Mortgage and Housing Corporation insured 71,733 multi-unit residential units in Q1, far outpacing traditional homeowner insurance as its securitization activity also climbed.Scotiabank to buy small Dallas bank in mortgage-finance play
– canadianmortgagetrends.com
Scotiabank agreed to acquire Maple Financial Holdings Inc., which owns a small U.S. commercial bank, as the Canadian firm looks to expand its structured-finance business in the American mortgage industry. Housing starts held back by regulatory conditions, structural factors: CMHC
– canadianmortgagetrends.com
A new report by the Canada Mortgage and Housing Corp. says regulatory conditions, along with economic and demographic structural factors, have slowed the pace of housing starts and pushed home prices higher.Fixed mortgage rates head higher, with one silver lining for some borrowers
– canadianmortgagetrends.com
A recent spike in bond yields has lifted fixed-rate offers, but homeowners breaking a mortgage could see lower penalties, depending on their lender.Laurentian’s mortgage book shrinks as bank advances sale transactions
– canadianmortgagetrends.com
Laurentian Bank reported a second-quarter loss tied to restructuring and transaction costs, while its residential mortgage portfolio continued to decline as the bank prepares to exit retail and SME banking.
