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
Rising delinquencies test resilience of Canada’s mid-size lenders Oct 28th
Morningstar DBRS says mortgage delinquencies are climbing at Fairstone and Equitable while Laurentian remains resilient..... More »
Mortgage Digest: 5 big banks cut fixed mortgage rates following bond yield drop + MORE Feb 17th
Mortgage providers nationwide have been gradually lowering their fixed mortgage rates, including five of the country's Big 6 banks..... More »
Inflation data and Bank of Canada decision lead busy week for mortgage watchers Mar 16th
Inflation, home sales and two central bank rate decisions could shape expectations for borrowing costs and the spring housing market..... More »
Enforcement against mortgage professionals jumps as FSRA flexes new powers Apr 3rd
With higher fine limits now in place, regulators say recent penalties may only reflect the early stages of a stricter regime.... More »
70% of Scotiabank’s mortgage originations in Q1 were multi-product deals + MORE Mar 1st
Scotiabank is reporting success in its efforts to grow its deposits and increase profitability by doing more cross-selling to new mortgage clients..... More »
Scotiabank’s return to competitive mortgage pricing is “huge” for brokers
– canadianmortgagetrends.com
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, Scotia’s move on Friday to lower its broker rates, while many other lenders were continuing to raise conventional mortgage rates, “shocked the world.” The rate drops bring Scotia in line with the best broker rates offered by TD, […]
How fixed-payment variable-rate mortgages have saved Canada’s economy, and why their future could be at risk
– canadianmortgagetrends.com
Canada’s economy has so far managed to avert recession and shrug off the fastest rate-tightening cycle in the nation’s history. And one of the key reasons for that is due to the prevalence of fixed-payment variable-rate mortgages, which experts say have cushioned borrowers from the full impacts of the Bank of Canada‘s rate hikes. Fixed-payment variable rates, which are offered by banks such as TD, BMO and CIBC, mean the borrower’s monthly payment remains the same as rates increase, while […]
