Interested in learning more about property mortgages in Canada? Look no further!
Latest News
TD Bank sees mortgage volumes rise 7% in Q2, gains market share May 27th
Despite a slow real estate market and high interest rates, TD Bank reported a 7% increase in real estate secured lending (RESL) in the second quarter..... More »
From military service to mortgage success: How Philippe Gauvin found his perfect calling + MORE Jun 24th
When Philippe Gauvin completed his military service in 2019, he wanted to find a career that similarly valued discipline, a strong work ethic, and that provided the opportunity to help people..... More »
2018 – Year in Review Jan 2nd
We’re about to turn the page on 2018, and many may feel not a moment too soon. Climbing fixed rates weren’t the only thing making mortgages less accessible in 2018. This was the first full year to measure the impacts of new federal mortgage rules. Provincial policies in B.C. and Ontario also.... More »
CMHC reports annual pace of housing starts dropped 17% in October Nov 18th
Canada Mortgage and Housing Corp. says the annual pace of housing starts in October fell 17% compared with September..... More »
Going big in a tiny space + MORE Mar 4th
When she and her husband moved their family of four to Toronto last year, Tanya Frenette knew a small living space was in store: They had lived a cramped city life before, and in between had spent several years in Vancouver—hardly a mecca of mega-sized homes, either.
Tanya admits her North Toronto.... More »
Tragedy Shakes Mortgage Industry
– canadianmortgagetrends.com
Shock and sadness are reverberating throughout Canada’s mortgage industry following an apparent murder-suicide that has struck painfully close to one of its own. Axiom Mortgage President and CEO Michael Cameron took to social media to express his grief over girlfriend Colleen Sillito’s senseless death on Friday. The two had been dating since early May. Sillito, a 46-year-old artist, photographer and mother of five, was reportedly killed by an ex-boyfriend in Fort Saskatchewan, where she lived. “She was passionate about life,” Cameron wrote on his Facebook page. “She loved her children. Her ability to create beauty through her art, photography, pottery READ MORE
4 Financial Tips for Post-Grad Students
– ratesupermarket.ca
Kids aren’t the only ones going back to school this fall; adults pursuing graduate school are also hitting the books. While the two most common reasons for going back to school are professional development or switching careers, a second lap through the classroom comes with extra financial challenges. For example, post-grad students often take night school on top of working their existing jobs. They’re also a consumer segment with greater debt obligations, family and mortgage commitments that usually don’t impact younger students.
Costs Are Rising for Post Grads
Attending university isn’t any less expensive the second time around, and tuition costs across Canada are rising. Statistics Canada reports students enrolled in graduate programs in Canada paid an average of about $6,210 in tuition fees for the 2014/2015 school year. Tuition fees have increased from last year in nine out of 10 provinces.
For example, pursuing the popular executive master of business administration program will cost you about$39,862 in tuition…
The pace of home construction rose to 230,701 units a year in September, the highest level in three years, the Canada Mortgage and Housing Corporation says.
2015 Retirement 100: All Stars
– moneysense.ca
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Overview
Full Ranking
All-Stars
The Leaders
The three big banks at the top of the class are the Bank of Nova Scotia (BNS), the Bank of Montreal (BMO), and TD Bank (TD). The first two offer yields of 4.7% while TD pays
3.9% and has a good dividend growth record. They’re joined by insurance firms Great- West Lifeco (GWO) and Sun Life Financial (SLF), which provide yields of 4.0% and 3.7%, respectively. In addition, Genworth MI Canada (MIC) makes the grade and pays a hefty dividend yield of 5.1%. It’s a mortgage insurance firm that trades at only 7 times earnings and 84% of book value due to worries about excesses in the Canadian real estate market…
Should You Accept That Pre-Approved Credit Limit Increase?
– ratesupermarket.ca
If you faithfully pay your loans, mortgage or credit card each month, you’ve probably gotten a call or letter from your bank telling you that you’ve been pre-approved for a credit increase or a line of credit.
But if you’re not currently using all the credit that you have available, you might not think you need it. Guess what? Turning down pre-approved credit increases might actually hurt your credit. This post will walk you through why you get offered these credit increases, how it can improve your credit score and when you should turn an increase down.
Why They’re Offering The Increase
If a bank that you have an account with already tells you that you’ve been pre-approved for a credit increase or new line of credit it’s because they see you as a good customer. Whether you diligently pay off your card every month or you stay current on your loans, they’re offering you an increase because they trust that you will pay them back.
No Hard Check
One of the best things about these pre-approved credit increases is that they often don’t perform a hard credit check on your file…
