Siddall and Taylor Go Head-to-Head Over Housing + MORE Jun 8th

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Chartered Banks Saw a Surge in Uninsured Mortgage Origination in Q3: CMHC Jan 28th

Chartered banks saw mortgage originations grow by 11% in the third quarter, a growing percentage of which were uninsured mortgages. Comparatively, non-bank lenders, including mortgage finance companies, trusts and insurance companies, saw mortgage activity rise 4%, according to the Canada Mortgage a.... More »
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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 »

The Latest in Mortgage News: Bond yields soar higher, fixed mortgage rates expected to follow Jun 15th

Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising..... More »
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Prime Rate to Fall as BoC Delivers Second Emergency Rate Cut + MORE Mar 29th

It’s official, Canada’s prime rate will fall to 2.45% following the Bank of Canada’s emergency rate cut on Friday. RBC once again led the way by confirming it would match the BoC’s 50-bps rate cut by dropping its prime rate to 2.45%. Scotiabank, TD, BMO and CIBC then followed in quick succes.... More »

Mortgage affordability calculator + MORE Nov 19th

powered by Mortgage affordability is an essential part of setting up your home-buying budget, and it’s based on a many factors—more on those later. If you’re looking to buy a home, one of the first things you’ll want to know is your mortgage affordability. And for that, you should start.... More »

How Home Equity Can Be Used to Pay CRA Debts

– canadianmortgagetrends.com

It’s not unusual to find you owe some money to the Canada Revenue Agency (CRA) after filing your personal tax returns. Especially if you have neglected doing them for a few years. And like any other unexpected expense, you need to tighten your belt buckle, work even harder and try to find ways to eliminate […]

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Siddall and Taylor Go Head-to-Head Over Housing

– canadianmortgagetrends.com

Note: This editorial piece was previously published on RateSpy.com. It is being reprinted with permission due to the important and timely issues raised.  Rarely have the heads of Canada’s housing agency and largest mortgage broker association been at such odds publicly. It feels like CMHC boss Evan Siddall and Mortgage Professionals Canada (MPC) chief Paul […]

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