Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Residential Mortgage Credit Risk Has Risen “Only Modestly,” Says OSFI Nov 25th
The head of the agency charged with overseeing Canada's federally regulated lenders said today that residential mortgage credit risk has risen "only modestly.".... More »
Royal Bank cuts 5-year fixed mortgage rate, others likely to follow suit + MORE Jan 17th
Canada's biggest bank has cut its five-year fixed-term mortgage rate, a move other banks are likely to try to match in short order..... More »
Rate hikes slow non-bank mortgage growth and fuel rise in arrears Apr 24th
Non-bank lenders saw a continued move toward uninsured mortgages in Q4, alongside a steady rise in delinquencies..... More »
First National’s Q3 earnings “exceed expectations” on strong mortgage originations + MORE Nov 4th
Against a challenging economic backdrop, First National managed to outperform in the third quarter thanks in part to continued strong mortgage originations..... More »
One quarter of TD mortgages now have an amortization of 35+ years + MORE Dec 4th
Over a quarter of TD Bank's residential mortgage portfolio now has an effective amortization of 35 years or longer..... More »
Slowing Mortgage Market Examined
– canadianmortgagetrends.com
Despite hot housing activity in some of Canada’s biggest markets, mortgage credit is growing at its slowest pace since 2001. That’s according to a recent TD Economics report. The good news is that Canadian mortgagors are paying about $4 billion less in interest (on an annual basis) compared to before the recession hit. In turn, they are now “paying that […]
Student-Loan Debt: A Federal Toxic Asset
– online.wsj.com
Only about 56% of borrowers are making payments. At the peak of the mortgage crisis, 10% fell behind on payments.
