Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
‘It’s choking me’: This homeowner’s mortgage payments have shot up by more than $1,000 a month. What should he do? + MORE Dec 31st
‘I was naive. I’ve never experienced rate hikes like this before,’ homeowner says, adding he plans to switch to a five-year fixed rate when rates hit 3%..... More »
FSRA introduces stricter guidelines for mortgage broker licensing + MORE Jul 20th
FSRA has issued new guidelines to enhance mortgage broker licensing standards, aiming to better protect homebuyers and investors..... More »
Equitable Bank’s mortgage arrears rate triples amid surge in renewals + MORE Mar 13th
Equitable Bank saw its mortgage arrears rate triple over the past 12 months now that a majority of its clients have renewed at higher interest rates..... More »
Does buying GICs still make sense after the recent rate cuts? + MORE Apr 3rd
In March, the Bank of Canada (BoC) lowered its policy interest rate by another 25 basis points, from 3.00% to 2.75%. It was the central bank’s seventh consecutive cut.
What does it mean for Canadians as borrowers and savers when interest rate cuts happen? On the positive side, it mean.... More »
Mortgage Professionals Canada promotes broker expertise in newly launched campaign + MORE Oct 17th
Mortgage Professionals Canada (MPC) has unveiled a new national campaign emphasizing the pivotal role mortgage brokers play in guiding Canadians towards their homeownership dreams..... More »
Special Incentives For Frontline Workers
– canadamortgagenews.ca
The last year and a half has been challenging for many of us. But none have been more challenged than the brave frontline workers who put their lives at risk to save others. As a show of gratitude, many businesses have stepped up with discounts, free products, and other incentives. Unsurprisingly, many mortgage lenders have followed suit with promotional rates reserved just for those on the front lines.
Doctors, nurses, firefighters, and many others who made huge sacrifices for their communities are entitled to rates between 1.45% and 1.94%.* Plus, they can get a cashback bonus of $1,000 – a nice addition to these extremely competitive rates.
As the world returns to normal, our frontline workers deserve every act of gratitude that’s offered to them. Free meals at restaurants and promo codes at clothing stores are nice gestures. But these mortgage incentives offer a long term reward that can actually help these deserving people move on with their lives.
One Watch Out
Are you a frontline worker looking for a new mortgage? Definitely consider these promotions – but make sure you’re looking beyond the rate…
