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
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 »
Is Rent to Own Housing Ever a Good Idea? Sep 17th
The majority of Canadians are homeowners, and many more want to buy, but not everyone can afford to do so. If you’re one of those who are looking to get into the market and don’t have enough money saved up yet or you currently have poor credit, there’s always the option to rent to own.
Unders.... More »
Mortgage renewal calculator + MORE Jan 25th
Thee are a lot of decisions to make when it comes to renewing your mortgage, including whether or not to stick with your current lender. A mortgage renewal calculator can simplify the process and help you pick the best mortgage offer available to you at the time of renewal.
You.... More »
U.S. mortgage rates dip slightly, sending 30-year loans to 6.23% + MORE Nov 30th
Mortgage rates fell after three weeks of increases, giving prospective buyers some relief from price pressures. .... More »
Should you buy a vacation property? + MORE Aug 27th
The benefits of owning a vacation property are obvious. A cottage, cabin, condo or trailer a short drive from your home can provide a quick weekend recharge. A property down south can serve as a regular vacation destination or extended winter stay for a snowbird.
There are many emotion-driven reason.... More »
Equitable Bank
– canadianmortgagetrends.com
Company: Equitable Bank Position: Assistant Manager, Residential Prime Mortgage Underwriting Location: Vancouver, B.C. Apply to: Click here Assistant Manager, Residential Prime Mortgage Underwriting Job Summary: The Assistant Manager is expected to take on a senior role within the team by providing support, guidance, and mentoring to team members and helping execute business unit priorities. He/she will approve recommended mortgage applications within prescribed lending limits as well as ensure that team members are being diligent with their follow-up procedures and assist them in meeting their target productivity ratios. The Assistant Manager will support management and will be responsible for ensuring that READ MORE
Alternative lender Meridian has launched the first shot in the spring mortgage wars with a one-year fixed mortgage rate of 1.69 per cent.
Smart Mortgage Solutions, Mortgage Architects
– canadianmortgagetrends.com
Company: Smart Mortgage Solutions, Mortgage Architects Position: Salaried Mortgage Underwriter/ Client Care Specialist Location: Cochrane, AB Apply to: lorrie@lorrieamp.com or 403-932-4460 Salaried Mortgage Underwriter/ Client Care Specialist Responsibilities: Candidate must be experienced with internal and external customers, competent in underwriting a deal from head to toe and be able handle stressful situations; you will be responsible to find solutions and generate options for today’s mortgage customer. The position will be to work full time in the office 9-5 (somewhat flexible) in Cochrane, 5 days a week. Your Qualifications: Well -informed In-depth product knowledge in A and B business READ MORE
CMHC Q1 Report Calls Out Riskiest Canadian Markets
– ratesupermarket.ca
“Location, location, location” is the age-old real estate mantra. And where you happen to live in Canada right now will have a major impact on the value of your personal slice of the country’s real estate market. The CMHC’s latest Housing Market Report for the first quarter of 2016 calls out four cities in particular – Calgary, Saskatoon, Regina, and Toronto – as “problematic…overvalu[ed] and overbuil[t].” But residents of other cities shouldn’t gloat, as those potentially problematic conditions exist in most major markets.
INFOGRAPHIC: 2015 Canadian Mortgage Stats>
The National Perspective
This CMHC analysis looks at 15 major urban areas for signs of overvalued or overbuilt housing stock. Overall, the CHMC feels Canadian house prices are moderately overvalued. In the agency’s interpretation, “house prices remain higher than levels consistent with personal disposable income, population growth and other factors.”
One major concern for a drop in prices is an oversupply of housing stock…
