Ontario, B.C. mortgage stress rises as joint borrowing grows: Equifax + MORE Sep 21st
Home sales drop with ‘fresh round of economic headwinds’ ahead: CREA + MORE Sep 15th
OSFI leaves mortgage stress test in place, reaffirms LTI limits for lenders + MORE Jan 29th
Renewing your mortgage but planning to sell soon? Read this first May 12th
Shift to variable, shorter-term mortgages raises borrowers’ rate exposure: CMHC + MORE Sep 9th
HomeEquity Bank taps Yousry Bissada as new president and CEO
– canadianmortgagetrends.com
HomeEquity Bank appoints veteran mortgage executive as it enters its 40th year and continues to expand in the reverse mortgage market.Stop Bleeding Cash: Why Your Mortgage is the Ultimate Financial Power Tool
– canadamortgagenews.ca
Let’s have an honest conversation about the financial squeeze many Canadians are feeling right now.
Prices are up at the pump, at the grocery store, and certainly in utility bills. But for many homeowners, the real pressure isn’t just inflation; it’s the “silent killer” of accumulated consumer debt sitting on top of their mortgage.
I see it every day in my practice. Good people, with good incomes, who have managed to build significant equity in their homes, yet they are drowning in monthly payments because they are financing their lives using the wrong tools. They are using 19.99% credit cards and 11% lines of credit for expenses that should be financed at 4-5%.
It makes absolutely no financial sense.
If you are a homeowner carrying high-interest debt outside of your mortgage, you need to stop viewing your mortgage merely as a debt to be paid off and start viewing it for what it actually is: the cheapest financial tool available to you in Canada…
‘Strike Out Cancer’ goes national as mortgage industry aims to raise $1M in 2026
– canadianmortgagetrends.com
The annual bowling fundraiser is growing from a Toronto event into a 14-city campaign, with the mortgage industry aiming to raise $1 million for cancer research this year.
