Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
Loanova prepares to launch Canada’s first fractional mortgage platform + MORE Nov 27th
The tech-driven startup plans to let everyday investors buy small stakes in syndicated mortgages, while helping borrowers who don’t qualify for traditional bank financing..... More »
Mortgage seekers wonder: broker or bank? Apr 24th
Home buyers contemplate the broker one-stop-shop approach, versus a broader financial picture with their bank
.... More »
Does Canada’s real estate sector risk being a hotbed for crime? + MORE Sep 16th
OTTAWA – An in-depth review of Canada’s anti-money-laundering efforts has uncovered serious concerns that organized crime is using the country’s hot real estate sector to illegally funnel cash.
The report from the Paris-based Financial Action Task Force makes special note of real estat.... More »
Mortgage approvals in hours, not days: TD leaning on AI to regain edge Oct 1st
At its 2025 Investor Day, the bank outlined plans to use AI to cut turnaround times, reshape branches into advice hubs and deliver billions in efficiency savings..... More »
OSFI calls stress test “incomplete,” seeks to address “problem” of fixed-payment variable-rate mortgages + MORE Sep 8th
It's no secret that Canada's banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that point during a speech today..... More »
CMHC to Investigate Foreign Real Estate Ownership
– ratesupermarket.ca
With housing prices at record highs in many parts of the country, most notably in Vancouver and Toronto where the average price of detached homes now exceeds $1.3 million and $1.2 million respectively, many buyers have had to consider condos as their “starter home.” But condos prices in those cities have also skyrocketed in recent years, and some blame foreign investors for the price hikes. The CMHC recently tried to calculate the impacts of foreign ownership on the Canadian condo market.
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Shiny and New
The CMHC data shows that foreign investors, for the most part, make up a fairly small portion of condo owners in Canada. Those that do buy here though are much more interested in newer properties. In the Toronto “census metropolitan area” foreign buyers own less than 2 per cent of condos built before 1990, but own 7 per cent of buildings constructed since 2010. In the City of Toronto itself – the North American leader in high rises under construction for several recent years, as many as 10 per cent of newer condo units are foreign owned…
Surviving the crunch
– moneysense.ca
Julie and Noel Bond seemed well on their way to realizing the Canadian dream when they moved east of Vancouver to the small community of Mission in 2014 so they could afford a three-bedroom house for their growing family. They now have two pre-school children and are expecting a baby in March.While Julie plans to stay home to look after the kids for a year after the baby’s birth, the couple face a tricky financial dilemma over what to do after that. For Julie to return to her part-time $30,000-a-year teaching job would be pointless because her entire paycheque would be eaten up by child-care costs. But the $80,000 a year Noel earns as a railway worker isn’t enough by itself to cover the mortgage and other expenses if Julie stays home to look after the kids. Whether Julie, who is 36, returns to her old job or stays home, they expect ongoing expenses to exceed take-home pay by about $1,000 a month. That leaves Julie looking for solutions and wondering, “What will my family do?”
Caught in the crunch
The Bonds are in the midst of what many Canadians find to be the most challenging interval on the entire road to retirement, a period sometimes referred to as the “crunch” years…
US mortgage rates remain low as home-buying season starts
– canadianbusiness.com
WASHINGTON – Long-term U.S. mortgage rates stayed near 2016 lows this week, potentially good news for the housing market as the spring home-buying season begins.
The average 30-year fixed-rate mortgage edged up to 3.59 per cent from 3.58 per cent last week. The 15-year fixed-rate mortgage slipped to 2.85 per cent, lowest since May 2013, and down from 2.86 per cent last week.
The rate on five-year adjustable rate mortgages slipped to 2.81 per cent from 2.84 per cent last week.
Mortgage rates are lower than they were in mid-December when the Federal Reserve raised short-term rates for the first time since 2006. The Fed hike was expected to be the first of several and would push mortgage and other rates higher. Instead, weakness in the global economy has helped keep rates low.
A year ago, the average 30-year mortgage rate stood at 3.65 per cent and the 15-year was at 2.92 per cent.
The spring house-shopping season has gotten off to a solid start. The National Association of Realtors said Wednesday that sales of existing homes rose 5…
The average 30-year fixed-rate mortgage edged up to 3.59 per cent from 3.58 per cent last week. The 15-year fixed-rate mortgage slipped to 2.85 per cent, lowest since May 2013, and down from 2.86 per cent last week.
The rate on five-year adjustable rate mortgages slipped to 2.81 per cent from 2.84 per cent last week.
Mortgage rates are lower than they were in mid-December when the Federal Reserve raised short-term rates for the first time since 2006. The Fed hike was expected to be the first of several and would push mortgage and other rates higher. Instead, weakness in the global economy has helped keep rates low.
A year ago, the average 30-year mortgage rate stood at 3.65 per cent and the 15-year was at 2.92 per cent.
The spring house-shopping season has gotten off to a solid start. The National Association of Realtors said Wednesday that sales of existing homes rose 5…
Mortgage Career: True North Mortgage
– canadianmortgagetrends.com
Company: True North Mortgage Position: Salaried Mortgage Agent Location: Vancouver/Burnaby, BC Send resume to: chris.rempel@truenorthmortgage.ca Salaried Mortgage Agent Company Overview: Salaried Mortgage Agent True North Mortgage is looking for a Salaried Mortgage Agent for the Vancouver/Burnaby area. Mission Statement: To offer Canada wide mortgages at best rates with friendly, informative and rapid service. Our retail locations enable clients to interact with our agents face to face.We offer a friendly work environment with a team based approach and team based bonuses. Job Description: Essential abilities: Willingness to work mall hours (some evenings and some weekends required) Residential mortgage industry experience;- Friendly READ MORE
