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
CMHC-Backed Report Calls for Annual Surtax on Homes Valued at $1M+ + MORE Jan 7th
A new report backed by Canada's national housing agency is calling for a home equity tax on houses valued at $1 million and more..... More »
Q2 2021 Bank Earnings – Profits Soar as Loss Provisions Plunge + MORE Jun 19th
The Big 6 banks saw profits soar in the second quarter thanks to strong mortgage growth and massive loan-loss provision reductions..... More »
Making sense of the Bank of Canada interest rate decision on July 30, 2025 + MORE Aug 1st
There’s little change on the horizon for interest rates, as the Bank of Canada further entrenches into a holding pattern. The central bank chose to hold its trend-setting overnight lending rate—which is used by lenders to set their prime rates, and by extension, variable mortgage rates—at 2.75.... More »
Should you hold your mortgage inside your RRSP? + MORE Oct 2nd
Q. I currently own a house in Edmonton that is mortgaged, and looking to purchase a property in Vernon, BC, that I will eventually retire to. Until then, I am liking the idea of renting out that property to help support the additional mortgage.
I am wondering if it’s possible to transfer my exis.... More »
Customer says BMO ignored her plea to cap limit on joint line of credit with ex: debt more than doubles + MORE Apr 9th
An Ontario woman says she is furious that her bank repeatedly increased the limit on a joint line of credit she had with her then-husband, allowing him to rack up debt for which she is responsible. She wants banks to have to get permission before increasing a customer's line of credi.... More »
Breaking up is hard to do: When and why to look for a new financial adviser
– canadianbusiness.com
TORONTO – When Deborah Ison decided to break up with her financial adviser last year, investment performance had nothing do with her decision.
The 45-year-old human resources project manager from Burlington, Ont., was in the midst of a divorce and went to her adviser with pressing questions about her financial obligations. But rather than addressing her concerns, she says, he quizzed her on investment risk tolerance and retirement goals.
It was then and there that Ison decided to make a switch.
“I had walked into this office pretty much a broken person. My entire future had done a 180. I didn’t know how I was going to pay my mortgage or my bills or my debts,” she says.
“The furthest thing from my mind was my retirement. It seemed like an obtuse and insensitive question for him to be asking me.”
Rona Birenbaum, a fee-only financial planner with Toronto-based Caring for Clients, says experiences like Ison’s are often the catalyst for calling it quits with an adviser…
The 45-year-old human resources project manager from Burlington, Ont., was in the midst of a divorce and went to her adviser with pressing questions about her financial obligations. But rather than addressing her concerns, she says, he quizzed her on investment risk tolerance and retirement goals.
It was then and there that Ison decided to make a switch.
“I had walked into this office pretty much a broken person. My entire future had done a 180. I didn’t know how I was going to pay my mortgage or my bills or my debts,” she says.
“The furthest thing from my mind was my retirement. It seemed like an obtuse and insensitive question for him to be asking me.”
Rona Birenbaum, a fee-only financial planner with Toronto-based Caring for Clients, says experiences like Ison’s are often the catalyst for calling it quits with an adviser…
Mortgage brief.. CMHC ‘red warning’.. what’s it mean?
– canadamortgagenews.ca
Much has been made about CMHC’s Economists ‘Red Warning’ that was put out for the 4th quarter of 2016. Let’s take a look at what the report actually says. CMHC’s economists have 3 categories of measurement that are of concern. Overheating, Price acceleration and Overvaluation. VANCOUVER AND TORONTO The Vancouver market had already been identified […]
Mortgage Brief…TD raises it Bank Prime… going rogue .. for now!
– canadamortgagenews.ca
In a Halloween Hangover move, TD announced they will be raising their Bank Prime Mortgage rate to 2.85% from 2.70%. In a circular I received today from TD, they threw us yet another surprise, in a month full of surprises. What’s interesting is that on Oct 19, the Bank of Canada Governor, Stephen Poloz, was […]
Should we contribute the same mortgage payment?
– moneysense.ca
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The post Should we contribute the same mortgage payment? appeared first on MoneySense.
TD Bank raises rate for variable-rate mortgages
– moneysense.ca
TORONTO – TD Bank (TSX:TD) is raising the interest rate it charges customers with variable-rate mortgages.The bank is increasing its TD Mortgage Prime rate to 2.85 per cent from 2.7 per cent, effective Tuesday.
Customers with fixed-rate mortgages are unaffected by the change.
TD’s prime rate for other products with a variable interest rate, such as lines of credit, are not affected as that rate remains at 2.7 per cent.
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Borrowers with variable-rate mortgages often negotiate a discount to the prime rate, but the rate they pay still goes up and down as the prime rate changes.
The increase means borrowers with variable-rate mortgages at TD will see a larger portion of their mortgage payment go toward paying interest instead of repaying principal if their payment remains the same…
