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
Mortgage Career: Mortgage Professionals Canada Aug 5th
Company: Mortgage Professionals Canada Position: Manager, Marketing Location: Toronto, Ontario Apply to: Click here Manager, Marketing About Us Established in 1994, Mortgage Professionals Canada is the national mortgage broker industry association representing the largest and most respected network .... More »
TD Bank plans to sell $9 billion in mortgages to comply with asset cap + MORE Jan 23rd
TD Bank is planning to sell around $9 billion in residential mortgages as it works to adjust its balance sheet and meet an asset cap imposed by U.S. regulators..... More »
13,000 CIBC mortgage clients have come out of negative amortization Dec 19th
Over the past three months, roughly 13,000 CIBC clients have taken action to bring their mortgages out of negative amortization..... More »
Long-term mortgage rates are falling. Is it time to lock in? + MORE Apr 4th
Locking in or not depends on many factors, experts say, including whether the penalties for breaking a current mortgage make sense and if you think rates are going up or down..... More »
The Mortgage Stress Test: What It Means If You’re Buying a Home Nov 3rd
It’s been almost a couple of years since the mortgage stress test came into effect. So, we thought it was the perfect time to revisit it and clear up any confusion. The mortgage stress test took effect January 1, 2018, affecting how much mortgage money Canadians are able to borrow towards.... More »
Mortgage Career: TMG The Mortgage Group – Broker Support Coordinator
– canadianmortgagetrends.com
Company: TMG The Mortgage Group Position Title: Broker Support Coordinator Licences or Registrations Required: 5-7 years in an administrative role, ideally in the financial industry, but not required Location of Positions: Toronto, Ontario Applicants may contact: Email shanna@mortgagegroup.com or fax 1.888.534.3706 Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage […]
Mortgages & Investment Strategy
– canadianmortgagetrends.com
For most home buyers, a mortgage is the only path to ownership. But a recent survey reveals that mortgages are also being used as a preferred investment strategy for wealthy Canadians. The survey commissioned by Investors Group found that 67% of high-net-worth Canadians — those with investable assets of $500,000 or more — who have […]
TD Outsources Broker Underwriting to First National
– canadianmortgagetrends.com
TD Canada Trust, Canada’s fifth largest broker channel lender, needed a better underwriting and fulfillment system. But it didn’t want to build one itself. So it announced today that it’s contracting out that task to First National, the second-largest broker lender. First National is renowned for its mortgage-processing capability. It has one of the fastest […]
Infographic: Wealthy Canadians Use Mortgages as Investment Tool
– ratesupermarket.ca
We’re often told paying off your mortgage as quickly as possible is the best investment you can make, but not all Canadians see it that way. Two thirds (67 per cent) of high-net-worth Canadians – those with over $500,000 in investible assets – that have a mortgage have the cash available to pay for their home in full, according to a recent Investors Group survey.
Although high-net-worth Canadians still see homeownership as an effective means of building wealth, with interest rates showing no signs of budging, the majority of them aren’t in any hurry to repay their mortgage.
Although high-net-worth Canadians still see homeownership as an effective means of building wealth, with interest rates showing no signs of budging, the majority of them aren’t in any hurry to repay their mortgage.
Infographic Source: Investors Group: Nielsen poll of 500 high-net-worth Canadians
Why Get a Mortgage If You Don’t Have To?
Why do so many wealthy individuals have mortgages? To many high-net-worth Canadians, having a mortgage may be a considered a deliberate investment strategy.
“The notion that a mortgage is used only when funds aren’t available to pay cash for your home doesn’t ring true for many wealthy Canadians,” says Peter Veselinovich, vice-president of banking and mortgages at Investors Group…
