The Latest in Mortgage News: 2020 Forecasts + MORE Jan 2nd

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.
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 home equity

Bank of Canada Leaves Interest Rate at 1.75%, Markets React + MORE Jan 23rd

As was widely expected, the Bank of Canada left the target overnight rate unchanged this morning at 1.75%, where it’s sat since October 2018. The Bank noted a few positive developments, but focused more on the downside risks. “The global economy is showing signs of stabilization, and .... More »
 property

Q4 2019 Bank Earnings – Mortgage Morsels + MORE Jan 11th

Profits were down among the big banks in what has been called a “bleak” fourth-quarter earnings season. It was the weakest earnings growth since 2016, particularly for the likes of TD and CIBC, who saw their net income fall 3% and 6%, respectively, compared to last year. TD President and.... More »
mortgage

Real estate may not be sexy, but… Jan 26th

Rental properties are a secure long-term investment. Note the emphasis on “long-term”. Check out any seven-year period over the past 50 years (anyone who has read this news site knows that I always recommend buying and holding for at least seven years). Property values have almost alway.... More »
 property

Latest in Mortgage News: Industry Announcements + MORE Jan 17th

Equitable Bank Improves Reverse Mortgage Process Reverse mortgage clients of Equitable Bank can expect a quicker and less expensive closing process, according the the bank. Equitable, one of just two reverse mortgage providers in Canada, announced the launch of its new closing process this week. The.... More »

2019 – Year in Review

– canadianmortgagetrends.com

As we turn the page on 2019, we wanted to take a look back at how mortgage rates fared as well as some of the key themes in mortgage news over the year. Hint: Falling fixed mortgage rates and recovering housing markets were two of the big ones. Here’s a rundown of some of the year’s top stories, rate movements and mortgage-related stocks. ********** Top Mortgage Stories of 2019 Liberal Government Launches First-Time Home Buyer Incentive Love it or hate […]

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The Latest in Mortgage News: 2020 Forecasts

– canadianmortgagetrends.com

Following a challenging 2018, by most accounts 2019 could be characterized as a “turnaround year” for Canada’s housing market. And 2020 is looking to bring much of the same. That’s according to predictions for the new year by CMHC, the Canadian Real Estate Association (CREA) and several real estate firms. But while sales are forecast to pick up, housing inventory will continue to lag demand, putting continued pressure on prices, according to CREA. Here’s a look at the latest housing […]

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