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
The Canadian mortgage stress test, explained + MORE Jul 19th
The Canadian mortgage stress test applies to anyone applying for a mortgage, refinancing their current home loan, or renegotiating the terms of their mortgage contract with a federally regulated lender. And while provincially regulated lenders have more flexibility when it comes to mortgage app.... More »
How to protect your investments if the inflation genie sparks interest rate hikes Jan 19th
Now is a good time to prepare your finances for rising interest rates as they affect everything from the makeup of your portfolio to your mortgage.... More »
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 »
CMHC reports September pace for housing starts up from August + MORE Oct 19th
Canada Mortgage and Housing Corp. says the annual pace of housing starts in September was up 5% compared with August..... More »
Latest in mortgage news: Mortgage rates keep surging higher + MORE Sep 29th
Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise..... More »
The Latest in Mortgage News: Half of Canada’s Big Housing Markets Are Unaffordable
– canadianmortgagetrends.com
A new study of 15 major urban centres across Canada shows that housing unaffordability continues to be a major concern in nearly half of those markets. A median-income earner wouldn’t qualify for a mortgage large enough to fund their home purchase in seven key markets, including the Greater Vancouver and Toronto areas, Victoria, Hamilton-Burlington, Kitchener-Waterloo […]
