Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Lowest mortgage rates rise above 4% as bond yields surge Dec 12th
A sharp rise in bond yields has pushed fixed mortgage rates higher, undoing weeks of declines and signalling a stubborn pricing floor for borrowers..... More »
CMHC reports annual pace of housing starts up eight per cent in October Nov 18th
Canada Mortgage and Housing Corp. says the annual pace of housing starts in October rose eight per cent compared with September..... More »
A crash course in credit cards for returning students + MORE Aug 14th
TORONTO – As thousands of Canadian students head off to college and university this fall, many will find themselves bombarded with credit card offers.
Signing up for a credit card has become a sort of rite of passage for young adults, alongside frosh week parties, late-night study sessions and die.... More »
Frustrated with mortgage tech? You’re not alone + MORE Feb 14th
For the past few years, mortgage brokers have been presented with a seemingly non-stop barrage of new mortgage technology..... More »
Latest in Mortgage News: CMHC to Get New Name, Maybe “Housing Canada” + MORE Sep 23rd
What’s in a name? Well, in the case of the Canada Housing and Mortgage Corporation, “mortgage” likely won’t be for much longer. The housing agency announced last week that it will be undergoing a rebranding in the coming months to better reflect its mandate. CEO Evan Siddall .... More »
Fighting Back Against Fees
– ratesupermarket.ca
When it comes to hidden surcharges and fees, Canadians are seeing red – and it’s no wonder, as our nation’s big banks have amped costs and cut back on services, according to a recent study. But it’s not all bad news – an ATM network provided by Canada’s alternative lenders and credit unions is expanding to bring fee-free cash access to thousands more. Read on for the full story.
Canadians Are Less Satisfied With Their Banks – JD Power
How happy are you with your bank? If the answer is “less than enthralled”, you’re not alone: the 10th edition of J.D. Power’s Canadian Retail Banking Customer Satisfaction Study finds Canadians overall are less content with their lenders than they were last year. Fees and a reduction in services top the list for consumer complaints. Get our full breakdown.
Read Penelope’s Blog | Canadians Are Less Satisfied With Their Banks
How An Income Suite Can Help You Qualify For a Mortgage
Buying a home with a rental income suite is a popular tactic for many new owners…
Street Capital Financial
– canadianmortgagetrends.com
Company: Street Capital Financial Position: Regional Vice President, Saskatchewan & Manitoba Location: Saskatchewan & Manitoba Regional Vice President, Saskatchewan & Manitoba Street Capital Financial is a Canadian-owned and operated residential mortgage lender. Street Capital lends through a mortgage broker specific origination channel. Street Capital is dedicated to growing loan origination through this channel and is committed to innovative product development. Our employees are focused on providing world class service to clients, business partners and referral sources. Regional Vice President, Saskatchewan & Manitoba Duties and Responsibilities: ** Be advised that territories and their boundaries are subject to change and READ MORE
Steady US job gains likely foretell a new era: Higher loan rates for consumers and businesses
– canadianbusiness.com
WASHINGTON – A new era of higher rates on home and car loans, steeper borrowing costs for businesses and the government — maybe even a bit more return for savers — is about to arrive.
That, at least, is the word from most economists. After another solid U.S. jobs report Friday, they say the Federal Reserve seems all but sure to raise its short-term interest rate next month after keeping it pinned near zero for nearly seven years.
It would be the Fed’s first rate hike since 2006. And it would end the aggressive campaign the central bank began after the 2008 financial crisis to save a teetering banking system and energize an ailing economy. While it could take months, the Fed’s moves should eventually drive up interest rates for mortgages, auto loans and other consumer and business borrowing.
“The most advertised and anticipated play” is a Fed rate hike in September, David Kotok, chief executive at money management firm Cumberland Advisors, said Friday after the July jobs report showed that employers added 215,000 jobs and that the unemployment rate held at a nearly normal 5…
That, at least, is the word from most economists. After another solid U.S. jobs report Friday, they say the Federal Reserve seems all but sure to raise its short-term interest rate next month after keeping it pinned near zero for nearly seven years.
It would be the Fed’s first rate hike since 2006. And it would end the aggressive campaign the central bank began after the 2008 financial crisis to save a teetering banking system and energize an ailing economy. While it could take months, the Fed’s moves should eventually drive up interest rates for mortgages, auto loans and other consumer and business borrowing.
“The most advertised and anticipated play” is a Fed rate hike in September, David Kotok, chief executive at money management firm Cumberland Advisors, said Friday after the July jobs report showed that employers added 215,000 jobs and that the unemployment rate held at a nearly normal 5…
The Lower Bound for Rates
– canadianmortgagetrends.com
Many argue against variable-rate mortgages, given that rates “can’t drop much more.” But, while it’s true that rates are near the bottom, there’s still a question of “where’s the bottom?” The Bank of Canada’s floor for the overnight rate—the rate that drive prime rate—was previously established at 0.25%. It sat at that all-time low from April 2009 to June 2010. At the time, Governor Mark Carney said: “…We thought long and hard about where the effective lower bound was in Canada. Our judgment was—and it’s been validated, I think—that we could bring rates down to 25 basis points…and that markets would READ MORE
Dominion Lending Centres -Tri-Cities location
– canadianmortgagetrends.com
Company: Dominion Lending Centres -Tri-Cities location Position Title: Account Manager Years of Experience Required: 2 years Licences or Registrations Required: Yes, must obtain licence within four months of hiring Location of Position: Tri-Cities, B.C. Applicants may contact: stephanie@dominionlending.ca Account Manager A well-established mortgage broker team is looking for an Account Manager to support our continued growth. Duties/responsibilities include (not limited to) Diligently following systems and policies Client/associate follow up Administration – executing mortgage from inquiry completion and ongoing optimizing of the market/after service Handling inquires via phone/email/branch/public event Skills/Attributes Required Team player – does not let team down READ MORE
