The Sea Change in Canadian Mortgage Insurance + MORE Dec 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.
Latest News

Mortgage renewal calculator Sep 26th

When it’s time to renew your mortgage, you can either stay with your current lender or shop around for a new one that offers a lower interest rate or different terms. Using a mortgage renewal calculator can help you compare mortgage offers and pick the best one available at the time of renewa.... More »

Latest in mortgage news: consumer insolvencies at highest level since 2019 May 25th

Consumer insolvencies in Canada have risen to their highest level in three years..... More »

Housing affordability challenges leading to increased risk of fraud + MORE Mar 29th

With higher prices and interest rates putting the dream of homeownership further out of reach studies suggest Canadians are more comfortable inflating certain details of their mortgage application — a form of fraud that could have serious legal ramifications..... More »

High rent, mortgage rates keeping upward pressure on inflation Jan 19th

Canada’s inflation rate continued to ease in December, despite upward pressure from rising rents and mortgage interest costs. The Consumer Price Index eased to an annual growth rate of 6.3% last month, thanks largely to a decline in gas prices. That’s down from 6.8% in November and what .... More »

Canada mortgage renewal shock coming: CMHC - CityNews Vancouver + MORE Nov 10th

Canada mortgage renewal shock coming: CMHC  CityNews VancouverBank of Canada warns mortgage borrowers may face higher rates upon renewal  CBC News2.2M mortgage holders will face ‘interest rate shock’ in next 2 years: CMHC  Global NewsMortgage holders concerned about.... More »
The average new mortgage being taken out by today’s borrowers surged to $360,000 as of the third quarter, Equifax reports.

Continue Reading On canadianmortgagetrends.com »

If you’re considering buying your first home, you probably want to do a bit of research. Perhaps you’ll talk to friends and colleagues and even read a few articles regarding the process, but with 80% of first-time home buyers confessing they’d love a do-over, perhaps there isn’t such a thing as too much information.

To help, here are the top 10 mistakes first-time home buyers make, along with some handy tips on how to avoid them.

Get the mortgage rate that works for you.Find the best rate for you in under 2 minutes at ratehub.ca. Let’s get started.I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.

1. You fall in love with home staging

Everyone knows this. Everyone trots this piece of advice out—particularly as they swear up and down that they can see past the old-fashioned wallpaper to the home’s potential. Then reality hits, as potential buyers start to see staged homes versus original decor.

In its simplest form, home staging is when the seller declutters and rearranges the furniture to make rooms look more appealing to buyers…

Continue Reading On moneysense.ca »

The Sea Change in Canadian Mortgage Insurance

– canadianmortgagetrends.com

Few realize how dramatically Canada’s mortgage insurance market has changed.

Continue Reading On canadianmortgagetrends.com »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!