The State of the Mortgage Market: 2020 + MORE Mar 14th

Interested in learning more about property mortgages in Canada? Look no further!

Latest News

Advice for cash-strapped renters and landlords during COVID-19 + MORE May 17th

When the COVID-19 pandemic swept across North America in early 2020, it created a wave of income loss that impacted people from all walks of life. While some individuals have been hit harder than others, it’s difficult to find a group or industry that hasn’t been affected. A small segment of the.... More »

Quebec’s legal battle between CNQ and title insurers leaves brokers and homeowners in limbo ahead of mortgage renewal wave + MORE Nov 27th

Quebec-based mortgage brokers and homeowners are caught in limbo due to an ongoing legal battle that is unlikely to be resolved before the renewal tsunami hits..... More »

Honouring the latest Mortgage Hall of Fame inductees Oct 20th

After a pandemic-induced hiatus, hundreds of mortgage professionals gathered at the Vancouver Convention Centre Monday night to honour the latest inductees into the Canadian Mortgage Hall of Fame..... More »

Could a line of credit impact my mortgage application? Nov 16th

Prospective house hunters and those looking to refinance an existing mortgage should consider the impacts of their lines of credit on their mortgage application. That’s because lenders take non-mortgage debt, including line of credit payments, into account when determining how much you can afford .... More »

TD returns to positive earnings, but mortgage stress grows + MORE Aug 29th

TD Bank returned to profit in the third quarter after a loss in Q2 tied to U.S. regulatory and restructuring charges, even as rising mortgage delinquencies pointed to mounting household strain..... More »

The State of the Mortgage Market: 2020

– canadianmortgagetrends.com

Mortgage Professionals Canada has released its latest State of the Mortgage Market report today, which is chock full of new stats and insights into the Canadian mortgage market. Despite regular headlines about rising home prices and overvaluation in the country’s largest centres, the report finds that Canadians continue to see homeownership as an important element of their long-term financial plans. “Canadians have also remained prudent with their spending habits on housing, which is evidenced in today’s report,” notes author Will […]

Continue Reading On canadianmortgagetrends.com »

Canadians Are Picking Price Over Personalized Mortgage Advice

– ratesupermarket.ca

Canadian homebuyers are seeking the best mortgage price, even if that means sacrificing personalized mortgage advice, according to a recent survey conducted by Rates.ca. Of those mortgage shoppers, 63% admit they are open to using online lenders if the price is right.

How Low Can You Go?
Nearly half (45%) of mortgage shoppers say they would need to save at least 0.05 to 0.20 percentage points on the rate to use an online lender. While 18% of shoppers say they wouldn’t need any incentive. Only 16% of Canadians say they won’t use an online lender.
A further breakdown reveals just how much Canadians are hoping to save.

The Interest Rate Savings Needed to Sway Canadians to Use an Online Lender
Percentage of Canadians

0.05%-points
11%

0.10%-points
8%

0.15%-points
7%

0.20%-points or more
19%

Compare mortgage rates from Canada’s most-trusted lenders at RateSupermarket.ca.
Mortgage Shopping Key Considerations
When it comes to shopping for everyday items, brand names can play an important factor…

Continue Reading On ratesupermarket.ca »

Banks.ca constantly finds the best and most current mortgage information available in Canada.

Share