Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Mortgage rule changes are expanding insured market activity, insurers say Mar 4th
Mortgage insurers say recent federal policy changes are giving first-time buyers more purchasing power, even as broader housing market conditions remain uneven..... More »
Renewing your mortgage but planning to sell soon? Read this first May 12th
Why flexibility and penalties can matter more than rates if you plan to sell within the next 12 months.... More »
What New Year’s credit deals promise—and why you should be wary Jan 17th
January is for fresh starts, but too many Canadians are held back by last year’s overspending. Lenders know about new year’s debt-hangovers, so you may be seeing more credit offers in your inbox—but be wary. Used incorrectly, that deal on a balance transfer or sign-up bonus could get you into .... More »
Five-year prison terms handed to Fortress founders in mortgage fraud case Feb 22nd
The decision marks a significant enforcement outcome in a case that helped reshape scrutiny of Ontario’s syndicated mortgage market..... More »
Paying down your mortgage faster comes with trade-offs + MORE Apr 18th
While extra payments can reduce long-term interest costs, they may also limit liquidity, trigger penalties and crowd out other financial priorities.... More »
Bloom introduces Canada’s first lifetime fixed-rate reverse mortgage
– canadianmortgagetrends.com
Bloom Finance has launched SafeRate, a reverse mortgage that lets older homeowners lock in a lifetime fixed rate, a first in Canada.Canadian mortgage delinquency rate falls for first time in three years: CMHC
– canadianmortgagetrends.com
Canada’s housing agency says the number of homeowners behind on mortgage payments has fallen for the first time in three years, though delinquencies are still trending up in Ontario and British Columbia.A surge in mergers is reshaping the mortgage industry. Here’s what’s driving it
– canadianmortgagetrends.com
A look at the recent surge in mergers among alternative lenders and how funding pressures, regulation and competition are reshaping the market for brokers and borrowers.U.S. existing-home sales rose to eight-month high in October
– canadianmortgagetrends.com
Sales of previously owned homes in the U.S. rose in October to the fastest pace in eight months, as buyers took advantage of lower mortgage rates and gained the upper hand over sellers in some markets.
