Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
The State of Mortgage Consumers + MORE Apr 27th
Mortgage consumer debt reached a record level in the second quarter of 2017, yet mortgage holders have proven capable of managing their increasing monthly obligations. That’s according to CMHC’s recently released Mortgage and Consumer Credit Trends report, which said Canadian households&.... More »
Unsure about buying a home? Why you should open an FHSA now anyway Dec 12th
Buying a home in Canada hasn’t been easy in recent years, but thanks to recent changes to mortgage rules, falling interest rates and more cuts expected in the months ahead, many prospective home owners are feeling freshly optimistic. It all starts with a down payment, though—and the bigger, the .... More »
Scotiabank hits “inflection point” with successful multi-product mortgage strategy + MORE Sep 1st
Deposit growth strategy pays off as Scotiabank strengthens customer relationships amid mortgage volume dip.... More »
How to protect yourself from identity fraud in Canada + MORE Mar 31st
In 2024, Canadians lost a jaw-dropping $638 million to fraud, according to the Canadian Anti-Fraud Centre (CAFC). That’s already a hefty $60 million more than losses reported the previous year, but the true total is likely much, much higher—experts at the CAFC say that less than 5% of scams are .... More »
Ask the Expert: Steve Garganis – What’s your Canadian mortgage strategy in Trump’s tariff war? + MORE Apr 15th
Make no mistake, we are in a war — an economic war. President Donald Trump has threatened, imposed, or temporarily reversed tariffs on just about every country in the world, including Canada.
Canada will now see a 25% tariff on aluminum, steel, Canadian automobiles and non-CUSMA-compliant .... More »
Mortgage Career: Equitable Bank
– canadianmortgagetrends.com
Company: Equitable Bank Position: Residential Prime Mortgage Underwriter Location: Toronto, ON Apply to: Click here Residential Prime Mortgage Underwriter Department: Single Family Residential Mortgage Department Reports To: Manager, Residential Prime Mortgage Underwriting ________________________________________________________________ Job Summary: The Residential Prime Mortgage Underwriter is responsible for assessing all new mortgage applications and increases to existing mortgages in a timely and prudent manner within established guidelines. This must be done as efficiently as possible while exercising sound lending judgment and without compromising service and profitability. Main Activities: On a daily basis incumbents must promptly review received applications, verify the supporting documentation to ensure READ MORE
Vancity Divorces Brokers
– canadianmortgagetrends.com
The nation’s biggest credit union, Vancity, is pulling out of the mortgage broker channel. The Vancouver-based company sent an email to notify brokers this morning. It has been in the mortgage broker channel since 1991, when it acquired Citizens Trust Company. The channel was administered through Vancity’s subsidiary, Citizens Bank, until 2007 when it was transferred directly to Vancity. When asked why it was leaving, John Derose, Vancity’s Director of Mobile Sales, explained: As a member-owned financial co-operative we place a high priority on building strong relationships with our members. The business we generate through our mortgage broker channel often does READ MORE
Robo Mortgages
– canadianmortgagetrends.com
“…Robots are racing to replace mortgage brokers.” Like it or not, we’re going to see more and more headlines like this. This particular story comes from the UK, where British entrepreneurs have a head start on automating mortgage services. On this side of the Atlantic, brokers seem largely unconvinced about robo-lenders eating their lunch. This recent ilovemortgagebrokering.com podcast is one example. “Am I concerned that I’m going to be disrupted out of a job by an app? I am not,” said co-host Dustan Woodhouse, arguing that a human touch is needed because mortgage clients have unique requirements and large sums of money at READ MORE
