Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
What Happened to Canadian Real Estate This Year and What to Expect in 2019 + MORE Dec 24th
Whereas 2017 was the all-encompassing epitome of red-hot real estate markets across the country, 2018 started off on a quieter note. The year kicked off with a decline in sales, as changes to the Residential Mortgage Underwriting Practices and Procedures (referred to as B20) introduced by the Offic.... More »
Rocket Mortgage Canada winding down operations + MORE Mar 7th
Rocket Mortgage Canada is shutting down its lending business, with operations expected to wind down by the end of June..... More »
How your rent payments can help build your credit history + MORE Oct 4th
Paying rent, much like a mortgage, can often be a person’s biggest monthly expense. Yet, there hasn’t historically been a way for renters to get credit for making these large payments on-time like homeowners. New rent-reporting platforms are aiming to change that. These platforms act as.... More »
Variable-rate mortgages regain popularity as Morningstar flags rising risks + MORE Feb 1st
Morningstar DBRS says mortgage portfolios should hold up in 2026 despite a soft housing market, while warning that rising variable-rate use and Alt-A exposure are key areas to watch..... More »
OSFI considering the need for additional regulations on existing mortgages + MORE Apr 22nd
Canada’s banking regulator says it is considering whether to extend the scope of its mortgage guidelines to include existing mortgages. In its second Annual Risk Outlook released this week, the Office of the Superintendent of Financial Institutions (OSFI) said it will “consider the scope of .... More »
What is a private mortgage and when does it make sense?
– canadianmortgagetrends.com
For those having trouble qualifying for a traditional mortgage, other solutions are still available, one of which is a private mortgage. And with increasingly stricter mortgage regulations and qualification requirements being introduced by the government, they’re growing in popularity. Private lending accounted for approximately 4-5% of Canada’s overall mortgage market in 2015, according to data […]
