What is a private mortgage and when does it make sense? Sep 1st

Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
mortgage

Packing Less Punch: Millennials’ Home Purchasing Power Drops by $40K due to New Stress Test Rules + MORE May 6th

Millennials looking to purchase new property across Canada this year are going to have to settle for less. The average peak millennial’s purchasing power in Canada is 16.5 per cent lower than it was at this time last year, meaning they qualify for a mortgage of about $40,000 less than before. The.... More »

A $200,000+ income is now needed to qualify for an average mortgage in Toronto & Vancouver Dec 22nd

High home prices and rising interest rates over the course of 2022 have made it significantly harder for buyers to qualify for the average mortgage, driving RBC's affordability measure to its worst-ever level..... More »
mortgage

Toronto housing bubble: Is it ready to pop? + MORE Nov 25th

The Toronto real estate market has experienced remarkable growth over the past two decades. The average home price in Toronto surged by a staggering 489% from 2000 to 2022, according to the Toronto Real Estate Board (TRREB). This rapid price growth has raised concerns about the future of affordable .... More »
 home equity

California's Mortgage Raid + MORE Sep 24th

Jerry Brown and the Legislature refuse to honor a court order..... More »

Housing market slowdown continues with sales and average prices well down from last year - CBC News + MORE Oct 14th

Housing market slowdown continues with sales and average prices well down from last year  CBC NewsReal estate: Canadian home sales continue to slow  CTV NewsCREA reports home sales in typically busy September continued to slow  NewmarketToday.caCanada’s average home p.... More »
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 […]

Continue Reading On canadianmortgagetrends.com »

Share

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