What is the “Best” Mortgage Rate? + MORE Sep 19th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News

What’s Driving Canadian Homebuyers? Feb 16th

Mortgage rule changes and increasing interest rates—surprisingly—weren’t the top motivators for prospective homebuyers in 2017, according to a new survey from the Canada Mortgage and Housing Corporation (CMHC). Instead, the 2018 Prospective Home Buyers Survey found that improved accessibil.... More »

The Latest in Mortgage News – The Stats Are In Apr 30th

There have been a number of reports released over the past few weeks that have provided some interesting insight into the state of the housing and mortgage markets. New reports have touched on everything from 2018 renewal rates, foreign buyer statistics and credit quality to the latest financial cru.... More »

Bank of Canada holds rate, hints at increases to come Dec 6th

OTTAWA — The Bank of Canada stuck with its trend-setting interest rate Wednesday — but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way. The central bank has now left the rate locked at one per cent for two straight policy announcements after the stren.... More »
 bank mortgage

Broker Lender Market Share – Q4 2017 + MORE Mar 7th

Banks continued to eat up market share in the fourth quarter, growing their portion of the broker pie by 5.4 percentage points vs. Q4 2016. For the full year, banks seized a whopping 750 basis points of share, mainly from mortgage finance companies. Virtually no broker in Canada will be surprised by.... More »
 secure line of credit

Rent is up, vacancy is down… rental properties make sense + MORE Feb 13th

Rental properties are a secure long-term investment. Note the emphasis on “long-term”. Check out any seven-year period over the past 50 years (anyone who has read this news site knows that I always recommend buying and holding for at least seven years). Property values have almost alway.... More »

What is the “Best” Mortgage Rate?

– canadianmortgagetrends.com

Six in 10 mortgage consumers choose brokers, in large part because they think brokers will get them the best rate. All too many of those people associate the “best” rate with the “lowest” rate. Mortgage professionals know that’s not generally true, but convincing clients of this isn’t always easy. While rock-bottom “no-frills” mortgage rates may […]

Continue Reading On canadianmortgagetrends.com »

OSFI’s proposed stress-test changes could result to up to 75,000 fewer home sales in a year when combined with other changes and recent interest-rate hikes

Continue Reading On theglobeandmail.com »

Share

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