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.
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How a young couple can kill $142,000 in debt and start investing + MORE Mar 19th

iStock Julie and David live in Calgary with their two daughters, ages 10 and 7. David, 40, is a cable technician earning $150,000 annually while Julie, 37, works part-time at a retail store near home earning $6,000 annually. In 2014, their lives changed when David fell on the job and injured his lef.... More »
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B.C. home sales to fall as interest rates rise, but prices stay strong: BCREA + MORE Mar 10th

VANCOUVER _ Real estate experts in British Columbia predict residential home sales will dip this year but remain well above the province’s 10-year average, although they warn rising interest rates could leave some B.C. households “vulnerable.” The British Columbia Real Estate Assoc.... More »
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Reverse Mortgages growing in popularity… Product of the year 2018? + MORE Feb 23rd

Mortgage stress test is the buzz phrase in mortgage lending for 2018. Every borrower, regardless of how much down payment you’re making, must pass a stress test to qualify for a mortgage. The math is simple, yet intimidating. Lenders must now use your mortgage contract rate PLUS 2.00% to qual.... More »

Lender Calls – 2017 Q3 Roundup Nov 24th

Canada’s biggest non-bank lenders have all reported third-quarter earnings. In their conference calls they outlined some of the expected impacts from OSFI’s new mortgage regulations that will take effect January 1, 2018. All unanimously forecast a sizeable decline in uninsured mortgage lend.... More »

The Latest in Mortgage News – 2018 Forecasts Dec 27th

It can be a chore to stay on top of the latest mortgage news these days, particularly given the barrage of forecasts and predictions for housing markets in 2018. Unsurprisingly, the majority of forecasts for the year ahead have focused on OSFI’s new mortgage rules, including the mortgage stres.... 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 »


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