Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
FICOM Proposes More Compensation Transparency + MORE Oct 23rd
How would you like to know what your mortgage broker is earning on your mortgage? In B.C., you may soon find out. The mortgage broker regulator there plans on doing what no other major province has done: force mortgage brokers to disclose how much they’re earning from lenders on your mortgage..... More »
Have Questions About the New Stress Test Rate? Here Are Some Answers… Feb 22nd
The Department of Finance created shockwaves this week with its announcement that it will be revamping how insured mortgages are stress tested. Now that the dust has settled, here’s a more in-depth look at the implications, as well as some industry reaction. But first, a quick recap of what’s ch.... More »
Enforcement against mortgage professionals jumps as FSRA flexes new powers Apr 3rd
With higher fine limits now in place, regulators say recent penalties may only reflect the early stages of a stricter regime.... More »
Mortgage Digest: MPC National Conference edition + MORE Oct 31st
Highlights from this week’s MPC National Conference in Montreal, including key insights from the panel discussions, keynote speakers and concurrent sessions..... More »
How much you need to earn to afford a home in Toronto and the GTA + MORE Oct 8th
Looking at the Toronto housing market through a lens of percentages, shifting sales numbers and interest rates may be the go-to method for industry insiders, but for many run-of-the-mill buyers, there’s really one thing that matters: “What kind of home can I afford?”
To help answer that que.... More »
CMHC Hikes Premiums Again
– canadianmortgagetrends.com
If you plan to buy a home with less than 10% down and get CMHC insurance, get ready to pay another $450 per $100,000 of mortgage. That’s what CMHC’s just-announced premium hike amounts to. Click here for details It’s the second time in about a year that CMHC has raised its fees on homeowners. The new premiums are a 14-15% increase over today, or 31% if you compare them to CMHC’s fees last year. CMHC’s move targets only those putting down less than 10%, which amounts to 56.8% of CMHC-insured borrowers, as of CMHC’s latest reported quarter. The company says the decision is READ MORE
What's Wrong With The U.S. Economy? Job Growth Isn't Boosting GDP And Cheap Gas Isn't Powering Spending
– walletpop.ca
WASHINGTON — Steady hiring is supposed to fire up economic growth.
Cheap gasoline is supposed to power consumer spending.
Falling unemployment is supposed to boost wages.
Low mortgage rates are supposed to spur home buying.
America’s economic might is supposed to benefit its workers.
Yet all those common assumptions about how an economy thrives appear to have broken down during the first three months of 2015.
The economic benefits that normally would flow after a full year of solid hiring have yet to emerge. Just 126,000 jobs were added in March, the government said Friday. Average weekly paychecks fell.
Restaurants cut back on hiring because savings at the gas pump didn’t lead to more dinner reservations. Builders and manufacturers each cut 1,000 workers from payrolls, thanks to tepid construction activity and so-so factory orders.
Had Friday’s report been released a few days earlier, “it would have been laughed at as a great April Fools’ joke,” said Gregory Daco, head of U.S…
Why US job growth isn’t boosting the economy and cheap gas isn’t powering spending
– canadianbusiness.com
WASHINGTON – Steady hiring is supposed to fire up economic growth.
Cheap gasoline is supposed to power consumer spending.
Falling unemployment is supposed to boost wages.
Low mortgage rates are supposed to spur home buying.
America’s economic might is supposed to benefit its workers.
Yet all those common assumptions about how an economy thrives appear to have broken down during the first three months of 2015.
The economic benefits that normally would flow after a full year of solid hiring have yet to emerge. Just 126,000 jobs were added in March, the government said Friday. Average weekly paychecks fell.
Restaurants cut back on hiring because savings at the gas pump didn’t lead to more dinner reservations. Builders and manufacturers each cut 1,000 workers from payrolls, thanks to tepid construction activity and so-so factory orders.
Had Friday’s report been released a few days earlier, “it would have been laughed at as a great April Fools’ joke,” said Gregory Daco, head of U…
Cheap gasoline is supposed to power consumer spending.
Falling unemployment is supposed to boost wages.
Low mortgage rates are supposed to spur home buying.
America’s economic might is supposed to benefit its workers.
Yet all those common assumptions about how an economy thrives appear to have broken down during the first three months of 2015.
The economic benefits that normally would flow after a full year of solid hiring have yet to emerge. Just 126,000 jobs were added in March, the government said Friday. Average weekly paychecks fell.
Restaurants cut back on hiring because savings at the gas pump didn’t lead to more dinner reservations. Builders and manufacturers each cut 1,000 workers from payrolls, thanks to tepid construction activity and so-so factory orders.
Had Friday’s report been released a few days earlier, “it would have been laughed at as a great April Fools’ joke,” said Gregory Daco, head of U…
Canada Mortgage and Housing Corp. is raising mortgage insurance premiums for homebuyers with less than a 10 per cent down payment.
First National
– canadianmortgagetrends.com
Company: First National Position: Senior Underwriter, Commercial Mortgages Location: Toronto, Ontario Senior Underwriter, Commercial Mortgages Why Choose First National as a Great Place to Work? More than 80% of current First National employees indicate that they would recommend First National to a friend as a great place to work. More than 85% of current First National employees indicate that they have trust and confidence in our Senior Leadership team’s ability to achieve our goals! We are extremely proud to have been awarded the Employer of Choice Award from CMP (Canadian Mortgage Awards) for 2010, 2011, and 2014! We offer: A professional READ MORE
