Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
Home construction must double over next decade to restore 2019 affordability: CMHC + MORE Jun 20th
Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand..... More »
Can Mortgage Brokers Compete with Low Online Rates? Oct 23rd
As mortgage brokers, we should assume our clients and prospects have access to much of the same information we do. But sometimes they don’t, and in such cases we can focus on finding the best lender solution..... More »
Does the government really believe there is a serious risk of rates rising? May 18th
“Watch What I Do, Not What I Say” This is one of the most useful things I learned in high school. Thank you, Mr. Hall! The federal government has clearly told us that mortgage borrowers need to be prepared for much higher interest rates in the future, since the stress test for all insured.... More »
Popularity of variable-rate mortgages plummets to pre-pandemic levels + MORE Jun 21st
The popularity of variable-rate mortgages is continuing to fall and is now nearly at levels last seen prior to the pandemic in early 2020..... More »
Canada’s financial consumer watchdog unveils guidelines to support at-risk mortgage borrowers Jul 6th
The country's financial consumer watchdog today unveiled new guidelines urging financial institutions to provide support to mortgage holders who are facing "severe financial stress" and are at-risk of default..... More »
O’Leary Mortgages is No More
– canadianmortgagetrends.com
Canada’s most outspoken capitalist has pulled the plug on brokering. After a little over a year in the business, Kevin O’Leary’s mortgage operation has closed. Alex Kenjeev, President O’Leary Ventures,…
Young Canadians view home ownership as good investment: RBC poll
– moneysense.ca
TORONTO – More young Canadians believe owning a home is a very good investment, according to a new RBC home ownership poll.
It says 86 per cent of those aged 25-34 believe owning a house or condo is a solid investment, up from a reading of 78 per cent last year.
RBC says that attitude is also reflected in buying intentions, with interest from the 25-34 age group rising to 41 per cent in the latest poll compared to just 25 per cent in 2013.
The bank also says its poll reveals that while 62 per cent of Canadians intend to buy a home with their spouse or partner, 28 per cent Canadians say they intend to buy a home by themselves.
Top factors considered by those who intend to buy this year include job stability and manageable debt.
And, among those likely to buy a home within the next two years, RBC says four-in-10 will be first time homebuyers.
“The increase in the number of those who feel the housing market is a good investment, as well as the number of those who intend to buy, really highlights that Canadians have no doubt in the strength of the housing market, said Erica Nielson, RBC’s vice president of home equity finance…
It says 86 per cent of those aged 25-34 believe owning a house or condo is a solid investment, up from a reading of 78 per cent last year.
RBC says that attitude is also reflected in buying intentions, with interest from the 25-34 age group rising to 41 per cent in the latest poll compared to just 25 per cent in 2013.
The bank also says its poll reveals that while 62 per cent of Canadians intend to buy a home with their spouse or partner, 28 per cent Canadians say they intend to buy a home by themselves.
Top factors considered by those who intend to buy this year include job stability and manageable debt.
And, among those likely to buy a home within the next two years, RBC says four-in-10 will be first time homebuyers.
“The increase in the number of those who feel the housing market is a good investment, as well as the number of those who intend to buy, really highlights that Canadians have no doubt in the strength of the housing market, said Erica Nielson, RBC’s vice president of home equity finance…
Self-employed and can’t prove all income? There’s a new mortgage solution.
– canadamortgagenews.ca
IT STARTED WITH 2008 In 2008, the world experienced the U.S. sub-prime mortgage crisis. Financial markets and real estate values nose-dived around the world…. well, not everywhere. Some countries, like Canada, held their own. Most of Canada didn’t really suffer like the rest of the world. Call it luck, govt intervention, maybe being […]
Spring Mortgages: Get Em’ While They’re Hot?
– ratesupermarket.ca
RateSupermarket’s Expert Panel Questions Sustainability of Low Spring Rates
Time may be of the essence for home buyers looking to cash in on low spring mortgage rates. While some lenders have kicked off the home buying season with mortgage discounts, it’s questionable whether a low-rate environment can last, according to RateSupermarket’s monthly expert mortgage panel.
Global economic trends are anticipated to shift out of favour for safe haven bonds, driving yields and fixed rates higher. On the domestic front, there is no change anticipated from Canada’s central bank as growth factors continue to underperform, leaving variable mortgage rates untouched.
Fixed Mortgage Rates: Up
The typically competitive spring buying season is just heating up in Canada – and some lenders, such as BMO, have introduced discounted rates to kick off the action. However, the expert panel indicates changing global economic trends will counter the possibility of a competitively low interest rate environment as investors shift their focus from safe haven bonds, driving yields and fixed rates higher in the long term…
Regulator set to release new mortgage rules
– theglobeandmail.com
New guidelines for mortgage insurers could be released as soon as Friday
