CanadaMortgageNews.ca
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A Mortgage Broker specializes in providing expert mortgage advice. As an industry insider, I'm committed to keeping you informed and up to date with the latest in Canada's Mortgage News. With over 20 years of experience with two of Canada's Biggest Banks and as an independent Mortgage Broker with Mortgage Architects, I've been able to sit on both sides of the Mortgage Approval..
CanadaMortgageNews.ca
3w ago
I had the pleasure of being interviewed by RatesDotCa for their Ask The Expert edition on the current and future markets, rates prediction, amortization, and new changes to the mortgage industry. Here are ..read more
CanadaMortgageNews.ca
1M ago
One of the most common requests I get when discussing mortgage options with my clients is that they want the shortest amortization they can afford. They want to pay their ..read more
CanadaMortgageNews.ca
1M ago
A FOUR PART SPECIAL EDITION… PART 4 of 4 THE GREAT MORTGAGE RESET… MY RECOMMENDATIONS. This policy of making it harder to borrow money has only hurt the little guy, the ..read more
CanadaMortgageNews.ca
1M ago
A FOUR PART SPECIAL EDITION… PART 3 of 4 Canada’s mortgage lending rules and policies are broken. They just don’t work. And the more our Federal government tries to help, the ..read more
CanadaMortgageNews.ca
1M ago
A FOUR PART SPECIAL EDITION… PART 2 of 4 Canada’s mortgage lending rules and policies are broken. They just don’t work. And the more our Federal government tries to help, the ..read more
CanadaMortgageNews.ca
1M ago
A FOUR PART SPECIAL EDITION… PART 1 of 4 Canada’s mortgage lending rules and policies are broken. They just don’t work. And the more our Federal government tries to help, the ..read more
CanadaMortgageNews.ca
1M ago
LOTS OF MOVEMENT IN MORTGAGE RATES Sounds like a football play. But I’m not talking about football even though the NFL season just started and my Buffalo Bills won their ..read more
CanadaMortgageNews.ca
2M ago
The Federal Government announced they would be extending the current amortization on insured mortgages (those buying with less than 20% down) to 30 years. ONLY if you are a First-time ..read more
CanadaMortgageNews.ca
4M ago
Some good news on mortgage rates…
Mortgage Brokers are receiving good news this week from many financial institutions. Wholesale fixed mortgage rates are falling. Great news for anyone buying, refinancing or renewing their mortgage in the near future.
The news comes as a reaction to lower than expected inflation rates. We saw 2.7% vs the expected 2.9% reported. And the US economy is finally seeing signs
of a sluggish economy. There’s a saying… Bad economic news is good news for mortgage news.
Next week…
The Bank of Canada is meeting July 24th for ..read more
CanadaMortgageNews.ca
5M ago
Everything is playing out as expected. Fixed rates have begun to fall, slowly. But this isn’t unusual or unexpected. If you’ve followed interest rate hikes and cuts, you’ll see a familiar pattern.
When the cost of funds goes up, interest rates go up almost immediately, usually within a day or two. When the cost of funds goes down, it can take upwards of 3 weeks for rates to come down. It’s the same with gasoline prices. You hear in the news that oil prices have gone up and almost immediately, that increase is reflected at the pump. Whe ..read more