If your client is looking for a mortgage broker, make sure her first stop is the new national database of disciplined mortgage brokers. Read: What should your clients do with their ‘mortgage gap’ money? The database was developed by the Mortgage Broker Regulators’ Council of Canada (MBRCC), and integrates disciplinary records from most provincial regulators, […]
Housing experts and economists are trying to determine why prices continue to creep up.
When there’s a gap between the mortgage your client qualifies for and the one he actually gets, what should he do with the extra money? It’s a question posed by Garry Marr in the Financial Post. Mortgage rules were tightened in October, requiring homebuyers to qualify based on the Bank of Canada’s posted rate for […]
Today, CMHC's mortgage loan insurance premium increases take effect.
Home sales hit their highest level since April 2016, gaining 5.2% in February compared to January, reveals statistics from the Canadian Real Estate Association. Read: The solution to Canada’s housing crisis The national average price for a home sold in February was $519,521, up 3.5% from a year ago. Excluding Greater Toronto and Vancouver, the […]
Meridian has launched a family and friends mortgage, which allows members to pool their money so they can buy a shared home.
High-risk and suspected fraudulent mortgage activity is on the rise, says Equifax Canada.
Nearly half of homeowners would be ill-prepared for a personal financial dilemma.
If your millennial client is buying her first home, she may have mortgage concerns that need to be addressed. That’s because only 12% of Ontario millennials likely to get a mortgage say they feel very confident they know everything they need to know to make the best decisions, reveals a survey by the Financial Services […]
To get the best mortgage rate deal you need to hedge and shop aggressively.