Canadian Mortgage Trends


Mortgage Rates & Mortgage Broker News in Canada

The most important company in Canada’s non-prime mortgage market today is Home Capital. Not because it’s the #1 lender by volume (that honour goes to Equitable Bank), but because its fate drives sentiment and liquidity in the non-prime space. And that sentiment is on the upswing. Check out Home Capital’s stock price over the past […]

11/17/2017 12:25:54 PM

Mortgage penalties are probably hated about as much as taxes—but tenfold. Particularly when those penalties reach into the five figures. Take this case of an Edmonton couple that was initially quoted $17,000 to break their five-year fixed mortgage early. But homebuyers need not fall into the trap of being stuck with enormous penalties simply to […]

11/6/2017 10:07:58 AM

Although Wednesday’s Bank of Canada rate hold was largely expected, variable rate mortgage holders are likely still breathing a sigh of relief. After raising interest rates at each of its previous two meetings, the Bank of Canada on Wednesday took a pause and left its overnight rate at 1.00%, citing concerns about NAFTA renegotiations and […]

10/27/2017 10:51:01 AM

While it’s fairly common for those in tight rental markets to have a roommate to help split the rent, an emerging trend is buying real estate with a family member or friend. Faced with high home prices in big cities and tougher mortgage rules, including a new stress test on uninsured mortgages, it’s becoming increasingly […]

10/23/2017 11:43:39 AM

Canada’s banking regulator today unveiled the final changes to its mortgage underwriting standards—Guideline B-20—that will further tighten lending standards and affect borrowers and lenders alike. The most wide-reaching change announced by the Office of the Superintendent of Financial Institutions (OSFI) is the establishment of a new minimum qualifying rate, or “stress test,” for borrowers making […]

10/17/2017 12:16:37 PM

High borrowing rates are a relic. Canadian regulators may soon force borrowers to qualify at interest rates two percentage points above the contract rate. With many posted mortgage rates now approaching and even surpassing 3.00% (depending on the term), this means borrowers will soon need to show they can afford payments based on rates of […]

10/13/2017 12:55:31 PM

Most of the financial world is already heavily invested in online distribution. And then there’s the mortgage business. Our industry is scampering to catch up. But catch up it will…and soon. That was the vivid takeaway from last week’s 2nd annual Digital Mortgage Conference in San Francisco. Interest in online mortgages is getting more palpable […]

10/4/2017 4:52:43 PM

The countdown has started to the largest and most important annual gathering of mortgage professionals in the country. In less than 60 days, industry professionals will converge upon Niagara Falls for Mortgage Professionals Canada’s National Mortgage Conference. The two-day conference takes place on November 26 and 27 and will feature networking and educational sessions, industry-specific […]

10/3/2017 10:56:40 AM

Among external factors that affect housing markets, two are by far the most important and both are more or less directly controlled by the federal government. The first is policy regulation that defines the rules and parameters under which mortgage loans can be originated. The second is the interest rates set by the Bank of […]

9/28/2017 8:41:35 AM

New data from CMHC shows average credit scores of mortgage holders across the country are continuing to rise. A full 80.7% of mortgages in Canada are held by borrowers with a “very good” (700-749) or “excellent” (750+) credit score, CMHC says. That’s up from 78.2% in 2012. Meanwhile, the percentage of mortgage holders with “fair” […]

9/26/2017 10:54:20 AM

Featured Listings

Take a look at CondoandHome.ca's listing inventory of greater Toronto area homes!



 
62 photos

Edenbridge

"North Drive location ! A very rare grade of workmanship !"
$2,888,000
"Uncompromising luxury in Edenbridge!"
Style 4-Level Split
Bedrooms 4
Bathrooms 5
20 photos

weston/ major mac

"End unit townhouse/ over 2000 sq.ft"
$889,000
"4 bdrm ; 4 washroom. and 2nd kitchen"
City Vaughan
Style 2 Storey
19 photos
$859,888
City Mississauga
Style 5-Level Split
Bedrooms 3
Bathrooms 3
11 photos
$833,880
City Vaughan
Style 3 Story
Bedrooms 3
Bathrooms 3
16 photos
$829,900
"Well priced detached home"
City Mississauga
Style 2 Storey
Bedrooms 3
Bathrooms 4
17 photos
$799,800
City Maple
Style Single Story
Bedrooms 3
Bathrooms 2
22 photos
$799,000
City Vaughan
Style 2 Story
Bedrooms 4
Bathrooms 4
19 photos
$799,000
City Vaughan
Style 2 Story
Bedrooms 3
Bathrooms 3
14 photos
$799,000
City Mississauga
Style Single Story
Bedrooms 3
Bathrooms 3
17 photos
$789,000
City Vaughan
Style Single Story
Bedrooms 3
Bathrooms 2
1 photos
$779,000
City Mississauga
Style 2 Story
Bedrooms 4
Bathrooms 3
10 photos
$769,000
City Mississauga
Style 2 Story
Bedrooms 3
Bathrooms 4
20 photos
$749,900
City Mississauga
Style 5-Level Split
Bedrooms 4
Bathrooms 3
20 photos
$749,000
City Mississauga
Style 2 Story
Bedrooms 3
Bathrooms 4
20 photos
$735,000
City Mississauga
Style Bungalow
Bedrooms 3
Bathrooms 2
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