3 Common Mortgage Questions Answered
September 12, 2021
3 Common Mortgage Questions Answered When it comes to mortgages, sadly, we don’t learn about this stuff in school. It’s up to us to do our research and figure out…
Category: Purchasing
Who pays bills more regularly? Homeowners or non-homeowners?
September 10, 2021
While Canadian homeowners have on average $359,597 in mortgage debt, they are still generally dealing better with the costs of living than non-owners, according to a…
How are first-time buyers getting the money they need?
September 9, 2021
Comparing 2020 to 2021, the share of first-time buyers using windfalls as home down payments was higher for each month and has kept increasing, according to online…
What is Rent to Own?
September 5, 2021
What is Rent to Own? You may have heard of the concept of rent to own. It can be a good way for landlords to make money and a good way for tenants to get into the…
Latest in Mortgage News: Canadians Say Low Interest Rates to Blame for High Home Prices
September 3, 2021
More than three-quarters of Canadians (77%) believe home prices in suburban and rural areas have risen to unsustainable levels, and most feel that ultra-low interest…
CIBC’s Strong Q3 Mortgage Growth Helped Fuel Market Share Gains
August 26, 2021
CIBC and TD Bank closed out the third-quarter earnings season for the Big 6 banks with impressive profits, much like their peers that reported earlier in the week…
Mortgage Borrowing Grew at its Fastest Monthly Pace Ever in June
August 20, 2021
Mortgage debt in Canada soared above $1.7 trillion in June, growing at a monthly pace never before seen, according to Statistics Canada.
The new figures show mortgage…
The Different Types of Lenders – Banks vs. Credit Unions vs. M…
August 16, 2021
The Different Types of Lenders – Banks vs. Credit Unions vs. Monolines Many Canadians automatically go to their local bank branch for a mortgage. This can be a hu…
Industry Response to New Sept. 30 Holiday and How Some Closings Will be Affected
August 13, 2021
Mortgage lenders, brokers and brokerages across the country are developing contingency plans for clients whose closings will be impacted by the new September…
What will post-pandemic brokering look like?
August 9, 2021
One of the most-discussed developments of the COVID-19 era has been the Zoom revolution, with work-from-home requirements drastically reducing face-to-face…