2019-10-25 16:13
Movements in the rental market are great indicators of the state of housing affordability. When people can’t afford to buy, they rent, and when there’s an influx of renters in a… Read More
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CMI keeps you up-to-date on the latest mortgage news. Learn about recent Canadian mortgage trends here. CMI brokers are your source for mortgage news.
2019-10-24 16:36
More Canadians have started to turn to private lenders in search of mortgage financing. With mortgage regulations continually becoming stricter and tightening the lending gap, many would-be… Read More
2019-10-24 16:36
Do Home Improvements Improve Value?
According to a CIBC poll, only 32% of homeowners who’ve decided to renovate came up with a detailed budget. That’s only half the story. Of tho… Read More
2019-10-24 16:36
In a statement released in July of 2019, the Bank of Canada (BOC) reported positive trends in the national housing market. “At the national level, the housing market is stabilizing, al… Read More
2019-10-24 16:34
For most people, a house is the most expensive purchase they will make in their lifetime, and aside from the obvious (having a place to live), homebuyers have incomparable incentives to own… Read More
2019-07-22 10:36
Almost everyone takes out a loan to buy a home. As the loan is being paid back, you build up the equity in your home. Home equity is the difference between the market value of your home and… Read More
2019-07-04 14:52
Housing prices are up, and bank loan requirements are getting harder to meet. You’d think the Canadian dream of homeownership would be gasping for breath, but on the contrary, demand i… Read More
2019-07-01 07:41
A house fulfills the basic need for shelter, the typical homebuyer refers to it as an “investment,” they don’t usually mean that the property will yield any financial retu… Read More
2019-05-27 10:48
Real estate is often touted as one of the most effective ways of growing wealth, but the caveat is that it is very capital intensive. If you want to invest in real estate, you can get financ… Read More
2019-05-15 15:23
One of the most talked about subjects in the federal budget of 2019 is the government’s plan to alleviate some of the difficulty in purchasing a house by introducing the First Time Buy… Read More
2019-03-05 14:21
You’ve made an offer on a property and it’s been accepted. Or, you’ve decided to remodel that dusty old basement and need to refinance. Or you’re mortgage has come up… Read More
2019-02-22 07:45
For years the Bank of Canada has been warning about the possibility of higher interest rates, but those pleas have largely fell on deaf ears. In July 2017 everything changed when our central… Read More
2019-02-22 07:37
Are you considering getting a private mortgage in Canada? Well, you came to the right place.
Nicknamed lenders of “last resort,” private lenders seem to have gained a negative re… Read More
2018-12-31 12:07
A good mortgage broker in Edmonton should have your best interests in mind when you’re purchasing a home, renewing or refinancing your mortgage. Your broker get the mortgage financing… Read More
2018-12-17 07:42
Are you looking to refinance your mortgage? Looking to consolidate debt? Searching for a HELOC? Then you’ll want to read this article. We picked the brains of the best mortgage brokers… Read More
2018-12-10 07:33
Are you looking for a mortgage in Ontario? Your local bank may be a good first stop, but it shouldn’t be your only stop. If you want a truly unbiased opinion on mortgages, be sure to g… Read More
2018-11-26 05:54
Dealing with banks can be super stressful when refinancing your mortgage, getting a new one, or accessing the equity in your home. So, it’s only natural you’ll want a team of tru… Read More
2018-11-19 06:25
You’ve probably heard the term “mortgage refinancing” tossed around like salad, but do you truly understand what it means? Mortgage refinancing is when you replace your exi… Read More
2018-11-05 06:32
A mortgage broker is supposed to work on your behalf to secure the mortgage financing you’re looking for when purchasing a property, renewing your mortgage or refinancing your mortgage… Read More
2018-10-29 06:31
There are approximately 3 million HELOC accounts in Canada with an average outstanding balance of $70,000—and many Canadians with a HELOC can expect their borrowing cost to increase th… Read More
2018-10-23 06:10
Before deciding the types of mortgages that may be right for you, you’ll have to make another important decision – the type of lender you’d like to work with.
In Canada, th… Read More
2018-10-22 09:03
Before deciding the types of mortgages that may be right for you, you’ll have to make another important decision – the type of lender you’d like to work with.
In Canada, th… Read More
2018-10-09 07:28
Are you looking to renovate your kitchen or go back to school? If you’re a homeowner with some equity, then you might consider taking out a home equity line of credit (HELOC). A HELOC… Read More
2018-10-01 06:44
A mortgage broker in Calgary should look out for your interests when you’re buying a home, renewing or refinancing your mortgage. Your broker helps you secure mortgage financing by pre… Read More
2018-09-10 11:48
When you want to take out a mortgage, your first stop will most likely be your local bank branch. While there’s nothing wrong with it being your first stop, it shouldn’t be your… Read More
2018-08-28 11:47
The latest census report released by Statistics Canada shows that there are more senior citizens who are 65 years and above than children who are 15 years and below.
This unprecedented demog… Read More
2018-08-13 06:18
We’re living in a world where certain financial obligations must be settled on time. It could be college tuition, renovation costs, emergency repair bills, debt consolidation or even p… Read More
2018-07-30 05:43
Mortgage brokers, otherwise known as mortgage agents, act on behalf of a borrower seeking mortgage financing for the upcoming purchase of a home. They are there essentially to provide home f… Read More
2018-07-23 05:36
Whether you are consolidating debt, refinancing your home, buying a new one, or looking to conduct home renovations, there are a number of options at your disposal. You can go talk to your b… Read More
2018-07-16 06:42
The post Buying a home in Canada: Everything you need to succeed appeared first on Canadian Mortgages Inc Read More
2018-07-16 06:12
There’s nothing better than to have a home to call your own. Home is where you make a life for yourself with the people you love. It’s where you create wonderful and unforgettabl… Read More
2018-06-11 06:39
Refinancing a mortgages is an option many homeowners in Canada consider for various reasons. Some do so to reduce their interest rate and monthly mortgage payments. Others consider it to be… Read More
2018-05-30 09:29
Before you execute your plans to buy a new home, you must take the time to ask and learn the answer to this question: How do mortgages work?
Not all aspiring homeowners in Canada have the ex… Read More
2018-05-18 06:12
If you are new to the homebuying process, there are numerous things for you to consider and research. In many cases, you will become accustomed to different terms, definitions and standards… Read More
2018-05-09 05:28
The post Top 10 Canadian Cities To Live In appeared first on Canadian Mortgages Inc Read More
2018-05-09 05:20
We know that time changes just about everything, which is why we decided it’s time for us to update our list of best places to live in Canada. If you’re thinking about where to l… Read More
2018-04-28 10:06
Making improvements to your home can improve its look and feel, increase its value, and enhance functionality. Even if you have some great ideas for home renovations, the most significant ch… Read More
2018-04-25 14:13
There are few milestones in life more exciting and memorable than purchasing a home. It can be a great investment, and for many, it’s a culmination of a great deal of hard work, sound… Read More
2018-04-14 11:26
In 2012, we wrote a series of articles about the worst cities to live in Canada. We looked at a variety of factors, such as the real estate market, the amount of crime, the amount of health… Read More
2018-04-06 05:23
On January 1st, 2018, Canadians woke up to a very different lending environment. New rules instituted by the Office of the Superintendent of Financial Institutions (OSFI) include a requireme… Read More
2018-04-03 05:56
Owning a home can be incredibly expensive depending on where you live. Most homeowners must take out a mortgage to finance the purchase of their properties if they are unable to pay for it o… Read More
2018-03-29 05:37
If you’re a Canadian homeowner, you’ve probably heard about second mortgages. But what is a second mortgage? It’s a type of loan that is secured by your home, similar to a… Read More
2018-03-19 06:03
Year after year, residential real estate prices in Ontario have continued to rise. This Canadian province is a bustling center of activity and growth, with increasing populations and high em… Read More
2018-03-15 06:43
Owning a home allows you to build credit, grow equity and invest in your future. Whether you are shopping for your very first home or you’re a long-time homeowner, it’s important… Read More
2017-10-12 23:00
High interest rate credit cards, auto loans and lines of credit can be difficult to pay off. Luckily, homeowners have helpful options that can help them manage their debt before it gets out… Read More
2017-09-22 01:47
Buying a house or rental property is a lot of work. The last thing you need is to get bogged in the search process. Here, we present you with six property search tips that can help you find… Read More
2017-09-15 02:34
Ontario’s cooling housing market has been no match for Canada’s booming economy. Canadian GDP surged more than expected in the second quarter, growing at the fastest pace since 2… Read More
2017-09-01 03:47
Not everyone can qualify for a mortgage these days. Government regulations targeting down payments, investment properties and high-ratio buyers mean that more Canadians won’t qualify f… Read More
2017-08-21 03:20
It’s often said that a home is the biggest investment you’ll ever make. For first-time homebuyers, the process is about much more than money. Without preparation, the costs of ho… Read More
2017-08-11 01:48
Investors, developers and property owners are all optimistic about Canadian real estate. Investors keen on venturing beyond the single-family housing market will find below, the four propert… Read More
2017-08-03 03:37
It has been an eventful year for the Canadian economy: above average growth, steady job creation and a rate hike from the central bank. Declining home sales in the GTA had an outsized impact… Read More
2017-06-19 23:56
If buying a home is the biggest investment you’ll ever make, the mortgage you need to finance it will probably be the largest debt you ever assume.
Mortgage rates have a significant im… Read More
2017-05-18 02:01
Canadian property values continued to soar last month, prolonging the uptrend that has pulled average prices well north of $500,000. But for Toronto, signs of a cooldown emerged just one mon… Read More
2017-05-04 02:54
For many Canadians, paying off debt is the number one priority for achieving financial health. Unfortunately, debt in the form of high interest credit cards, auto loans and personal lines o… Read More
2017-05-03 02:13
The transition from rent to homeownership has many obstacles for millennials. We’ve put together this guide to help young people make homeownership work for them.
Buying your first hom… Read More
2017-04-16 16:33
Ontario’s most overlooked housing markets are a steal compared to the Greater Toronto Area (GTA).
With real estate values skyrocketing across much of the Greater Toronto Area (GTA), ho… Read More
2017-03-22 03:28
Banks, institutions and high net-worth individuals have long appreciated mortgages as an alternative investment. Now, accredited investors can also use mortgages to grow their wealth.
Make m… Read More
2017-02-15 00:54
Ottawa’s new mortgage guidelines have made it harder for Canadians to qualify for the five-year fixed rate mortgage. Luckily, variable rates continue to offer more savings.
Canada&rsqu&hell…Read More
2017-02-09 01:14
U.S. President Donald Trump wasted little time making his presence felt north of the border. With a stroke of a pen, Mr. Trump issued an executive order to begin renegotiating the North Amer… Read More
2017-01-22 23:36
Canadian home sales slowed last month, thanks to a 40% drop in Vancouver, the country’s most overheated market.
Canada’s housing market regained momentum in December, but a shar… Read More
2017-01-16 00:49
An improving jobs market, higher oil prices and stronger exports all suggest the Canadian economy is on the gradual road to recovery.
Canada’s economy sprung to life during the holida… Read More
2016-12-28 20:25
We live in the digital age of entrepreneurship, but for many Canadians, this means qualifying for a mortgage has never been more difficult.
It is estimated that about 10% of Canadian workers… Read More
2016-12-12 20:15
The post Flippin’ Houses appeared first on Canadian Mortgages Inc Read More
2016-12-12 20:10
Canada’s mortgage rates remain near historic lows, but developments south of the border indicate a shift may be under way.
Homebuyers shuttered last month after RBC and TD Bank raised… Read More
2016-11-24 00:32
The post Financial Forecast appeared first on Canadian Mortgages Inc Read More
2016-11-23 23:59
Donald Trump’s surprise election victory appears to be sending a “sell Canada” signal to the financial markets. This edition of Money Talks looks at the state of the Canadi… Read More
2016-11-14 05:04
Canada’s economy created 43,900 jobs in October, marking the first back-to-back gains in employment in over a year. On the housing front, real estate sales are diverging between East… Read More
2016-11-14 04:16
The post Win Big appeared first on Canadian Mortgages Inc Read More
2016-11-04 03:08
New measures to rein in Canada’s booming real estate sector will weigh on GDP growth, BOC says.
The Bank of Canada (BOC) has downgraded the country’s economic outlook yet again… Read More
2016-10-17 09:30
More than half of Canadians are within $200 of being unable to meet their monthly expenses, yet households still show no sign of debt aversion.
More Canadians are falling behind on their bi… Read More
2016-10-17 09:00
The post What’s Up? appeared first on Canadian Mortgages Inc Read More
2016-10-08 18:30
Ottawa’s new mortgage rules are designed to stabilize the housing market, but could actually create more affordability challenges for cash-strapped Canadians.
The Canadian government r… Read More
2016-09-27 23:13
The post Open Concept appeared first on Canadian Mortgages Inc Read More
2016-09-27 23:09
Canada’s economy is hanging on for dear life. This edition of Money Talks looks at whether there’s light at the end of the tunnel.
Interest rates will be lower for longer. That i… Read More
2016-09-21 00:11
Housing was one of the only bright spots in an otherwise ugly second quarter for Canada’s economy.
Consumer spending and demand for housing were the main positive contributors to the… Read More
2016-09-20 01:17
The post Accountants Tell The Scariest Bedtime Stories appeared first on Canadian Mortgages Inc Read More
2016-09-13 02:51
The post Bank Life Preserver appeared first on Canadian Mortgages Inc Read More
2016-09-08 23:26
Vancouver’s affordability crisis could soon become Toronto’s as foreign real estate hunters shift their focus eastward.
British Columbia’s controversial tax targeting for… Read More
2016-08-29 00:12
Since 2007, the average residential mortgage in Canada has surged 71%, placing even bigger strain on households.
Canada’s mortgage industry has expanded over the past nine years, growi… Read More
2016-08-20 00:19
This edition of Money Talks explores the resilience of Canada’s housing sector despite a slowing economy.
Canada’s economy is in the doldrums, and experts believe it’ll get… Read More
2016-08-16 01:59
The post Time Machine appeared first on Canadian Mortgages Inc Read More
2016-08-16 01:58
The post Banking App appeared first on Canadian Mortgages Inc Read More
2016-08-08 04:53
Canada’s economy is growing at its slowest rate in 60 years, with only housing preventing things from getting worse.
Canada’s economy has seen better days. Gross domestic produc… Read More
2016-07-28 23:58
OSFI urges some banks to stress-test a 30% drop in home prices.
Canada’s banking watchdog is requiring some financial institutions to stress-test against sharp declines in house prices… Read More
2016-07-26 21:34
By Emmanuel De Guzman, WhichMortgage.ca
Toronto and Vancouver have dominated the conversation when it comes to the Canadian real estate market, and being the two most unaffordable hous… Read More
2016-07-18 00:41
The post You’re a Loonie appeared first on Canadian Mortgages Inc Read More
2016-07-18 00:39
The post Borrow Against Equity appeared first on Canadian Mortgages Inc Read More
2016-07-18 00:38
The post Negotiating in Dollars appeared first on Canadian Mortgages Inc Read More
2016-07-18 00:28
The post Top 10 Real Estate Markets in Canada appeared first on Canadian Mortgages Inc Read More
2016-07-12 01:55
Britain’s decision to leave the European Union continues to dominate headlines and conversations around the world. But after last week’s stock market rally, have investors finall… Read More
2016-07-04 04:16
The United Kingdom’s Brexit vote to leave the European Union last month dealt a massive blow to the financial markets, as heightened economic and political uncertainty trig… Read More
2016-06-26 19:39
Rock-bottom interest rates are driving an unprecedented housing boom that has many economists worried about an overvalued market. But a recent report from Moody’s suggests Canada is mo… Read More
2016-06-17 02:32
Canadians are carrying record debt levels and seem ready to handle more. Is this a cultural norm or lack of credit education?
Nearly three-quarters of Canadian families carry some form… Read More
2016-06-07 21:37
Bank of Canada (BOC) in wait-and-see mode as the oil-price shock continues to weigh.
After cutting the benchmark interest rate to 0.5% in July 2015, the Bank of Canada (BOC) has remained lar… Read More
2016-06-01 02:47
Real estate investing in Canada continues to pay dividends, with growth in house prices far outpacing gains in volatile equity markets over the past 12 months.
Real estate investing remains… Read More
2016-05-19 02:22
If you’re a homeowner, deciding whether to extract equity from your property is one of the most important decisions you’ll ever make. If you leave your existing first mortgage in… Read More
2016-04-14 22:26
Housing Activity Remains Elevated Despite Lackluster Economy
Canada’s housing market remained robust in March, as demand for multi-unit dwellings trumped rising unemployment and slowe… Read More
2016-04-14 22:26
Housing Activity Remains Elevated Despite Lackluster Economy
Canada’s housing market remained robust in March, as demand for multi-unit dwellings trumped rising unemployment and slowe… Read More
2016-03-21 01:14
Introduction
Canada’s housing market continued to prove its resilience in 2015, as the combination of rock bottom interest rates and a competitive finance system outweighed the… Read More
2016-03-15 05:14
It can be very difficult to pick any one “best city” in this beautiful country. How do you decide? Do you go by weather? Housing values? Employment numbers? For our purposes we f… Read More
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