Latest news

  • Reverse mortgages up

    Reverse mortgages are up 26 per cent year-to-date, according to HomeEquity Bank; which dredges up an ongoing debate about the value of such a product.

  • Canadians paying off mortgages faster

    Record low interest rates are helping Canadians pay off their debt faster, but cheap borrowing costs are not enough to overcome the red hot housing sector, according to a new survey.

  • Daily Market Update

    Could the Bank of Canada actually CUT rates? …. Calgary sets new records… and should rules on condo ownership be standardized ?

  • CAAMP crunches the rate discounting numbers

    CAAMP’s comprehensive quarterly report, entitled “Looking for a ‘New Normal’ in the Residential Mortgage Market”, points to just how prevalent rate discounting is across Canada.

  • Brokers to fight over fewer mortgages?

    Housing inventory across Canada continued its declining trend in April 2014, marking four consecutive years of shrinking housing availability.

  • A new type of mortgage provider?

    In today's market it's all about the banks vs. brokers but younger customers say they are open to considering a third option.

  • Daily Market Update

    Despite a rise in inflation and some slow growth figures for the first quarter of the year, interest rates are unlikely to change on Wednesday…. CMHC market share falls…. And why homeowners should protect the title to their properties….

  • Brokers must 'outsmart' banks

    The key is to “outsmart” the big banks, according to one broker, following one institution’s ad campaign plugging its lowest five-year fixed rate in recent memory.

  • Highlights from CAAMP's report

    CAAMP released its spring consumer report Thursday, which paints an optimistic picture of the current housing market; especially in the eyes of home buyers.

  • Broker doesn't like first-time buyer trend

    First-time home buyers are putting off purchasing a principle residence in favour of first buying investment properties in cheaper markets, says one broker; but one of his peers isn’t convinced this is the best move.