Broker frustrations about inconsistent payment penalties have sparked a creative solution.
Fitch Ratings has downgraded its support ratings for many of Canada’s banks and mortgage lenders from 2 to 1.
Brokers have reason to rejoice: yet another economist has suggested that the Bank of Canada is unlikely to increase interest rates.
The latest edition of the BMO Blue Book shows how Canada’s economic landscape is shifting due to the lower oil prices and the loonie.
Canada’s Trez Capital Senior Mortgage Investment Corporation has reported strong first quarter results for 2015 despite a slight dip in revenue.
Investors who are buying multiple properties are finding it harder to secure financing.
One big bank makes a case for why the next move on rates may be out of the hands of the Bank of Canada.
Brokers now know what the near future holds for rates -- following the Bank of Canada’s decision to hold its overnight rate at ¾ per cent – but what can they expect in the longer-term? Several big bank economists weigh in.
Only 33% Canadian homeowners admit that they have read their entire mortgage agreement, a recent study by Scotiabank has revealed. Worse, only 27% fully understood the details of their home loans.
Rising home sales in Toronto and Vancouver may give support to those saying the federal government may tighten mortgage rules once again.