Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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Interest rates may not wait for inflation to grow

Interest rate and inflation are generally like two sides of a coin. When one moves one way then the other side follows it. Although it seems to be a general norm but it may not hold ground for long. In 2008 during the financial meltdown Canadian government […]

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Smart Phone – Do you know what you share?

Use of smartphone is very wide spread now. More than half of the adult population use a smart phone.  Among many attractive features – a smart phone offers very convenient way to access financial information. Most of the big banks have their own apps for online banking. […]

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Why you may not like your bank


How a Canadian Identifies a Good Bank According to 4 in 5 Canadians – low or no fees is the definition of good banking.  6 in 10 Canadians – ready to leave their banks to save money.   Source:

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Quality not quantity – is more important now

National Bank has decided that it will pay equal attention to broker efficiency alongside business volume. Changes in bonus: It is introducing a change that will increase the existing Efficiency Bonus from next month. Existing Volume Bonus will take a ten basis point cut. National bank has […]

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Canadian Banks – 2013 – Q3 results


Canadian banks once more had a stellar quarter. Except TD (insurance losses) all other banks announced profit and distributed dividends. Please stay tuned – more will be coming up soon.

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Banks Earnings – random thoughts

Why interest rate change will not hurt banks earnings: Obviously, bank’s main earning is not dependent on interest rate. It is the spread between cost of borrowing (or funding) and cost of lending – that earns bankers their breads. If you look at the spread then it […]

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Canadian – Big 5 Banks – Q2 Results Highlight

It has been a while the banks have published their results. We gave up on solving the Basel II and III puzzle. This time only the obvious results are presented. This time growths were very limited for HELOC and mortgages for most of the lenders.

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Mortgage rule tightening on its way again


Extended amortizations like 30 and 35 years will soon be on the chopping block of the policy makers. These mortgages are not insured by the government but the regulators are still worrying about them. All the recent actions taken by the government are generally targeted for the […]

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House Price Drop, surveys, banks – Facts and Fictions

We had some faith on the survey results published by the banks. People read the results with great interest to understand how people are thinking or feeling. That trust and interest are being challenged by the big institutions big time. The latest survey of homeownership intension by […]

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Canadian big six banks are too big to fail – OSFI

In a news release OSFI (Office of the Superintendent of Financial Institutions) said that the big six Canadian banks are Systemically Important Banks. In its media release it identified the following banks being of domestic systemic importance. Bank of Montreal Bank of Nova Scotia Canadian Imperial Bank […]

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If you think 2.99% is the best then CIBC can surprise you

For short term fixed rate mortgage shoppers CIBC is a good place to start. Since Bank of Montreal came out with its 2.99 percent repeat offer – other banks are not sitting still. In the short term mortgage World now CIBC has its unique 3-3-3.1 offer. From […]

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ING decided to leave broker channel

ING is another big name lender leaving broker channel. From February 16th ING will no longer accept mortgage application from mortgage broker channel. This news comes as no surprise to mortgage brokers as it did not make any sense for Scotia to continue with brokers via two […]

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