Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
Call Us: 416-930-1225

Ontario mortgage brokers – How many are there?

FSCO has release the industry data. Although it is bit outdated but it is still packed with very insightful information about the industry. According to FSCO In 2014, Mortgage brokerages reported that they arranged $148 billion of mortgage business and mortgage administrators reported that they administered $101Read more

Canadian mortgage market – a report by CAAMP

June 2014 - total number of Canadian Home owners by mortgage type
Canadian Mortgage Market - Outlook CAAMP publishes a regular report on Canadian mortgage market. The report made an argument that the mortgage regulation changes made in 2012 were detrimental towards housing market. The report pointed out that growth of residential mortgage demand is slowing down year-over-year. AccordingRead more

Prime -1% variable rate mortgage is finally back

1.99% variable rate is back in Canada

Investor’s Group yesterday announced that they are introducing 101 basis points discount over prime rate on three years variable rate mortgages. That translates to 3% (Prime) minus 1.01% equals to 1.99% interest rate for three years – provided that prime rate does not change. Before 2010, Prime

Read more

Lenders market share

If you are in the market for a mortgage, then where will you shop? Will you go to the top volume lender or to the most competitive lender? If you are doing your research about mortgage lenders business volume then the charts in this post should speakRead more

CMHC tightens its rules for second homes and BFS

Only a few weeks ago CMHC announced that it will be raising its mortgage insurance premium effective from May 1st 2014. What we did not anticipate that it is considering further restrictions. It was only a couple of days ago when we have learnt about its further

Read more

Home buyers mortgage choices – in pictures

The result of a survey conducted by CIBC are presented here in charts. The overall home buyers preference may have nothing to do with individual situations. Each situation is different and should be treated on their own merits.

Read more

Mortgage defaults – remained stable for a while

Actual five years fixed mortgage rates offered by brokers

Apart from Alberta, numbers of mortgage defaults or payment misses have remained steady for last two years. Average Canadian mortgage arrear rate has stabilized close to 0.3%. Actual mortgage rate stayed almost flat during this period. That suggests a close correlation between the two – interest rate

Read more

Mortgage for “work – permit / visa” holders – more choices are available

A Canadian Citizen or a Landed Immigrant (permanent resident) has more mortgage options than someone with work permit. Mortgages are easily accessible to persons with established ties with Canada than the ones who are on a business trip. Understandably the lenders offer fewer mortgage choices to the

Read more

Qualifying rate went down by 0.1 percent

The lenders in a recent rate reduction move – pulled the qualifying rate down by a tiny fraction – 0.1% – from its previous 5.34% to 5.24%. Does it really matter much? In one word no! – for borrowers who do not push the boundary of their

Read more

Bank of Canada – A Briefing on Canadian Residential Mortgage Market

Lensers share of residential mortgage market - Bank of Canada

Housing market and mortgage borrowing have been a thorn on the policymakers seats for a while. No one bar the buyers from buying a home and at the same time nothing stopping them to dig deeper into mortgage debt. From the supervisory perspective this is dangerous. This

Read more

How are the broker lenders doing? CMT explains

Broker lenders market share - Q3 2013

As always CMT published the latest broker lenders market share stats. This chart does not show the mainstream banks or credit unions. It just provides a snapshot of the market share of the lenders who deal with brokers. Only the top tens are shown but there are

Read more

Weekly Dose of Vitamin – M: Banks reporting Week edition

Median Family Income - Canada 2013

All the big Canadian banks have completed their quarterly reporting. Except few, most have shown a shrinking trend. They are still in black by large factors but the investors were nervous as they want the banks to break record on profit every quarters. Mortgage News: Real-Estate News:

Read more
Page 1 of 28123...1020...Last »