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 Although it is bit outdated but it is still packed with very insightful information about the industry.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

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

Read more

Do you really need a pre-approval?

For many home buyers out there, shopping in a tight market is a very stressful and difficult task. To add to that if the buyer does not know the limit of his or her borrowing ability then it is like a blind date. You may end up

Read more

Provincial Regulators are considering stricter regulations for CU’s

Apart from banks there are many financial institutions that can provide a borrower with a mortgage. Credit Unions are non-bank lenders. Credit Unions are provincially regulated. A list of Credit Unions operating in Ontario can be obtained from here. Federal Government has been actively trying to bring

Read more

Best Practices for a Mortgage Insurer – Introduced by OSFI

Almost two years ago, OSFI introduced the idea of Residential Mortgage Underwriting for the lenders. It promised that there will be one for the insurer too. Now it has delivered on that promise. In its new B-21 guideline it has outlined the expectations for prudent residential mortgage

Read more

Mortgage Brokers in Ontario – don’t be tricked by renewal numbers

It is license renewal season for Ontario mortgage brokers and agents. This time of the year is also a busy season for the brokers. A lot of home buyers are searching for mortgage as they prepare to move into the new home coming spring and early summer.

Read more

Regulators are watching Canadian housing and mortgage market

OSFI does not try to forecast about current state of Canadian residential mortgage market nor its future. It observes the market closely and is ready to take corrective action, if necessary to protect the interest of consumers, depositors and the lenders. This was told by Superintendent Julie

Read more

First Time Home Buyers – How they shop for mortgage

Income of the first time home buyer

CMHC has published its First Time Home Buyers Survey. It is full of useful information for the mortgage professionals. That does not mean that a home buyer can not gain form it. It is very useful to understand the mindset of a first time home buyer. Who

Read more

Buying home for the first time? – Mortgage tips for the first time home buyers

Every recurring event has a first time. Buying a home can be one of many or just one time experience for all the home buyers. Home buying is an expensive process. So, naturally, buyers do their best to eliminate mistakes. Here we have tried to list few

Read more

OSFI explains Balance Sheet Exposure on Capital Adequacy Requirements – Good for banks

Canadian banks – at present do not have a fixed capital ratio requirement. What they have is a mixed bag of guidelines imposed by OSFI. Since the last balance sheet meltdown, various BASEL committees were set up and they came up with ideas to regulate financial institutions

Read more

Long Weekend Surprise from CMHC – Limiting the MBS ceiling at $350m for each bank

Somehow all the federal or federally regulated organizations like to let the rabbit loose from their hats before long weekends. CMHC followed the long venerated tradition this time too. On August 1st it sent a note to the lenders stating that it will be rationing its backstop

Read more

First timers are taking it easy

A latest BMO poll shows that the home buying intentions among the First Time home buyers are in decline in short term future. First time buyers are a very important part of the Eco-system. The initial target range for them may not be as big but they

Read more
Page 1 of 4123...Last »