Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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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. According [...]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 speak [...]Read more

Home buyers mortgage choices – in pictures

Home Buyers Rate Choices

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.

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Interest rates – are they really going up?

Canadian five years bond yield - 2014- April
In the broader residential mortgage perspective there are two types of interest rates. One is variable interest rate, another is fixed interest rate. Variable rates depend on bank prime rate which is supposedly anchored to Bank of Canada overnight lending rate. The central bank’s target rate is [...]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 […]

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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 […]

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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 […]

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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 […]

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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: […]

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NEXSYS Brokerage Services Discontinued

Since 2008 NEXSYS Financial Inc. has been servicing the Canadian Mortgage Brokerage industry providing underwriting and fulfillment services to mortgage professional across the country.  NEXSYS has decided to discontinue their brokerage channel division in favour of focusing on their lender back office services. Effective immediately, NEXSYS’ Brokerage […]

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Weekly Dose of Vitamin – M: Black Friday 2013 Edition

This weekend the credit card processing data center computers will require extra cooling. The wave of accumulating debt will flow and the overworked systems will heat up. Often I wish people happy shopping – happy holidays – is so much oldish. Paying off $500 in your mortgage […]

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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 […]

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