Mortgage Rates & Mortgage Broker News in Canada - Home Page
RBC warns of rising mortgage losses through 2025 with upcoming renewals. BoC rate cuts will ease pressure, but mortgage renewal shocks still loom, RBC says. Scotiabank hits “inflection point” with successful multi-product mortgage strategy. BMO reports rising mortgage delinquencies and loan loss provisions in Q3.
2024 housing market and interest rate forecasts
Dec 27, 2023 · 2024 aggregate house price forecast by Q4: $843,684 (+5% year-over-year) Commentary: “We see 2024 as an important tipping point for the national economy as the majority of Canadians acknowledge that the ultra-low interest rate era is dead and gone,” said Phil Soper, President and CEO, Royal LePage.
2019 – Year in Review - Mortgage Rates & Mortgage Broker News …
Dec 31, 2019 · Qualified borrowers shopping for an insured 5-year fixed rate in September could find rates as low as 2.39% vs. 3.24% in January. That’s a savings of $43.14 per month per $100,000 of mortgage, or more than $4,000 over the five-year term. Economists at National Bank said the “free-fall in financing costs” seen this year was the most ...
MCAP to Acquire Paradigm Quest and Merix
Jul 14, 2021 · Canada is about to have a new #1 non-bank lender. MCAP announced today that it’s buying Paradigm Quest (PQ), giving it PQ’s in-house brands, Merix Financial and Lendwise — and reportedly, origination contracts with dozens of other private label brands. The move makes MCAP a juggernaut in the mortgage broker industry.
The Broker Channel Gets Another Prime Lender: Strive Capital
Sep 20, 2021 · Strive’s founders all came from Street Capital, including: Marty Frenette: Co-Founder, President & CEO (former mortgage trader at Bank of America and Treasurer at Street Capital Bank).
Meet Bloom, Canada’s Newest Reverse Mortgage Provider
Sep 22, 2021 · “Canadians over 55 have more than $1 trillion of wealth built up in their homes, but many are retiring without enough savings to maintain their standard of living throughout their full retirement,” said Bloom founder Ben McCabe.
2022 Housing and Interest Rate Forecasts - Mortgage Rates
Dec 29, 2021 · 1.35%. 1.90%. Meanwhile, the bond market is maintaining its forecast for more aggressive rate tightening by the Bank of Canada. As of Tuesday, it is still fully priced in for five quarter-point rate hikes by the end of 2022, which would bring the overnight target rate to 1.50%. canadian housing forecasts housing forecast interest rates rate ...
Qualifying Rate - Mortgage Rates & Mortgage Broker News in …
Apr 30, 2018 · The same holds true if you get a variable rate or a fixed term under five years at most mainstream lenders. For example, suppose you apply for a 2.25% five-year variable mortgage. Lenders generally make you qualify at their posted 5-year rate (5.14% for example). “Qualify” means that you must prove you can afford a payment at that higher rate.
What You Should Know About Collateral Charge Mortgages
Aug 6, 2019 · Ross Taylor is dedicated to empowering Canadians with financial literacy and expertise in housing, credit, and real estate. With over 20 years of experience as a mortgage broker, Ross has helped thousands of Canadians navigate the complexities of home financing and credit management.
Sagen Overtakes CMHC as Canada’s Largest Mortgage Default …
May 7, 2021 · Not only did both Sagen and Canada Guaranty pick up business from high-debt-ratio clients, but many lenders were grateful that they continued to accept the deals that CMHC would no longer take, and as a result decided to reward the private insurers with more of their standard business to keep their portfolios balanced.