Mortgages Canada

Canadian Banks Defend Mortgage Practices After Broker Fraud Claims

CP | Alexandra Posadzki, The Canadian Press | Posted 08.28.2015 | Canada Business

TORONTO — Some of Canada's biggest banks are defending their verification practices for mortgage applications in light of recent news that mortgage ...

Mortgage Brokers Call For Tougher Rules After Fake Data Scandal

CP | Alexandra Posadzki, The Canadian Press | Posted 08.11.2015 | Canada Business

TORONTO — Mortgage brokers are advocating for tighter industry rules in the wake of allegations that dozens of brokers working with Home Capital Gro...

Mortgage Lender Home Capital Ditches 45 Brokers Over Falsified Info

CP | Alexandra Posadzki, The Canadian Press | Posted 07.30.2015 | Canada Business

TORONTO — Mortgage lender Home Capital Group Inc. says it has suspended its relationships with 45 mortgage brokers over allegations that they falsif...

Self-Employed People Face Tougher Mortgage Rules

CP | Alexandra Posadzki, The Canadian Press | Posted 07.23.2015 | Canada Business

TORONTO - Cameron Klem, a business owner in the construction industry, is looking to sell his home in Edmonton and buy a new one closer to the school ...

Ottawa Eyes Tougher Mortgage Rules

Financial Post | Posted 07.16.2015 | Canada Business

The federal government may be ready to take direct aim at Canada’s red-hot housing market, and is actively consulting on a move to increase the mini...

LOOK: How Did 280,000 Canadians Afford A First Home Last Year?

The Huffington Post Canada | Daniel Tencer | Posted 07.14.2015 | Canada Business

With house prices soaring, at least in Toronto and Vancouver, you'd expect first-time home buyers to be having an ever-harder time breaking into the h...

Want A Mortgage For A Former Grow-Op? Forget The Banks

CP | Alexandra Posadzki, The Canadian Press | Posted 06.30.2015 | Canada Business

TORONTO - At first glance, the mid-century, three-level Winnipeg home was everything that Sarah Fehr and her fiancee had been looking for.It was locat...

Mortgage Insurance Hikes Could Hurt First-Time Home Buyers

CP | Alexandra Posadzki, The Canadian Press | Posted 06.07.2015 | Canada Business

TORONTO - Realtors and economists say higher mortgage insurance premiums introduced recently by Genworth Canada and CMHC could cause first-time homebu...

BMO Sends Rock-Bottom Mortgage Rate Even Lower

CP | The Canadian Press | Posted 03.17.2015 | Canada Business

TORONTO -- The Bank of Montreal is lowering one of its mortgage rates by about 6.7 per cent, effective immediately. The change affects a five-year ...

IMF Estimates How Much Canadian Housing Is Overvalued

The Huffington Post Canada | Daniel Tencer | Posted 02.02.2015 | Canada Business

Mortgage markets growing riskier Toronto in for a ‘cooling’ this year Canada’s housing markets will cool this year, leading to a mor...

Get Ready For Lower Mortgage Rates After Surprise BoC Move

CP | Alexandra Posadzki, The Canadian Press | Posted 03.23.2015 | Canada Business

TORONTO - Economists say Canadian borrowers can expect as mortgage rates to dip slightly in response to the Bank of Canada's surprise move to cut its ...

Who's Covering Canada's Soaring House Prices? Parents, That's Who

CBC | Posted 01.19.2015 | Canada Business

The bank of Mom and Dad is playing a larger role in helping Canada's first-time homebuyers put together a down payment. That’s one of the fin...

Good News On Canadian Mortgages

CP | The Canadian Press | Posted 12.15.2014 | Canada Business

TORONTO - A new report suggests that Canadian homeowners are paying down their mortgages faster than they're being given credit for.CIBC deputy chief ...

TD CEO: We Need Tighter Mortgage Lending Rules

CP | Posted 09.16.2014 | Canada Business

TORONTO - TD Bank chief executive Ed Clark says the federal government needs to do more to ensure Canadians aren't taking on more debt than they can h...

The Surprising Province That Has Canada's Most Indebted People

The Huffington Post Canada | Daniel Tencer | Posted 08.05.2014 | Canada Business

Canadians increased their debt burdens by about six per cent over the past year, according to a new survey from BMO, but when it comes to owing money,...

Look How Much Faster You Can Pay Off That Mortgage With $100 Extra

CBC | Posted 09.27.2014 | Canada Business

Paying down your mortgage faster. It's one of those boilerplate suggestions that financial advisers love to make to their clients.  After all, t...

Here Is When Canadians Expect To Be Mortgage-Free

CP | The Canadian Press | Posted 09.20.2014 | Canada Business

TORONTO - A new survey says Canadians, on average, expect to be mortgage-free by age 58, one year later than in a similar poll a year ago.But the surv...

Tighter Lending Rules Are Making Mortgages Harder To Land

CP | Posted 07.13.2014 | Canada Business

TORONTO — If you are self-employed, live in a rural area or don't have the best credit, you may find it increasingly difficult to get a mortgage. ...

Sunny Freeman

Majority Of Canada's Mortgage Lenders Worried About A Bubble: Report

HuffingtonPost.com | Sunny Freeman | Posted 07.08.2014 | Canada Business

Seven in ten Canadian mortgage lenders are concerned the country’s real estate sector is headed toward an unsustainable bubble that could burst at a...

Huge Portion Of Canadians Say Mortgages Aren't Debt

The Huffington Post Canada | Daniel Tencer | Posted 07.02.2014 | Canada Business

Nearly half of Canadians don’t see their mortgage as being debt, according to a survey from Manulife. The survey of more than 2,300 Canadians fou...

Scotiabank Slaps $7,000 Mortgage Fee On Injured Afghan War Vet

CBC | Posted 08.24.2014 | Canada Business

A decorated soldier who fought in Afghanistan is going public about how Scotiabank slapped him with a $7,000 fee for breaking his mortgage, because he...

Bank Regulator Unveils Tougher Mortgage Rules

The Huffington Post Canada | Posted 04.14.2014 | Canada Business

Canada’s banking regulator is tightening the rules on mortgage insurance, part of an international effort to prevent irresponsible lending and the p...

Will New Mortgage Rules Chill Market?

The Globe and Mail | Posted 04.11.2014 | Canada Business

Canada’s financial regulator is close to releasing a new set of standards for Canada’s mortgage insurers, one that the real-estate industry has wo...

Look How Much Mortgage Debt Has Exploded In Canada

The Huffington Post Canada | Posted 09.09.2013 | Canada Business

CORRECTION: An earlier version of this story reported that mortgage debt has doubled in Canada in the past four years. While it is true that mortgage ...

Mortgage Rules Toughened Again

CP | Julian Beltrame, The Canadian Press | Posted 10.06.2013 | Canada Business

OTTAWA - Canadians may soon be paying more for new home loans as Canada Mortgage and Housing Corp. begins to clamp down on guarantees for mortgage-bac...