Mortgages Canada

How To Shave Years Off Your Mortgage

CP | Craig Wong, The Canadian Press | Posted 06.23.2016 | Canada Business

There are a number of methods to shorten your mortgage, but you'll have to read the fine print.

Canada's Banks May Have To Shoulder More Mortgage Risk

CP | Alexandra Posadzki, The Canadian Press | Posted 03.15.2016 | Canada Business

Some experts worry Canadian banks are too eager to lend mortgages.

Is A Second Mortgage Right For You?

Ron Alphonso | Posted 02.23.2016 | Canada Business
Ron Alphonso

Now that you have a substantial amount of equity in your property from which you may want to borrow some additional funds, maybe you want to (finally) tackle that renovation. Or you have a child headed off to college or university. You may have heard about second mortgages but aren't sure how they work.

Want To Switch Mortgages? It Could Cost You

CP | Craig Wong, The Canadian Press | Posted 02.18.2016 | Canada Business

You are officially advised to read the fine print.

Another Mortgage Rate Hike

CP | Alexandra Posadzki, The Canadian Press | Posted 01.12.2016 | Canada Business

TORONTO — CIBC has become the latest among the big banks to increase some of its mortgage rates. The bank has raised its special offer, three-year ...

Liberals' Mortgage Down Payment Hike Will Hit The Wrong Cities: CIBC

The Huffington Post Canada | Daniel Tencer | Posted 12.11.2015 | Canada Business

Struggling Calgary will be hit harder than overheating Vancouver.

Uh Oh: Mortgage Rates On The Rise In Canada

The Huffington Post Canada | Daniel Tencer | Posted 11.25.2015 | Canada Business

In the long-running debate over whether or not Canada has a housing bubble, there was one thing almost all experts agreed on: Low interest rates are o...

This Torontonian Paid Off His Mortgage In 3 Years. Here's How.

CBC | Posted 11.04.2015 | Canada Business

"Ding dong, the mortgage is dead," a jubilant Sean Cooper announces as he sets fire to his mortgage in front of cheering friends outside a Toronto re...

Proof Canada's Housing Market Will Be In Trouble If Interest Rates Rise

CP | The Canadian Press | Posted 10.06.2015 | Canada Business

OTTAWA — Nearly one in six Canadians would not be able to handle a $500 increase in their monthly mortgage payments, a new survey from the Bank of...

Canadian Banks Defend Mortgage Practices After Broker Fraud Claims

CP | Alexandra Posadzki, The Canadian Press | Posted 08.28.2016 | 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 08.11.2016 | 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 07.30.2016 | 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 07.23.2016 | 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 06.30.2016 | 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 more ...

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 findings...

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, throwi...