Mortgages Canada

Good News On Canadian Mortgages

CP | The Canadian Press | Posted 10.15.2014 | 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...

How Many Canadians Have Been Pushed Out Of The Housing Market?

CP | Alexandra Posadzki, The Canadian Press | Posted 09.07.2013 | Canada Business

TORONTO - Ottawa's move to tighten Canada's mortgage rules a year ago helped cool down the country's real estate market by forcing some first-time hom...

Canadians Beginning To Understand Just How Big Their Mortgages Are: Poll

CP | The Canadian Press | Posted 06.06.2013 | Canada Business

TORONTO - The average Canadian homeowner doesn't think they'll be mortgage-free until they're 57 — two years longer than what they expected last yea...

New Mortgages Plunge: CMHC

The Huffington Post Canada | Posted 11.29.2012 | Canada Business

The number of new mortgages insured by the Canada Mortgage and Housing Corp. dropped by more than a third in the three months ending in September, ano...

Flaherty: New Mortgage Rules Will Slow Economy, But It's Worth it

CP | Julian Beltrame, The Canadian Press | Posted 08.29.2012 | Canada Business

OTTAWA - New mortgage rules to discourage homebuyers from borrowing too much could further dampen a fragile economy, but it's a risk worth taking, Fin...

Canadians Can Take 40 Per Cent Collapse In House Prices: Agency

CP | Craig Wong, The Canadian Press | Posted 07.24.2012 | Canada Business

OTTAWA - Credit rating agency DBRS said Thursday that average Canadian households can withstand a catastrophic drop in home prices, but warned that a ...

Flaherty Slams Bankers For Wanting Stricter Mortgage Rules

CBC | Posted 05.22.2012 | Canada Business

Finance Minister Jim Flaherty fired back Thursday at those in Canada's banking industry who have called on Ottawa to tighten lending regu...

CMHC's Lending Limit Could Mean Cooling For Canada's Housing Market

CP | Craig Wong, The Canadian Press | Posted 04.02.2012 | Canada Business

OTTAWA - A federal limit on the amount of loans Canada Mortgage and Housing Corp. is allowed to insure could lead to stricter lending conditions and a...

Rachel Mendleson

How The Debt Crisis Makes This A Good Time To Get A Mortgage

HuffingtonPost.com | Rachel Mendleson | Posted 10.08.2011 | Canada Business

If the mortgage meltdown that nearly laid waste to the global economy a few years ago taught us anything, it's that you should never base your decisio...