News and resources for Canada's top financial advisors
Est. 1998
Industry
One in four Canadians say that if interest rates continue to rise, they'd struggle to pay their mortgages
By Staff |February 28, 2018
2 min read
Economic Indicators
Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20% after Canada’s banking regulator imposed a new stress test for homebuyers who don’t need mortgage insurance. Read: Toronto home sales to slip, prices to climb As a result, alternative lenders are seeing an […]
By Staff, with files from The Canadian Press |February 5, 2018
3 min read
Construction of new homes increased 3.3% in November, with the gain largely coming from single-family houses being built at the strongest pace in more than a decade. Read: Snapshot: U.S. economic data The Commerce Department said Tuesday that builders broke ground on homes last month at a seasonally adjusted annual rate of 1.3 million units. […]
By Staff, with files from The Associated Press |December 19, 2017
Homeownership in Canada is at 67.8%, down from 69% in 2011.
By Staff |December 5, 2017
Life
For coverage and cost, clients can probably do better
By Allan Tong |November 9, 2017
Canada’s banking regulator has published the final changes to its guidelines for residential mortgage underwriting, including a financial stress test for buyers who don’t need mortgage insurance. The Office of the Superintendent of Financial Institutions (OSFI) says Tuesday the changes will come into force by January 1, 2018. Read: How to holistically stress test client […]
By Staff, with files from The Canadian Press |October 17, 2017
Stricter regulations aimed at tightening mortgage lending to take some of the risk out of the market will be finalized by the end of the month, the federal financial regulator said Tuesday. Final changes to the Office of the Superintendent of Financial Institutions’ (OSFI) residential mortgage lending guidelines, also known as B-20, will come into […]
By Armina Ligaya, The Canadian Press |October 4, 2017
Today, CMHC's mortgage loan insurance premium increases take effect.
By Staff |March 17, 2017
1 min read
Future homeowners can find a variety of finance tools and calculators online. But are those tools helpful?
By Staff |August 10, 2015
RBC is the first bank to lower its mortgage rate, and is offering a 5-year fixed rate as low as 2.84%.
January 27, 2015
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