Mortgage Rates & Mortgage Broker News in Canada - Home Page
Nov 19, 2024 · Keep up with Canadian Mortgage Trends by following us on our social media channels such as Facebook, X and LinkedIn.
Fixed mortgage rates are falling. Experts explain why and weigh in …
Jun 9, 2024 · Mortgage broker and rate analyst Ryan Sims told CMT the rate drops are due to last week’s Bank of Canada rate cut, as well as the rise in bank mortgage default rates and weakening economic data, including slower-than-expected GDP growth and easing inflation. “Also, let’s keep in mind that 5-year fixed rates—even after this recent slide—are still about 20 bps higher than where we were ...
How to Become a Mortgage Professional in Canada
Dec 16, 2021 · How to Become a Mortgage Professional in Canada. 1. Become Educated. Complete the entry-level educational requirements in your province. Provinces use different terminology to refer to mortgage brokering professionals, such as: agent, associate, salesperson, submortgage broker.
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.
MCAP to Acquire Paradigm Quest and Merix
Jul 14, 2021 · 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 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).
2022 Housing and Interest Rate Forecasts - Mortgage Rates
Dec 29, 2021 · Projected figures for 2021 suggest home sales will end the year 21% higher than 2020 (to a total of 668,000 transactions), while home prices will end the year up 21.2% to an annual average of $687,500, according to the Canadian Real Estate Association.
2020 – Year in Review - Mortgage Rates & Mortgage Broker News …
Jan 5, 2021 · As of November, the Canadian Real Estate Association reported an average sale price of $603,000 (up 13.8% from 2020), or $481,000 (+19%) after removing the high-priced markets of Toronto and Vancouver.
Fixed mortgage rates are falling again. Here’s why
Aug 1, 2024 · “Remember, bad economic news translates into lower interest rates,” he noted. Implications for mortgage selection. The steady easing of fixed mortgage rates is a welcome relief for the countless Canadian borrowers—some 2.2 million, representing nearly half of all Canadian mortgages—who will see their mortgages come up for renewal over the next two years.
2024 housing market and interest rate forecasts
Dec 27, 2023 · Real Estate Market The Canadian Real Estate Association (CREA) 2024 home sales forecast: 490,257 (+9% year-over-year) “National home sales are forecast to rebound…as interest rates get closer to, and eventually start, trending down and housing markets make a turn back towards their long-term trends.