How to Become a Mortgage Professional in Canada
Dec 7, 2024 · Becoming a mortgage professional in Canada is an exciting and rewarding career path. Whether you are looking to help people purchase their first homes or assist with refinancing, there is significant demand for skilled professionals who understand the ins and outs of the mortgage industry.
Shares of Dominion Lending Centres surge as shareholders …
Dec 5, 2024 · The acquisition is expected to close by December 17, 2024, subject to regulatory approvals. This move is part of Dominion Lending Centres’ plan to simplify its capital structure and strengthen its position in Canada’s mortgage industry.
Mortgage Rates & Mortgage Broker News in Canada - Home Page
As we reflect on 2024, it was a year of resilience and adjustment for Canada’s housing and mortgage market, marked by the Bank of Canada’s pivot to rate cuts after two years of relentless hikes, offering long-awaited relief to borrowers.
CAAMP Becomes Mortgage Professionals Canada
Nov 16, 2015 · As of today, the Canadian Association of Accredited Mortgage Professionals will be known as Mortgage Professionals Canada.. The rebranding of Canada’s largest mortgage association is the result of months of work and consultation with key stakeholders, including members, board members, staff and government.
Trump’s win is already driving mortgage rate hikes in Canada
Nov 6, 2024 · Proposed corporate tax cuts and deregulation are likely to enhance profitability for Canadian banks with substantial U.S. operations, such as Bank of Montreal, Scotiabank and TD Bank, positioning them to gain from a friendlier regulatory environment south of the border.
Why three big banks raised fixed mortgage rates despite falling …
Dec 2, 2024 · As regular readers of Canadian Mortgage Trends know, bond yields typically influence fixed mortgage rate pricing. However, that’s not the case right now. Several lenders, including three of the Big 5 banks, have recently raised rates on some of their fixed-rate products.
Pros and cons of the new federal secondary suite programs
Oct 28, 2024 · Earlier this month, the federal government unveiled the Secondary Suite Refinance Program, set to launch January 15, 2025, which will allow homeowners to refinance up to 90% of their property’s value (capped at $2 million) to add up to four rental units—such as basement apartments, in-law suites, or laneway homes.
Experts predict Canadian mortgage rates will rise next week …
Nov 21, 2024 · As we wrote earlier this month, Donald Trump’s recent U.S. presidential victory has triggered a surge in markets, including the bond market, fuelled by his pro-growth policies and tax-cut promises.. Many of Trump’s policies are inflationary, including his promise to remove taxes on tips and overtime, introduce a 60% tariff on Chinese …
Some mortgage borrowers renewing in 2025 to face an average …
Dec 4, 2024 · In total, RBC will see $353 billion worth of mortgages renew from 2025 to 2027, the majority of which are fixed rate borrowers who secured low rates during the pandemic. Borrowers renewing their mortgages in 2025, with an average current rate of 3.60%, are expected to experience the steepest payment shock.
Fixed mortgage rates may not follow Bank of Canada cuts, former …
Nov 11, 2024 · While plenty of consumers believe the Bank of Canada’s steady interest rate cuts will drop mortgage rates meaningfully across the board, economist Don Drummond isn't so sure that prediction applies to fixed rate mortgages.