Super Brokers News

House prices expected to drop in 2017

By: igill

Canadian realtors are forecasting a price drop across Canada for the first time since 2008. They blame the new mortgage regulations brought in by the federal government in the last quarter of 2016.

Longer amortizations…why do they cost more?

By: igill

With new regulations, insured mortgages have a maximum 25 year amortization. Banks often choose to insure low ratio mortgages, and cover the cost themselves. Having insured mortgages allows banks to off load the risk and securitize these mortgages.

Mortgage insurance rule changes…how will they affect you?

By: Tamar Leis

In October and November this year the Government of Canada made changes to mortgage insurance requirements. Mortgage insurance is provided by three companies in Canada. The biggest provider of mortgage insurance is CMHC a crown corporation. This insurance is paid for by the borrower and protects the lender in case of default. It reduces the …

How the recent rate cuts may impact mortgage regulations

By: mkerzner

With the latest Bank of Canada (BoC) rate cut to 0.50% comes a reminder that many would like us to believe our housing market is tenuous. Once again there is a lot of discussion about just how overheated our market is and the dire circumstances many current home buyers are likely to find themselves at …

Minimize the costs of bidding wars

By: The Super Broker

Most Canadians know it’s a better idea to stick to their budgets than get sucked into a bidding war, according to data from the Bank of Montreal.

Mortgage calculators can help homeowners pay off mortgages before the average age

By: The Super Broker

A poll found that the average age a Canadian person will be before paying off their full mortgage is 57, according to St. Lawrence EMC. This is up a few years compared to age 55 a similar poll conducted in 2012 found. Canadians are making positive changes to speed up mortgage payments, but it may …

Mortgage brokers offer different options than banks

By: The Super Broker

When considering financing options for home buying, borrowers have two options: a bank or a mortgage broker. According to the Eastern Morning Herald, Canadians are looking for the best possible mortgage rates. The statistics show that as Canada's housing market continues to recover from the global recession in 2008, mortgage brokers are favored for helping …

Canadians more optimistic regarding household debt

By: The Super Broker

A report from PricewaterhouseCoopers spotlights new trends in Canadian views on debt, as well as the impact of mortgage restrictions on the real estate market.

Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage