Super Brokers News

Home loans soon to be under stricter regulation

By: The Super Broker

The Canadian Mortgage and Housing Corporation (CMHC) recently issued new guidelines for the use of debt ratios and confirmation of income documents in their mortgage calculators. Set to take effect on December 31, 2013, many lenders are already adhering to the stipulations, while others, like Genworth Canada, are in the process of reviewing them, and may …

Mortgage rates effect spring home sales

By: The Super Broker

In May, sales of existing homes in Canada rose 3.6 percent, marking the biggest monthly gain in two-and-a-half years. But with Canadian mortgage rates likely to rise, and some doomsayers predicting a housing bubble, the question is whether that growth is sustainable. Rising interest rates pushing people to buy now? Many buyers, realtors and investors are trying …

Canadian mortgage rates continue to climb after Bernanke's latest edict

By: The Super Broker

With Canadian and American mortgage rates being closely linked, there is little surprise to be seen on the faces of Royal Bank of Canada and Scotiabank officials as the remarks of U.S. Federal Reserve Chairman Ben Bernanke spurred rates for a five-year closed mortgage to a level of 4.26 percent as detailed in the Epoch …

Canada's housing market to slowly rise by the end of 2013 and into 2014

By: The Super Broker

The Canada Mortgage and Housing Corporation (CMHC) said that the housing market will pick up momentum in the later part of this year and into 2014. David George-Cosh said in a blog for The Wall Street Journal that if this prediction sounds familiar, it's because it's similar to the outlook of an agency report in February, but …

Five-year fixed-mortgage rates on the rise

By: The Super Broker

Rates for five-year fixed-mortgages are climbing, effectively ending the trend of 3 percent five-year fixed-mortgage rates. According to Move Smartly, last week five-year fixed-mortgage rates rose and then rose again. The increase is a lender reaction to the Government of Canada's (GoC) bond market. The GoC's five-year bond yields have, in the past seven weeks, …

Data sheds light on big banks and mortgage market

By: The Super Broker

While much has been made of forecasts and feelings regarding Canada’s mortgage market in the last few months, nothing compares to cold, hard facts.

Banks see rate increases, mortgage brokers still offer deals

By: The Super Broker

News of Canadian banks increasing their mortgage rates has some mortgage brokers on edge, according to an article from Mortgage Broker News.

Mortgage rates rise along with housing starts

By: The Super Broker

Rays of sunlight are peeking through the clouds that have been hanging over the Canadian real estate market as of late.

Low mortgage rates can offset high prices

By: The Super Broker

While rising home prices are good news for sellers and buyers seeking a sound investment, they can also make it that much harder for some Canadians to enter into homeownership.

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