Canada Mortgage and Housing Corp. is making it easier to get federal mortgage insurance, reversing tougher rules that were imposed a year ago.
Read the full article: https://www.theglobeandmail.com/business/article-federal-mortgage-insurer-reverses-pandemic-lending-changes-in-face-of/
“Ontario’s Minister of Education, Stephen Lecce, has announced that Ontario’s Grade 9 math curriculum will be modernized this fall to better equip students for the future with courses on financial literacy, coding, data, and more.”
We are so pleased to see Ontario including mortgage literacy in the new Grade 9 curriculum!
https://www.narcity.com/toronto/ontarios-new-grade-9-math-program-teaches-students-how-to-save
Millennial and Gen Z mortgage brokers are “embracing new tools and they’re changing the fundamental way people want to work.” Read more about how they are using new ways to make alt lending the norm.
“If you’ve found yourself enticed by a better mortgage rate or another lender offering something more competitive, there’s something you should ask yourself. Does it make sense to break my current mortgage and lock it in at a lower rate?”
Many clients are looking at the option of breaking their current mortgage to save long term.
Read Pattie Lovett-Reid’s full article for the details:
The Financial Post has 6 steps to help you secure the lowest rate possible. Skip Step 3 and talk to us! Mortgage Brokers do all the shopping around for you to make sure you get the lowest rate available.
Read the whole article here:
Many Canadians are feeling the need for more space, especially with the pandemic. With mortgage rates at an all-time low in Canada, now is an excellent time to consider your first mortgage or re-financing your existing mortgage.
Read more from the REMI Network:
https://www.reminetwork.com/articles/buy-homes-second-wave/
Mortgage debt increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, StatsCan says.
Read more from the Financial Post
The Bank of Canada opted to keep its benchmark interest rate steady at 0.25 per cent on Wednesday, noting that Canada’s economic recovery from COVID-19 is proceeding in line with expectations.
Read more from the CBC.
https://www.cbc.ca/news/business/bank-of-canada-benchmark-interest-rate-1.5834049
Mortgages are big commitments, with most lasting more than 20 years! Luckily, the mortgage you start off with doesn’t have to be the same mortgage you finish with. Refinancing is a tool you can use to reshape your mortgage to better suit your needs.
“Home has been our workplace, our kids’ schools, the gym, the park and more. Personal space is more important than ever,” said Shaun Cathcart, senior economist at CREA. Read more: