Category: mortgage information

News and commentary on mortgages and real estate related matters.

BMO brings back the 2.99% mortgage

On the Globe and Mail website is a story about the Bank of Montreal (BMO) lowering their 5 year fixed rate to 2.99%. From the article: Bank of Montreal has once again lowered its five-year fixed mortgage rate to 2.99 per cent, from 3.29 per cent, a move that could cause more downward pressure on… Read more »

Housing starts down in August – CMHC

Housing starts dropped from July to August, according to CMHC. From CTV News: he annual pace of housing starts in Canada slowed in August to 192,368 units, down from 199,813 in July, according to the Canada Mortgage and Housing Corp. The pace fell short of the 195,000 units forecast by analysts. “The Bank of Canada… Read more »

Mortgage broker practices score well – MBRCC

The Mortgage Broker Regulators Council of Canada (MBRCC) which is an association made up of mortgage broker regulators across Canada, released a press release on their findings that mortgage brokers are doing a mostly good job in determining the right mortgage products to get for clients. From the release: The report indicates that most mortgage… Read more »