Archive for the ‘Mortgage Broker Toronto’ Category

Fourth Quarter Earnings

Share The fourth quarter earnings season brought good tidings to certain banks, including TD and RBC who saw profits double. In the Big 6 banks’ lending segments, however, many continued to report declining loan margins as Canada’s low rate environment persists. Below are various mortgage tidbits that we pulled from the major banks’ Q4 reports: [...]

What is a High Ratio Mortgage?

Share High ratio mortgages are available for traditional residential homes, investment properties, and multi-unit residential complexes such as apartment buildings. On residential homes, a high ratio mortgage is one that exceeds 80% of the associated real estate security for qualified income applicants. For those self-employed borrowers seeking financing on low-doc programs, a high ratio mortgage [...]

Spam Bill C-28

Share Canada recently enacted a new anti-spam law called Bill C-28. It’s expected to come into force later this year. Proponents say C-28 will lighten the spam load on all of us. At the same time, it could turn many businesspeople into spammers themselves! As a mortgage broker in Toronto, for example, it’s not uncommon to [...]