Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  April 19, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/04/high-home-prices-a-growing-obstacle-for-first-time-buyers/

Before you take possession of your new home, you need to consider all the additional costs of obtaining your home. These are called closing costs and are estimated to be around 1.5% of the purchase price. These costs include myriads of fees of services of third parties, such as your real estate attorney and your mortgage lender, and other expenses required to finalize a mortgage deal.

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  March 23, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/03/latest-in-mortgage-news-rising-prices-spurs-talk-of-capital-gains-tax-on-home-sales/

Original Article Source Credits:   Canada.ca ,https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2021-01-22

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/choose-mortgage.html

Original Article Source Credits:   Straight , https://www.straight.com/

Article Written By:  Carlito Pablo

Original Article Posted on:  February 17th, 2021 

Link to Original Article:  https://www.straight.com/news/canada-real-estate-mortgage-borrowing-reaches-record-high-of-108-billion-in-2020

Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:  Erica Alini 

Original Article Posted on:  January 30, 2021 

Link to Original Article:  https://globalnews.ca/news/7602336/the-pandemic-housing-craze-is-fuelling-another-boom-reverse-mortgages/

Original Article Source Credits:   Yahoo Finance , https://ca.finance.yahoo.com/

Article Written By:  Erik Hertzberg

Original Article Posted on:  February 19, 2021

Link to Original Article:  https://ca.finance.yahoo.com/news/canadians-pile-mortgage-debt-fastest-182942525.html

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  January 21, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/01/odds-of-a-bank-of-canada-micro-rate-cut-diminish-following-rate-decision/

Original Article Source Credits: The Motley Fool, https://www.fool.ca

Article Written By: Vishesh Raisinghani

Original Article Posted on: January 21, 2021

Link to Original Article: https://www.fool.ca/2021/01/21/the-bank-of-canada-could-trigger-a-housing-market-boom

Original Article Source Credits: canadianmortgagetrends, https://www.canadianmortgagetrends.com

Article Written By: Steve Huebl

Original Article Posted on: January 19, 2021

Link to Original Article: https://www.canadianmortgagetrends.com/2021/01/latest-in-mortgage-news-despite-challenges-majority-of-canadians-plan-to-buy-a-home

The mortgage industry is ever-changing to meet the needs of borrowers and lenders. As a result, professional mortgage brokers like me need to keep updated on the latest mortgage trends so we can serve clients efficiently. Besides staying current, I also try to find fresh sources of creative inspiration while staying connected to other professionals to enhance my service quality.

At 10 am eastern, the Bank of Canada made its first interest rate decision of 2021 and presented its newest base-case projections for inflation and growth in the Canadian economy as part of its quarterly Monetary Policy Report.

Original Article Source Credits: Canadian Mortgage Trends, https://www.canadianmortgagetrends.com/

Article Written By: Steve Huebl

Original Article Posted on: 30th November 2020

Link to Original Article: https://www.canadianmortgagetrends.com/2020/11/q3-lender-earnings-the-unexpected-recovery/

Original Article Source Credits: Canadian Mortgage Trends, https://www.canadianmortgagetrends.com/

Article Written By: Steve Huebl

Original Article Posted on: 11th December 2020

Link to Original Article: https://www.canadianmortgagetrends.com/2020/12/how-canadas-mortgage-lenders-adapted-to-the-new-normal/

Original Article Source Credits: Better Dwelling, https://betterdwelling.com/

Article Written By: NA

Original Article Posted on: 15th December 2020

Link to Original Article: https://betterdwelling.com/canadas-non-bank-lenders-see-arrears-rate-rise-11-despite-deferral-programs/

Original Article Source Credits:   Huffington Post , https://www.huffingtonpost.ca/

Article Written By:  Ratehub.ca

Original Article Posted on:  NA

Link to Original Article:  https://www.huffingtonpost.ca/entry/mortgage-down-payments_ca_5fa5a363c5b623bfac4f35f2

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  October 23, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/10/latest-in-mortgage-news-dominion-lending-centre-unveils-new-deals/

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  NA

Original Article Posted on:  NOVEMBER 10, 2020

Link to Original Article:  https://betterdwelling.com/unemployment-improves-in-canadas-largest-real-estate-markets-but-is-still-very-high/

Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:  Julie Gordon and David Ljunggren 

Original Article Posted on:  October 28, 2020

Link to Original Article:  https://globalnews.ca/news/7426675/bank-of-canada-economic-outlook-coronavirus/

When applying for a mortgage, borrowers are often put through a grueling process to prove their creditworthiness. Depending on their financial situations and the type of mortgages they need, lenders impose certain restrictions and guidelines which the borrower must abide by. However, with the widespread impacts of COVID-19 and the downturn of the economy, lending restrictions have gotten even stricter.