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Significant changes are happening in Ontario’s private lending landscape. Lenders are implementing stricter policies on the types of properties they lend on and the loan-to-value ratios they use to approve loans. Past financial losses and future economic uncertainties are the... View Article
The COVID-19 pandemic has utterly affected many aspects of society around the world, and one aspect that is not immune is the Canadian mortgage industry. As people and markets navigate the world following a pandemic, it becomes obvious that the... View Article
As digital mortgage services reshape borrowing and lending in Canada, understanding their impact is crucial. This article explores how digital mortgages streamline processes, innovate technology, and present new challenges and opportunities in the mortgage market. Learn more.
Technology is revolutionizing the mortgage application process, enhancing speed, security, and efficiency for applicants and lenders alike. Learn more.
The Kitchener-Waterloo real estate market is trending toward balance in 2024, driven by factors such as new arrivals and a growing tech hub. Buyers and sellers should be aware of demographic changes, market stabilization, and interest rate impacts to make informed decisions and develop effective investment strategies. Learn more.
Adjustable-rate mortgages (ARMs) are becoming more popular as they offer interest rates that can vary over time, unlike fixed-rate mortgages which have a constant rate throughout the term. While ARMs can benefit borrowers when interest rates fall, they also pose the risk of increased payments if rates rise, making it crucial to understand how these fluctuations impact both interest and principal payments. Learn more.
The rise of non-bank mortgage lending is driven by factors like high-risk loan opportunities for borrowers with poor credit scores and the flexibility in qualification criteria offered by non-traditional lenders. These lenders cater to diverse borrower needs, providing tailored solutions outside the conventional banking system. Learn more.
