HELOCs Archives - Mortgage Rates & Mortgage Broker News in Canada

Mortgage Digest: HELOC usage rises to near two-year high as borrowing picks up

December 17, 2024 No Comments

A regular review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Breaking a mortgage for better rates can pay off – but beware of the costs

October 4, 2024 No Comments

Interest rates are dropping, but many Canadians are still feeling the hangover of the highest lending costs in a generation.

Mortgage delinquencies on the rise, says Equifax Canada

Early-stage delinquencies for all credit products are on the rise: Equifax

September 14, 2023 1 Comment

Early-stage delinquencies on both mortgage and non-mortgage debt continued to rise in the second quarter, a sign that high interest rates are increasingly weighing on Canadian borrowers.

Non-Bank Lender CMLS Launches a HELOC

December 14, 2021 No Comments

For those with 20%+ equity, HELOCs are just about the most popular product in the prime mortgage market. Over 2 million Canadians have one.

Mortgage Brokers Get TD’s HELOC, At Last

October 6, 2021 No Comments

After well over a decade in the market, TD is finally bringing its popular marquee product to brokers: the TD Home Equity FlexLine HELOC. Mortgage

Latest in Mortgage News: Fixed Mortgage Rates Could Fall Over Coronavirus Fears

January 28, 2020 1 Comment

As fear grows over the deadly Wuhan coronavirus that has killed more than 100 people, it is now becoming the world’s⁠—and Canada’s⁠—latest economic headwind. That

business leaving residential mortgage space

The Latest in Mortgage News: iA Exits the Residential Mortgage Market

September 18, 2019 No Comments

After nearly 50 years of providing residential mortgages to Canadians, Industrial Alliance Financial Group announced its exit from the space this month. “This is a

New Rule Targets HELOC Holders Seeking a Second Mortgage

November 8, 2018 5 Comments

The word is out on a little-known policy used to qualify anyone with a HELOC who is applying for additional financing. Several of the Big

The Latest in Mortgage News – After the Stress Test

February 20, 2018 No Comments

The fallout from OSFI’s new mortgage stress test continues to play out across the mortgage industry. Some mortgage brokers are reporting an increase in their

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