CIBC poll finds most Canadians value personal advice over a search engine

Despite technology making it easier than ever to access information, a recent CIBC poll shows that when it comes to major life events, such as getting married, buying a home, or finding a job, many respondents (63 per cent) prefer to ask their friends and family for advice. This is most prevalent amongst younger Canadians,…

Desjardins acquires mortgage portfolio from La Capitale

Desjardins Group announced today that it is acquiring the mortgage portfolio of La Capitale. The transaction, which will see 6,376 mortgages transferred to Desjardins, will close on February 1st. 2020. “I’m proud of this acquisition, which solidifies Desjardins’s position as a leader in the residential mortgage market,” said Guy Cormier, President and CEO of Desjardins Group….

Two Thirds of Mortgage Shoppers Would Sacrifice Traditional Mortgage Advice for a Lower Rate

While 72 percent of Canadian mortgage shoppers get mortgage advice in person, a majority would opt for a fully online mortgage to save money, according to a new survey by Rates.ca. Almost one in five mortgage shoppers say they’d be “happy to get a mortgage without talking to people on the phone or in person.”…

Making Housing More Affordable for Residents of London

Thanks to investments made by the Government of Canada and the City of London, residents of London will soon have access to more safe and affordable places to call home. Today, The Honourable Ahmed Hussen, Minister of Families, Children and Social Development and the Minister responsible for Canada Mortgage and Housing Corporation (CMHC) announced that the federal government is investing just…

Canadians Have Growing Concerns Over Mortgage Qualification

For many Canadians, buying a home can be a challenging and stressful experience. According to a recent survey from Zillow and Ipsos, 92% of Canadians see at least one barrier to homeownership, and two of the top concerns are related to the mortgage process. Canadians report feeling pressured by stricter mortgage regulations that went into…

Canadians can expect a vibrant spring real estate market and home prices rising

Royal LePage recommends a regional approach to mortgage stress test if the federal government goes ahead with changes in 2020 Home prices increase 2.2 percent in Q4 as buyers continue to move off the sidelines Greater Toronto Area home prices heat up as demand outstrips supply Greater Montreal Area sees the strongest appreciation rate in almost…