Author Archives for SteveH

BoC Rate Cut Now Fully Priced in for April

The global viral crisis is proving incredibly fluid. Traders have suddenly and drastically altered their expectations of how the Bank of Canada will react to this exploding economic threat. At...

Most People Don’t Know What Amortization Means

It’s a fact; little better than 1 in 4 Canadians have any idea what amortization means, according to a recently-released Ipsos survey. Surprisingly, “…Less than 1% of respondents gave a...

A Closer Look at TD’s Online Mortgage Play

Canada’s banking giants have invested massively in branches and mortgage salesforces. But now mortgages are moving online, and that creates both opportunity and conflict for the Big 6. “Canadians are...

CHIP Max – Canada’s Maximum Reverse Mortgage

Apart from the interest rate, probably the biggest complaint among reverse mortgage borrowers is that they can’t get enough money. That’s now changing thanks to the launch of “CHIP Max”...

How Do Mortgage Brokers Get Paid?

When a prospective homebuyer finds out they don’t need to pay for the services of a mortgage broker, their first thought is often: “What’s the catch?” Like many financial advisers,...