Mortgage Information

Mortgage Articles

The Mortgage Centre provides information about mortgages in Kamloops and all areas of BC.

We keep articles that we think our clients will learn or benefit from. Here is the list of our most current and hopefully relevant topics:

Reference Articles

Home Buying Step by Step
CMHC’s Homebuying Step by Step guide is here to make things easier for you by providing the information you need to make a wise homebuying decision. This section provides examples and worksheets that will guide you through the entire homebuying process, from the moment you make the decision to buy your own home to the moment the movers carry the first box through the front door. It couldn’t be easier!
The Mortgage Centre — About Us
A short bio of The Mortgage Centre Franchise in Kamloops — in business since 1991
The Mortgage Centre — Closing Costs
A breakdown of the estimated costs to purchase or refinance a home in British Columbia
Mortgage Protection Plan
When you take on mortgage debt or any other debt for that matter, it’s appropriate to review the protections that you have from death and illness or injury in the family. Mortgage Protection Plan can help.
The Mortgage Centre — FAQs
Frequently Asked Questions about services available at The Mortgage Centre in Kamloops
Home Warranty Insurance
An up to date listing of Home Warranty Insurance companies in BC

Economic Reports

Market Update
CIBC World Markets Weekly Update — updated 08 Mar 2010
History of Fixed 5 Year Mortgage Rates
A 25 year history of 5 Year fixed rate Mortgages in Canada from 1985 to 2009. Rates are still near historical lows.
Fixed vs Variable Rate Comparison
A Graphical history of Fixed Rate mortgages vs Variable Rate Mortgages for the last 25 years
Bank of Canada Home Page
Scads of economic information and history compiled by the Bank of Canada. Here’s our link to their site.

Other Information Links

Some of these links to other sites may be temporary. Please notify us if any of our links are no longer in effect.

The Mortgage Centre’s Code of Ethics
Canadian Association of Accredited Mortgage Professionals
As Members of CAAMP, The Mortgage Centre’s staff adhere to a Code of Ethics.
About Mortgage Brokers
Mortgage Brokers Association of BC

Canadian Mortgage News From The Net


Globe and Mail

Home sales slow in February
Globe and Mail
The Bank of Canada is also expected to begin bumping interest rates higher in the second half of the year, which would also make mortgages more expensive. ...

and more »

Globe and Mail

Don't just fall into a debt hole
Globe and Mail
"All those people who got into homes and are barely making ends meet with a mortgage rate that is a gift will be severely squeezed when they need to renew ...

and more »

Canada's Household Net Worth Rises 1.6% as Stocks, Homes Gain
BusinessWeek
... percent in the quarter from 145 percent in the previous three months, due to increased debts such as mortgages and car loans, Statistics Canada said. ...

and more »

The Flaherty effect
National Post
... keep Canada's housing industry motoring along — only not at top speed. Many of us have been enjoying supremely attractive interest rates on mortgages. ...
Finance Minister Flaherty calls modest jobs growth in Canada ?encouraging?The Canadian Press

all 50 news articles »

Financial Post

More Canadians plan to buy homes: poll
Montreal Gazette
... reached $337410 in December 2009 - up 19 per cent from a year earlier - and sales were up 72 per cent, according to Canada Mortgage and Housing Corp. ...
Young aged 18 to 24 twice as likely to buy homesNational Post (blog)
Banks May Sell More Covered Bonds on Rule Change: Canada CreditBusinessWeek
Canadians eye interest rates, propertyyourhome.ca
Hamilton Spectator -Daily Commercial News
all 233 news articles »

Canada tightens mortgage lending rules
The Associated Press
There has been no crippling mortgage meltdown or banking crisis in Canada, where there is greater oversight of mortgages, but Canada's central bank has ...
GETTING PERSONAL CANADA: Putting A Mortgage To The TestWall Street Journal
Tougher Mortgage Rules in CanadaSuite101.com
Reaction to mortgage rules: Keep calm, carry onGlobe and Mail (blog)
Reuters -BusinessWeek -Toronto Star
all 683 news articles »

CBC.ca

New Rules For Borrowers
Calgary Herald
Federal Finance Minister Jim Flaherty recently announced restrictions for any borrower who wants a mortgage backed by the Canada Mortgage and Housing Corp. ...
New mortgage rules pile onto HSTAdvisor.ca
Canadians managingmortgage debt wellLondon Free Press
Budgets in a dangerous timeGlobe and Mail
BusinessWeek -Global
all 1,210 news articles »

Globe and Mail

Canada's profitable banks set sights on growth
Globe and Mail
A number of bankers now expect that higher interest rates and new mortgage approval rules will put a damper on the demand for mortgages in the second half ...
Mortgage lending growth drives Canadian banks' earningsFinancial Times
Mortgages fuel Scotiabank earningsMontreal Gazette
Scotiabank profit blows past estimatesToronto Star
CBC.ca -Vancouver Sun -CTV.ca
all 268 news articles »

Commercial Mortgage Debt Rallies as TALF Ending: Credit Markets
BusinessWeek
Two corporate-debt issuers, one in Canada and the other in Argentina, defaulted last week, raising the global total to 19 for the year, according to S&P. ...

and more »

Pricey real estate points to faster rise in Canadian rates
National Post (blog)
Canadian banks appear to be taking refuge in the notion that low interest rates will allow Canadians to carry bigger and bigger mortgages. ...
Bank of Canada makes its markCalgary Herald

all 11 news articles »

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