Press Room

June 28, 2024

How can brokers help first-time buyers overcome the mounting affordability crisis?

Skyrocketing home prices and steep mortgage qualification hurdles have seen a growing number of first-time homebuyers rely on gifted payments from parents or other relatives to fund a purchase...  Read Full Article

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June 6, 2024

How are mortgage borrowers faring ahead of the coming renewal wave?

It’s no secret that Canada’s mortgage market is bracing for a wave of renewals in the next two years, with the country’s top bank regulator recently flagging the risks posed to the financial system by that coming trend.  Read Full Article

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April 2, 2024

Swivel Mortgage Group named Top Mortgage Employer in 2024

Canadian Mortgage Professional unveils the Top Mortgage Employers of 2024, an elite group of progressive companies that distinguish themselves by excelling in areas paramount to employees’ success...  Read Full Article

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March 25, 2024

How long should you be at your job before applying for a mortgage?

Starting a new job is an exciting time for professional growth. But if you’re also planning on applying for a mortgage around the same time, your new job status could affect your application.  Read Full Article

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September 5, 2023

Mortgage Veterans Combine to Launch New Brokerage

Canada’s mortgage brokering space has a new entrant with the launch of Swivel Mortgage, an Ontario-based brokerage helmed by industry stalwarts Sung Lee (pictured) and Nigel Singh.  Read Full Article

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September 4, 2023

Introducing Swivel Mortgage Group: Revolutionizing the Mortgage Experience with a Seamless Digital Approach

Swivel Mortgage Group Inc., a pioneering digital mortgage brokerage, has officially launched in Ontario, heralding a new era of simplicity and accessibility in the mortgage industry.  Read Full Article

July 15, 2022

HELOC holders could find budgets pinched by rising interest rates

Canadians use home equity lines of credit to help fund renovations and to consolidate debt, says a report by RATESDOTCA.  Read Full Article

July 13, 2022

How the Bank of Canada’s rate hike will impact mortgages, loans and spending

The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years.

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June 21, 2022

Here's How To Save On Your Mortgage In Canada If You've Been Impacted By Interest Rate Hikes

Homeowners in Canada are likely to be feeling the squeeze lately.  While the price of a home in Canada is expected to correct soon, recent interest rate hikes...Read Full Article

June 17, 2022

Edmonton's townhome, condo sales rise as borrowing costs increase

Increasing home prices along with more expensive mortgage rates mean some home buyers are turning to more affordable options.

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June 9, 2022

What do supersized rate hikes mean for mortgage and HELOC holders?

As the Bank of Canada embarks on what could prove to be a whatever-it-takes campaign to tamp down surging prices, Canadians homeowners who took part in the pandemic debt binge of the past two years could be facing a reckoning. Read Full Article

June 2, 2022

What You Should Know About Rising Interest Rates in Canada

For the first time since 2018, the Bank of Canada (BoC) increased its target for the mortgage-influencing overnight rate earlier this year, kick-starting what’s predicted to be one of many increases to mortgage rates in 2022. 

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May 24, 2022

Interest in mortgages from credit unions, private lenders up as rates rise: Brokers Toronto

Canadian mortgage brokers say homebuyers are increasingly considering credit unions and private lenders to secure mortgages as rates rise.

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May 19, 2022

More Buyers Are Turning to Credit Unions to Snag Higher Mortgages

More buyers looking to land themselves a higher mortgage have begun turning to alternative lenders like credit unions and private lenders.

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March 17, 2022

Housing market outlook for Canada in 2022

Key findings:

• In Toronto, the average price for a detached home hit more than $2 million in February, with prices projected to climb further throughout 2022.

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March 2, 2022

Is it time to consider longer mortgage terms?

As interest rates rise, some borrowers are eyeing the safety of fixed-rate products with terms longer than five years. Read Full Article

March 2, 2022

Rate hike won’t take ‘too much steam’ out of Canada’s housing market, experts say

The Bank of Canada’s move to hike interest rates will make the prospect of homeownership more expensive for some house hunters, but experts say it won’t be enough to fully cool a Canadian housing market beset with strong demand and a historic “supply crunch.”

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January 25, 2022

Posthaste: How much pain borrowers can expect when the Bank of Canada starts hiking

Big question now is not when the Bank hikes but how much. Read Full Article