SEAN HARRIS Mortgage broker of Greater Vancouver

https://www.huffingtonpost.ca//mortgage-stress-test-impac/

https://www.theglobeandmail.com//article-goodbye-variable/

https://www.vancourier.com//fixed-mortgage-rates-to-drop-t

https://www.cbc.ca/news/business/mortgage-rates-1.5070332

https://www.canadianmortgagetrends.com//boc-turns-dovish-/

https://business.financialpost.com//exclusive-canada-mulls

https://www.cbc.ca/n/business/mortgages-big-banks-1.5014184

https://www.cbc.ca//fixed-vs-variable-mortgage-rate-predic

https://www.theglobeandmail.com//article-how-canadas-mort/

https://www.theglobeandmail.com//article-rbc-cuts-5-year-/

Making the Most of Your Mortgage Broker By James Harrison Source: Which Mortgage The process of becoming a homeowner can be long and arduous, and your mortgage broker is one of your key allies in getting a mortgage in order to buy a home. But if done right, the relationship between you and your broker doesn’t stop once you have the keys....Continue reading

Canadians Pessimistic About Finances and Economy BY Steve Hueb January 10, 2019 Many Canadians are taking an increasingly gloomy view of their finances and the overall economy heading into 2019....Continue reading

2018 Year in Review Steve HueblSteve HueblDecember 31, 2018 Share via:... We’re about to turn the page on 2018, and many may feel not a moment too soon. Climbing fixed rates weren’t the only thing making mortgages less accessible in 2018. This was the first full year to measure the impacts of new federal mortgage rules. Provincial policies in B.C. and Ontario also contributed to putting the brakes on the country’s housing momentum. Those and other headwinds marked an eventful 2018. Here’s a rundown of the year’s top stories, rate movements and mortgage-related stocks. ********** TOP STORIES OF 2018 Rising Bank of Canada interest rates Government policy changes work their way through the mortgage market (including B.C.’s housing measures) Canadian real estate hits a slump THE YEAR’S TOP DEALS & LENDER MOVES Equitable Bank launches PATH Home Plan BMO’s deep prime 1.00% variable rate spring promo TOP NEW PRODUCT OFFERINGS Merix Financial’s interest-only product Improvements to Newton Velocity as it competes for market share RATE MOVEMENT The foundation for Canadian interest rates is the overnight rate. It ended the year 0.50% higher than where it began. The most important benchmark for fixed-rate pricing is the 5-year government bond, and in late 2018 we were reminded of how quickly 5-year yields can tumble. Indicator Year End 2018 Change BoC Overnight Rate 1.75% +0.75% Prime Rate 3.95% +0.75% Discount Variable Rate1 2.92% +42 bps 5yr Posted Rate 5.34% +35 bps 5yr Discounted Fixed Rate1 3.49% +47 bps 5yr Government Bond Yield 1.88% +2 bps 30-day Bankers’ Acceptances 2.25% +84 bps 90-day Bankers’ Acceptances 2.24% +72 bps STOCK MOVES And finally, here’s a look at the performance of Canada’s big banks along with the public companies that make the majority of their revenue in the mortgage business. Big Banks Share Price 2018 % Change Annual Dividend Yield Bank of Montreal $89.34 -11% 4.57% CIBC $101.73 -17% 5.45% Laurentian Bank $37.98 -34% 6.97% National Bank $56.15 -10% 4.74% Royal Bank of Canada $93.53 -9% 4.28% Scotiabank $67.88 -17% 5.05% TD Canada Trust $67.86 -8% 4.03% Mortgage Companies Share Price 2018 % Change Annual Dividend Yield Atrium MIC $12.52 +0.32% 7.16% Eclipse Resi. MIC $8.69 -14% 8.56% Equitable Group $60.14 -16% 1.91% Firm Capital MIC $13.11 +0.5% 7.09% First National $27.59 -4% 7.11% Genworth MI $40.59 -7% 5.13% Home Capital Group $14.45 -13% MCAN Mtg Corp $13.39 -25% 10.04% Street Capital Group $0.56 -46% Timbercreek Financial $8.77 -8% 7.94% Trez Capital MIC $0.54 -86% 1 Discounted mortgage rates reflect the average advertised rates of Canada’s top super brokers, as of December 31.

Making the Most of Your Mortgage Broker Source: Which Mortgage The process of becoming a homeowner can be long and arduous, and your mortgage broker is one of your key allies in getting a mortgage in order to buy a home. But if done right, the relationship between you and your broker doesn’t stop once you have the keys....Continue reading