Record-low rate, Banks downgraded, Province hits new high, Millennial buyers, More

President on launch of record-low variable rate

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20 July 2021

Top news President on launch of record-low variable rate The new product is the lowest five-year variable rate in Canadian mortgage history Fitch downgrades assessment of Canada's banking sector Move results in lower rating for one major bank A mortgage in minutes Technological advances are giving mortgage brokers greater freedom than ever to focus on what's important, writes Lendesk's Greg Williamson Province hits new high in real estate market It was up 45% compared to the second quarter last year CMHC pushes for affordable homes in Winnipeg Investment to create thousands of jobs in housing and construction sector, says agency What do millennial first time buyers really want from mortgage specialists? New poll notes rising number of buyers using different lenders from their main bank Alarming number of Canadians feel they are house poor – study Research shows homeowners with an outstanding mortgage may be at particular risk international news Chicago banker guilty of bribing Paul Manafort with $16.5 million in high-risk loans He tried to bribe his way into a high-level position in the Trump administration, it is said Banks extend repayment relief to flood-affected customers "We know people are doing it tough after days of severe rain" Westpac to brief regulator on alleged Forum fraud The big bank will have to explain how it happened – and what will be done to prevent it from happening again

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