It’s been a couple of COVID years, but the Bank of Canada has started to increase interest rates after nearly two years of historic lows. Many people are now encountering difficulties as a result of this decision, from regular Canadians to financial professionals who are finding the changes very much challenging.

With the changes in lending rules, the need for private lenders is increasing exponentially. With many of them now offering lower rates and unique financing programs, homeowners and investors are increasingly tapping into these solutions as part of causing and creating their future wealth. To get you a mortgage product that works for you and your unique requirements, Keith Uthe Demystifying Mortgages has written down seven reasons to use a private lender for purchases and refinances. 

Original Article Source Credits:   Better Dwelling, https://betterdwelling.com/

Article Written By:  Stephen Punwasi

Original Article Posted on:  Dec 27, 2021

Link to Original Article:  https://betterdwelling.com/the-smith-maneuver-the-loophole-canadian-real-estate-owners-use-to-lower-taxes

Original Article Source Credits:   Calgary Herald , https://calgaryherald.com/

Article Written By:  Joel Schlesinger 

Original Article Posted on:  May 20, 2021 

Link to Original Article:  https://calgaryherald.com/life/homes/new-homes/calgary-real-estate-poised-for-more-growth-as-economy-recovers

Original Article Source Credits:   Loans Canada , https://loanscanada.ca/

Article Written By:  MARK GREGORSKI

Original Article Posted on:  NA

Link to Original Article:  https://loanscanada.ca/credit/what-to-do-if-you-have-a-zero-credit-score/

Original Article Source Credits:   Toronto Storeys , https://torontostoreys.com/

Article Written By:  Ainsley Smith

Original Article Posted on:  December 28, 2020

Link to Original Article:  https://torontostoreys.com/housing-market-predictions-zoocasa-2021/

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  December 11, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/12/how-canadas-mortgage-lenders-adapted-to-the-new-normal/

Original Article Source Credits:   Toronto Storeys , https://torontostoreys.com/

Article Written By:   Ainsley Smith

Original Article Posted on:  December 15, 2020

Link to Original Article:  https://torontostoreys.com/mortgage-housing-predictions-2021-ratehub/

Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Shelly Hagan

Original Article Posted on:  Nov 02, 2020  

Link to Original Article:  https://financialpost.com/news/economy/the-only-thing-canadians-are-optimistic-about-right-now-is-the-housing-market

Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/

Article Written By: John Gittelsohn

Original Article Posted on: August 24, 2020

Link to Original Article:  https://ca.finance.yahoo.com/news/real-estate-investors-skip-paying-110000020.html

Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By : Steve Huebl

Original Article Posted on : July 16, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/07/bank-of-canada-hints-at-no-interest-rate-hikes-until-2023/

For the second time since the beginning of the pandemic, the Bank of Canada has lowered the benchmark qualifying rate a further .15% to 4.79%. For a buyer with an annual income of $80,000 that is approximately $6,300 of additional mortgage space compared to the previous qualifying rate of 4.94% and approximately $11,000 more than the qualifying rate of 5.04% that was in place at the beginning of the pandemic.

Original Article Source Credits: Canada Mortgage and Housing Corporation , https://www.cmhc-schl.gc.ca/

Article Written By : NA

Original Article Posted on : July 15, 2020

Link to Original Article:  https://www.cmhc-schl.gc.ca/en/housing-observer-online/2020-housing-observer/overview-q12020-national-mortgage-credit-trends

Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By : Steve Huebl

Original Article Posted on : July 23, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/07/how-the-government-has-saved-the-economy-from-covid-19-so-far/

As most of you know, my personal vision is that 'Everyone Shall Live a Life of Abundance'. I am always seeking ways that will help me be successful in fulfilling that vision in what I do as a mortgage broker and real estate investor.

Getting the best mortgage on your home makes a huge difference in affordability, financial wealth and abundance. It can save you hundreds or cost you thousands.

Original Article Source Credits: The chronicle herald , https://www.thechronicleherald.ca/

Article Written By : Myke Thomas

Original Article Posted on : Jun 19

Link to Original Article:  https://www.thechronicleherald.ca/lifestyles/homes/bank-of-canada-expected-to-hold-overnight-target-rate-464282/

Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By : Steve Huebl

Original Article Posted on : June 24, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/06/home-sales-prices-wont-fully-recover-2022-says-cmhc/

Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By : Steve Huebl

Original Article Posted on : June 30, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/06/mortgage-rates-keep-setting-new-record-lows/

In response to the COVID-19 pandemic and in an attempt to protect the economic future of Canadians, the Canadian Mortgage and Housing Corporation (CMHC) announced in early June that it would be tightening its qualification rules for mortgage insurance from July 1, 2020.  Fortunately, they are two other mortgage insurers: Genworth and Canada Guarantee and neither of them are changing their qualification rules.