5 February 2019

In his opinion, investors will have to review their expectations on the most important industry tendency in years. “Those banks that will shift their business sources, will win”.

“Such things don’t happen unexpectedly. It was an engineered slowdown and the banks often agreed to the changes we’ve seen”, – CIBC Capital Markets analyst Robert Sedran noted. “It will lead to healthier lending conditions and a healthier real estate environment in the future”.

Considering slower mortgage growth rate you can be sure that banks will squeeze every dollar and percentage point from every new mortgage or mortgage renewal, that is why it’s even more crucial now to shop around and check with your mortgage broker especially at the time of renewal! Our best offer stands at 2.80% (Prime – 1.15%) – the rate no big bank can even get close to.