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Our News - The Lending Line

Canadians leaving money on the table by not negotiating their mortgage renewal rates

Canadians leaving money on the table by not negotiating their mortgage renewal rates According to a recent survey conducted Mortgage Professionals Canada, Canadians are doing less haggling at renewal, despite most facing higher interest rates.

Exclusive: 76% of mortgage holders are anxious about their upcoming renewal: MPC survey

Exclusive: 76% of mortgage holders are anxious about their upcoming renewal: MPC survey Growing financial anxiety is affecting both Canadian mortgage holders and non-owners alike, according to the latest consumer survey from Mortgage Professionals Canada.

Commercial real estate trends shifting toward purpose-built rentals: Re/Max report

Commercial real estate trends shifting toward purpose-built rentals: Re/Max report Developers have shifted their focus toward purpose-built rental construction, some at the expense of new residential condominiums and commercial buildings.

Options to boost credit scores are growing, but principles remain the same

Options to boost credit scores are growing, but principles remain the same Both a little opaque on how they’re calculated and sometimes painfully clear in what they say, credit scores are an unavoidable part of any borrowers’ life.

Nesto eyes controlling stake in CMLS Financial, media report suggests

Nesto eyes controlling stake in CMLS Financial, media report suggests Online mortgage lender Nesto Inc. is currently in talks to purchase a controlling stake in CMLS Financial Inc.,

Owe the tax man but can’t pay? Ignoring the problem will only make things worse

Owe the tax man but can’t pay? Ignoring the problem will only make things worse The tax filing deadline has come and gone, and some Canadians are now facing a significant tax bill. 

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC CMHC says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4% year-over-year and representing the slowest growth in 23 years.

More Canadians only making minimum payment on credit cards: TransUnion

More Canadians only making minimum payment on credit cards: TransUnion An increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household budgets.

OSFI identifies mortgage payment shock as a key risk to Canada’s financial system

OSFI identifies mortgage payment shock as a key risk to Canada’s financial system Canada’s banking regulator says high borrowing costs and a wave of expected renewals pose a key risk to Canada’s financial system.