Mortgage Transit Inc.

01/27/2021

Mortgage Interest Rate
5 Year Fixed Promotion %1.99
5 Year Variable Promotion %1.70

Mortgage Transit Inc. will not only provide you with the lowest mortgage rate in the market, but we strive to ensure maximum flexibility within the product.

12/30/2020

Canadian Real Estate Prices Surge In Growth… Except For Condos
https://bit.ly/3mhHnXg
Visit https://www.mortgagetransit.com to find the right mortgage option for your financial needs.

12/23/2020

New analysis says GTA home prices could drop by as much as 26%
https://bit.ly/37kBWAD
Visit https://www.mortgagetransit.com to find the right mortgage option for your financial needs.

Veritas Investment Research says a massive influx of supply could tank local Canadian markets

12/16/2020

Optimism Returns to the Markets. Could Fixed Rates Start to Rise?
https://bit.ly/3lDCAiD
Visit https://www.mortgagetransit.com to find the right mortgage option for your financial needs.

Bond yields in both Canada and the U.S. jumped on news that Pfizer’s COVID-19 vaccine has proven more than 90% effective in its trials. Following the announcement on Monday, the all-important 5-year bond yield is now hovering around 0.50% for the first time since early June. Since bond yields lead...

12/09/2020

Mortgage interest costs continued to fall in October
https://bit.ly/2VdPtnU
Visit https://www.mortgagetransit.com to find the right mortgage option for your financial needs.

Agency largely attributes downward trend to today's current low rate environment

12/02/2020

Fixed- or Variable-Rate Mortgage? Right Now Its No Contest
https://bit.ly/3n3Rlvo
Visit https://www.mortgagetransit.com to find the right mortgage option for your financial needs.

With the Bank of Canada keeping its policy low last week and until 2023, the fixed vs. variable debate is an unusually one-sided one right now.

11/25/2020

Canada pulls back from debt deferral cliff
https://yhoo.it/3m5i76d
Visit https://www.mortgagetransit.com to find the right mortgage option for your financial needs.

The number of Canadians deferring mortgage payments is easing, though still historically high.

11/18/2020

Renewing your mortgage
https://bit.ly/2Ir0Q6F
Visit https://www.mortgagetransit.com to find the right mortgage option for your financial needs.

What to consider before you renew your mortgage, steps you need to take to renew your mortgage and what happens if you decide to switch lenders.

11/11/2020

Bank of Canada plans to keep interest rate near zero until 2023
https://bit.ly/3oUMKxn
Visit https://www.mortgagetransit.com to find the right mortgage option for your financial needs.

The Bank of Canada says it has no plans to change its benchmark interest rate until inflation gets back to two per cent and stays there, something the central bank says isn't likely to happen until 2023.

11/05/2020

Top Canadian Real Estate Trends to Look For in 2021
https://bit.ly/34YVw5B
Visit https://www.mortgagetransit.com to find the right mortgage option for your financial needs.

PwC Canada and the Urban Land Institute teamed up to share their Canadian real estate trends for 2021 in light of COVID-19.

10/28/2020

Canadian Mortgage Debt Passes 80% Of GDP For The First Time
https://bit.ly/3lMJ9yO
Visit https://www.mortgagetransit.com to find the right mortgage option for your financial needs.

Canadians love mortgage debt, and most households consider it low risk. However, they might love it a little too much. Mortgage debt has seen astronomical growth over the past couple of decades. This is often attributed to large economic growth, however the mortgage debt to GDP ratio shows that migh...