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December Caps off Blockbuster Year for Canadian Housing
December Caps off Blockbuster Year for Canadian Housing

Despite a global pandemic that ravaged the Canadian economy early in the year, the housing market came back with a roar and ended the year by shattering records in December.

The average home sale price in the month rose to $607,280, up 17.1% comp…

Q4 2020 Bank Earnings – The End of Mortgage Deferrals
Q4 2020 Bank Earnings – The End of Mortgage Deferrals

When 2020 came to an end, so too did the vast majority of mortgage deferral programs offered by the Big 6 banks and other Canadian lenders.

And, despite forecasts from early last year that arrears could skyrocket as a result of the pandemic, all …

2020 – Year in Review
2020 – Year in Review

Now that the page has finally been turned on 2020, we wanted to take a look back at how mortgage rates fared over the course of what was a tumultuous year.

It’s safe to say that COVID-19 stole the show in terms of the year’s biggest newsmaker. On…

Latest Mortgage Rates

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THE MORTGAGE PROFESSIONAL (Secret 5 of 5)

Make sure you’re working with an experienced professional mortgage planner. The largest financial transaction of your life is far too important to place into the hands of someone who isn’t capable of advising you properly and troubleshooting the issues that may arise along the way.

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Renewing

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Q3 Lender Earnings: The Unexpected Recovery
Q3 Lender Earnings: The Unexpected Recovery

The country’s key mortgage lenders recently released their third-quarter earnings, and it’s safe to say results were better-than-expected all around.

Equitable Bank had its best-ever third quarter, while First National had its own record quarter….

Latest in Mortgage News – Industry Announcements
Latest in Mortgage News – Industry Announcements

There’s been a number of big mortgage industry announcements in recent weeks, ranging from reverse mortgage offerings to a new broker tech partnership and a key appointment at one of the country’s top brokerages.

Here’s a look at each…

Equitable…

About

East Coast Mortgage Brokers is Newfoundland and Labrador’s premier mortgage company. Founded in 2010, we work with Canada’s top lenders to ensure our clients get the best deal for their mortgage.