Category Archives: Blog

Reasons Why the Greater Toronto Area Is Ideal for Young Couples

This Is Why Young Couples Are Moving to the GTA

Whether it’s because of the region’s economic prosperity, infrastructure, robust housing market, or any other number of reasons, a growing number of couples and families are choosing to buy homes …


What Kind of Information Is Needed for a Loan Application?

Because of strict lending rules at Canada’s big banks and lending institutions, higher quality borrowers are turning to mortgage investment corporations (MIC) to secure their loans. Having only dealt with traditional lenders in the past, many borrowers are pleasantly surprised …


Why Choose Mortgage Company of Canada over Other MICs?

Mortgage Investment Corporations (MICs) are secured by real estate-backed mortgages provide investors with above average returns. Thanks to the way MICs are structured, they provide investors with a number of tax breaks.

That said, not all MICs are created equal, …


Loans Provided Through MICs Cut Through Bank Lending Red Tape

High quality Canadian borrowers that used to be loyal bank customers, are now turning to Mortgage Investment Corporations (MICs) to secure loans. That’s because traditional lenders have implemented a large number of strict lending rules; they also make potential customers …


MICs Provide Mortgage Financing When Big Banks Won’t

Canada’s real estate market is one of the strongest in the world, but Canada’s mortgage growth has fallen to its lowest level in nearly 20-years. Why? Stricter lending rules, higher interest rates, and areas with high real estate prices, like …


New Stress Test Rules Freezing Out First-Time Homebuyers

Stricter lending rules, higher home prices, and rising interest rates are shutting out younger, first-time homebuyers. New mortgage rules have made it increasingly difficult for prospective first-time homebuyers to be able to afford a house.

According to a new report, …


Mortgages to New Owners Drops Across Canada

The housing market remains hot in places like the Greater Toronto Area. While this is great news for those who own homes, it is making it difficult for those looking to get onto the property ladder. In fact, higher housing …


Historic Homes or Buildings in the GTA

The Greater Toronto Area (GTA) has an illustrious history that is often overlooked by residents. Over the last century, this region has gone from city to mega-city, steadily evolving since being known as Muddy York. Part of the GTA’s history are homes and buildings that have stood the...

Mortgage Company of Canada supports Special Olympics of Ontario

12Mortgage Company of Canada Supports Special Olympics of Ontario. Toronto Police welcomes all to Law Enforcement Torch Run for Special Olympics 1pm Jun14/2018 40 College St. We're honoured to receive donations from BMO, RBC Capital Markets, CIBC, Forman Manufacturing Inc & Mortgage Company of Canada totalling +$40,000...