Check Out Our Blog and Get An

Insider's View

What to expect in 2019

Stillman expects fixed rates to be up to 0.5% higher in 2019 because of the variable rate spike and, specifically, how much more expensive it is for lenders to fund mortgages in light of repeated government intervention in the market. … Continued

Read More

November & December Rate Outlook

Many clients ask whether they should go with a fixed or variable rate and most times there is a clear winner; with the news today from the bank of Canada that they are holding the overnight rate at 1.75% (and … Continued

Read More

Unique partnership expedites turnaround times

Ultimately, forging indomitable relationships with up-and-coming as well as established brokers is XMC’s objective. One of the latter is Shawn Stillman, Mortgage Outlet’s principal broker, for whom XMC approved a deal four hours after submission last week. The deal will … Continued

Read More

A quiet rule change will make it tougher for Canadians with a HELOC to get a second mortgage

    Lenders often try to approve borrowers for the maximum amount, says broker Shawn Stillman, of Mortgage Outlet. “Banks have been pushing HELOCs for years,” he says. (To be fair, a lot of brokers push HELOCs, too.) “It’s very … Continued

Read More

October Rate Outlook

Many clients ask whether they should go with a fixed or variable rate and most times there is a clear winner; however, right now it’s a bit of toss-up as it really depends on one’s risk tolerance and need to … Continued

Read More

September Rate Outlook (on October 1)

I never thought I would hear the words “I think Justin’s a good person who’s doing a good job,” out of Donald Trump’s mouth, but there it is, and at the last minute NAFTA was settled with a stupid new … Continued

Read More

Community Trust gives back to broker channel

    “We work with a lot of people through the phone, through email, and we don’t always see them,” said the broker and Mortgage Outlet director. “Today, we get to see them and connect with them, have a little … Continued

Read More

Toronto has rebounded

    “The condo market is still on fire—it never slowed down,” said Mortgage Outlet’s Principal Broker Shawn Stillman. “Even month-over-month, the price per square foot is hitting new highs, and they’ve always been strong. Where the weakness is, however, … Continued

Read More

August Rate Outlook

Variable: August provided a mixed bag of news, 54k net new jobs, but a loss of 28k full time jobs, inflation of 1.4% and Mexico and the US signing a Free Trade agreement behind Canada’s back. Given the uncertainly in … Continued

Read More

July Rate Outlook

Variable: Given the uncertainly in the Canadian economy, it looks like the number of rate increases are going fewer and father apart, with most banks only expecting only one more late 2018.  The big surprise in the mortgage market is … Continued

Read More

Mortgage Outlet – In the News

Variable trumps fixed According to one mortgage broker CMP spoke to, the real reason chartered banks have increased fixed rates is because they’re trying to shackle borrowers. “Banks are losing some of their customers at the renewal stage to mortgage … Continued

Read More

June Rate Outlook

Over the past 30 days, there has been a mixed bag economic news and all eyes are on next Bank of Canada meeting.  The market believes there is only a 50% chance of the BoC increasing rates; however, I expect … Continued

Read More

Mortgage Outlet – In the News

Federal Conservatives decry B-20, push for study to examine effects Mortgage Outlet’s Principal Broker Shawn Stillman doesn’t believe Kmiec will be successful in imploring the Liberals to study the mortgage rules simply because it’s Politics 101. “It’s unlikely he’ll be … Continued

Read More

Mortgage Outlet – In the News

Honesty is the best policy for lenders Mortgage Outlet won Best Newcomer Mortgage Brokerage at this year’s Canadian Mortgage Awards, and according to Elan Weintraub, it’s a fruitful result of the firm’s high standard of service. “Everyone at Mortgage Outlet … Continued

Read More

Mortgage Report – Debt is very, very bad. Unless it is very, very good.

Could it be the perfect time to get some good debt and unlock the value in your home to invest in Toronto real estate? I’ve mentioned in the past that I’m a risk averse person (my family has two Volvos!). … Continued

Read More