SecureMyOffer

SecureMyOffer | Closing insurance for Canadian home sellers. Financial protection when buyers delay or default on closing.

[SecureMyOffer @SecureMyOffer]

Whatever the Bank decides next week, sellers with firm deals closing this winter should know where their buyer's mortgage approval stands before closing day.

[Canadian Mortgage Professional Magazine @CMPmagazine]

Sherry Cooper of Dominion Lending Centres Group says underlying inflation trends remain consistent with a wait-and-see approach, while Stéfane Marion of National Bank of Canada expects the Bank of Canada to refrain from hiking rates next week.

https://t.co/7HWcvP53Lr

[Canadian Mortgage Trends @CdnMortgageNews]

Inflation-adjusted Canadian home prices have more than doubled since 2005, outpacing most developed countries. The @CMHC_ca says demand grew faster than supply for longer than in many comparable markets.

#Housing #RealEstate #CMHC

https://t.co/k6P0fUV20y

[SecureMyOffer @SecureMyOffer]

@clintonwilkins Closing-day cash is the number that catches people off guard. Do your clients usually budget for it from day one?

[SecureMyOffer @SecureMyOffer]

@CMPmagazine And when that file stalls after the deal goes firm, the seller's closing date and next purchase are stuck waiting too.

[SecureMyOffer @SecureMyOffer]

@ShaziGoalie That's a gut punch for the seller. In a market sliding this fast, the stretch between firm and closing day must feel endless.

[SecureMyOffer @SecureMyOffer]

@marikobaerg Good one to share. The part sellers often miss: the deposit is usually the only money on the table if a buyer can't close, and in a softer market a resale shortfall can run well past it.

[SecureMyOffer @SecureMyOffer]

Buyers: what if your deposit didn't have to come out of your savings? DepositGuard Surety is a deposit surety bond that can take the place of all or part of your cash deposit, so more of your savings stays ready for closing day. Quote in about a minute: https://t.co/kPCYfc5VtL

[SecureMyOffer @SecureMyOffer]

@JeffGilmour5 @ronmortgageguy 4 for sure

[SecureMyOffer @SecureMyOffer]

@Hutchyman 4 in 10 needing a relist is brutal. Imagine finally going firm, then the buyer delays or defaults and you're right back in that market.

[SecureMyOffer @SecureMyOffer]

@elevaterealtyca Sellers should be asking the flip side: when does the buyer's rate hold expire? On a long closing, that date can matter as much as the price.

[SecureMyOffer @SecureMyOffer]

@doughoyes And the owners who sell to get ahead of it are counting on that closing. If the buyer delays or defaults, they're stuck carrying the mortgage again. And it continues.

[SecureMyOffer @SecureMyOffer]

@ShaziGoalie Lenders re-check debt right before a mortgage funds. One new car payment between firm and closing can sink a buyer's approval, and the seller finds out on closing day. This just keeps getting better.

[CTV News @CTVNews]

Toronto builders are turning condos projects into rentals. Here’s why https://t.co/B1PMCmbvfT

[Canadian Mortgage Trends @CdnMortgageNews]

CMHC chief economist Mathieu Laberge sees the Bank of Canada holding rates through 2026, with hikes potentially starting as early as Q1 or Q2 2027. The preliminary outlook was shared at @MortgageProsCan's National Mortgage Conference in Calgary.

#ElevateWithMPC #BankofCanada #Mortgages

https://t.co/JdEE4fwvug

[SecureMyOffer @SecureMyOffer]

@SpurrellCPA Sellers feel this too. A buyer who firmed up months ago may close on a different rate than the one they planned around if their hold runs out. Asking about the hold date when reviewing offers is a small step that's easy to skip.

[SecureMyOffer @SecureMyOffer]

@Hutchyman Behind a lot of court-ordered listings is an owner whose financing stopped working. That same strain shows up on the buying side too: a buyer stretched thin between firm and closing has less room if anything shifts, and it's the seller left waiting on closing day.

[SecureMyOffer @SecureMyOffer]

@marikobaerg Great video and very well done! Worth adding for sellers: even once that subject comes off, your closing can still hinge on the buyer's own sale closing on time. If their buyer delays, it can ripple straight down to you.

[Canadian Mortgage Trends @CdnMortgageNews]

RATE WATCH: @nationalbank became the latest major lender to raise advertised special mortgage rates on Friday, increasing several fixed terms by five to 10 basis points. Meanwhile, some other lenders have begun trimming select fixed rates as bond yields ease from their recent peak.

#Mortgages #MortgageRates #Banking

https://t.co/ehsZBHM4vP

[SecureMyOffer @SecureMyOffer]

Rate talk isn't only for buyers. A seller with a firm deal closing this winter is counting on the buyer's financing holding until closing day, so it's worth asking how solid that approval really is.

[Canadian Mortgage Trends @CdnMortgageNews]

Le gouverneur de la Banque du Canada, Tiff Macklem, s’attend à relever ses prévisions d’inflation à la fin du mois, alors que la hausse des prix du pétrole stimule la croissance et les pressions inflationnistes. Il prévient que des hausses de taux pourraient être nécessaires si l’inflation se propage.

#BanqueDuCanada #TauxDIntérêt

https://t.co/foO3gDlSUO

[SecureMyOffer @SecureMyOffer]

@TheELongWave Useful way to measure breadth. When momentum turns negative in more provinces, deals that went firm a few months back can look different by closing. If the appraisal lands under the price, the buyer has to cover the gap, and the seller is the one waiting on closing day.