Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Frustrated with mortgage tech? You’re not alone + MORE Feb 14th
For the past few years, mortgage brokers have been presented with a seemingly non-stop barrage of new mortgage technology..... More »
Canada's New Mortgage Rules Could Make Life Tough For 1/3 Of Insured Borrowers + MORE Oct 7th
First-time homebuyers may need to lower their expectations under the Liberals' new mortgage rules.
A report by Genworth MI Canada says over one-third of insured mortgages — predominantly borrowed by first-time homebuyers — would have difficultly meeting the requirements.
First-time homebuyers,.... More »
How Canada’s Mortgage Lenders Adapted to the ‘New Normal’ Dec 14th
The COVID-19 pandemic and the resulting nationwide lockdown forced the country’s mortgage lenders—like many businesses across the country—to adjust their operations in this unprecedented and brave new world of conducting business. They were faced with keeping the country’s mortgage de.... More »
Can you pay off your debt while saving for retirement? + MORE Sep 2nd
Ask MoneySense
We are a blended family. My husband, at 50 years old, owns a home with a $330,000 variable-rate mortgage. He rents it out for $3,400 per month, which covers the mortgage plus about $1,000. He’s also maxed out his $50,000 line of credit. He has $200,000 in an RRSP and has a company p.... More »
Oil shock could keep rates higher for longer, analyst warns + MORE Mar 19th
A prolonged Middle East conflict could push oil prices higher, adding to inflation pressures and raising risks for mortgage rates and household affordability..... More »
RBC Examines Price Growth Triggers
– canadianmortgagetrends.com
Many an armchair analyst has speculated on the factors behind Toronto and Vancouver’s runaway home values. And now, a recent study by RBC Capital Markets brings more data to the table. According to its report, home prices increased at a compound rate of 5.6% annually from 1999 to 2015 in Toronto and 6.2% in Vancouver, outperforming the S&P/TSX Composite total return of 5.3%. RBC’s analysis found that four factors accounted for between 85% and 90% of those price increases since 1999: Lower interest rates Higher incomes An increase in the percentage of incomes used to make mortgage payments Larger down payment gifts from family members. The remaining READ MORE
Rates on short-term bills drop at weekly Treasury auction
– canadianbusiness.com
WASHINGTON – Interest rates on short-term Treasury bills fell in Monday’s auction with rates on three-month bills dropping to their lowest level in four weeks.
The Treasury Department auctioned $37 billion in three-month bills at a discount rate of 0.285 per cent, down from 0.320 per cent last week. Another $32 billion in six-month bills was auctioned at a discount rate of 0.395 per cent, down from 0.425 per cent last week.
The three-month rate was the lowest since those bills averaged 0.270 per cent on July 5. The six-month rate was the lowest since those bills averaged 0.390 per cent on July 11.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,992.80, while a six-month bill sold for $9,980.03. That would equal an annualized rate of 0.289 per cent for the three-month bills and 0.401 per cent for the six-month bills.
Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, edged down to 0…
The Treasury Department auctioned $37 billion in three-month bills at a discount rate of 0.285 per cent, down from 0.320 per cent last week. Another $32 billion in six-month bills was auctioned at a discount rate of 0.395 per cent, down from 0.425 per cent last week.
The three-month rate was the lowest since those bills averaged 0.270 per cent on July 5. The six-month rate was the lowest since those bills averaged 0.390 per cent on July 11.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,992.80, while a six-month bill sold for $9,980.03. That would equal an annualized rate of 0.289 per cent for the three-month bills and 0.401 per cent for the six-month bills.
Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, edged down to 0…
