Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Why Everyone Should Choose The Longest Amortization Possible + MORE Oct 16th
One of the most common requests I get when discussing mortgage options with my clients is that they want the shortest amortization they can afford. They want to pay their mortgage off as soon as possible. I get it! And then I hit them with an unexpected recommendation. I tell them to take the .... More »
The best credit cards for newcomers to Canada for 2024 + MORE Jul 29th
Credit Cards
The best credit cards for newcomers to Canada for 2024
As a newcomer, you’ll want a credit card that offers you the best value without having a long Canadian credit history. Here’s a list of our favourite cash back, rewards, low-interest cards and more.
.... More »
Is this frugal Toronto artist’s $70,000 in savings enough for her to buy a property in the U.S.? Jul 3rd
If Joy were to buy a house in the U.S., writes financial expert Jason Heath, it’s probably best she get a pre-approved a mortgage before house hunting..... More »
Before you buy, here’s how to compare home insurance + MORE Aug 6th
Home insurance is important, but no one loves paying for it. That’s why people like to open their browsers and search for “cheap home insurance” and “how to save on home insurance.”
Any insurance professional will tell you that there’s no easy answer for cheap and full coverage,.... More »
The complete guide for first-time home buyers in Canada + MORE Mar 28th
Buying your first home is an exciting experience, but it can also be an overwhelming one—especially if you’re not sure where to start. That’s why we’ve outlined some simple steps that anyone shopping for a home should take, from figuring out what you can actually afford to getting pre-approv.... More »
Bank of Canada Raises Rate by 0.25% – Is it Time to Worry Yet?
– canadamortgagenews.ca
As predicted, the Bank of Canada raised their benchmark rate a few days ago. No surprises here. And yet, the media will make you feel like this was out of left field. Even worse, they’ll spew fear mongering dribble that the train is off then rail. That every single BoC meeting for the rest of the year will result in a rate pump. That we’re heading for a market crash of epic proportions. So is it time to worry yet?
I’m here to tell you this: turn off the television and take a deep breath. There’s nothing to fear.
These rate hikes are entirely normal. What wasn’t normal was how low they got in the first place. What we’re seeing is a minor correction. Not in the market itself; but in the rates that govern it. Even with these last two increases and the couple that are expected to follow, we’re still experiencing historically low rates – rates that anyone in the market for a mortgage should be taking advantage of.
Otherwise, it’s money left on the table…
Mortgage Professionals Canada CEO Paul Taylor Stepping Down
– canadianmortgagetrends.com
Paul Taylor, the President and CEO of Mortgage Professionals Canada, has announced he will be stepping down from his position.
