BLOGGED: RBC To Hike Fixed Mortgage Rates http://t.co/uuZDGxA5e5 + MORE Jun 10th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.

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A TFSA high on weed stock + MORE May 24th

Stella & Mat Stiver-Balla AGE: 28 and 32 PLACE: Toronto TFSA TOTAL: $77,210 STRATEGY: Growth and blue-chip stocks Me and my TFSA Four years ago was an important time for Mat Stiver-Balla. In 2013 he married his wife Stella, 28, and he began investing in his TFSA. Like most young inves.... More »

Is it safe to have $600,000 in savings invested in GICs? + MORE Oct 16th

Q. I live in Manitoba and have about $600,000 invested in GICs at a local credit union. I am 63 years old, retired with a pension, no debt and no mortgage. However, I still worry about this money and it has been hard for me to find an unbiased view on its safety. Can you help? —Glenda W. A. I thi.... More »

Mortgage Digest: Bond yields whipsaw, but fixed rates still have room to fall + MORE Apr 12th

Canadian bond yields have swung sharply in recent weeks, adding uncertainty to the outlook for fixed mortgage rates..... More »

CMHC reports annual pace of housing starts slowed in February + MORE Mar 9th

The housing agency said Friday the annual pace of housing starts slowed in February as higher mortgage rates and other economic conditions soften demand. Economists had expected an annual pace of 205,000 for the month but instead fell to 173,153 units..... More »

CMHC consumer survey reveals the importance of follow-up contact by mortgage brokers + MORE May 13th

There was a simple but important lesson for mortgage brokers in CMHC's 2023 Consumer Survey released Wednesday: follow-up contact leads to more satisfied clients..... More »

BLOGGED: RBC To Hike Fixed Mortgage Rates http://t.co/uuZDGxA5e5

— RateSupermarket.ca (@RateSupermarket) June 7, 2013

Canadians saving more, paying off mortgages faster

– canequity.com

Who says Canadians can't save?
According to an article from The Globe and Mail, the Canadian personal savings rate is twice that of our neighbors to the south, and nearly six times higher than it was 10 years ago.
"All the talk about the Canadian household being tapped out or out of shape is a bit overdone," Doug Porter, chief economist at BMO Nesbitt Burns, told the news source.
Data from Statistics Canada shows that the savings rate during the first quarter of 2013 was 5.5 percent, up from 5.4 percent during the final three months of 2012. That may not seem like a large improvement, but it's important to keep in mind that the original forecast for the savings rate during the fourth quarter of last year was 3.8 percent, according to Statscan.
"The savings situation looks more encouraging still when we consider the amount of money that people have been pouring into their mortgages to pay down outstanding balances," writes Rob Carrick for The Globe and Mail…

Continue Reading On canequity.com »

Monoline Lenders Unplugged

– canadianmortgagetrends.com

Monoline lenders (a.k.a. non-deposit-taking lenders) are an important cog in the mortgage market. Their mortgage products and low pricing improve consumer choice and force our dominant banks to be more…

Continue Reading On canadianmortgagetrends.com »

RBC will increase their fixed mortgage rates this coming Monday, June 10: http://t.co/FnMEEpxvOV

— RateSupermarket.ca (@RateSupermarket) June 7, 2013

Banks raise mortgage rates

– canadamortgagenews.ca

RBC is raising their rates… As expected, fixed mortgage rates have gone up. RBC is the first of the BIG SIX to raise their rates. RBC’s 4 yr rate special will go to 3.09% from 2.99% and their 5 yr rate special will go to 3.29% from 2.99%. Of course, these are NOT the best […]

Continue Reading On canadamortgagenews.ca »

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