Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Inflation data and Bank of Canada decision lead busy week for mortgage watchers Mar 16th
Inflation, home sales and two central bank rate decisions could shape expectations for borrowing costs and the spring housing market..... More »
RBC and NBC are the latest big banks to hike fixed mortgage rates + MORE Jun 3rd
RBC and National Bank became the latest Big 6 banks to increase their posted fixed rates this week, following previous increases by BMO and CIBC..... More »
Housing Construction Slows Across Canada + MORE Jun 8th
OTTAWA — Canada Mortgage and Housing Corp. says the pace of housing starts slowed last month compared with April.
The seasonally adjusted annual rate for May came in at 188,570 units for the month, down from 191,388 in April.
The six-month moving average of the seasonally adjusted annual rate wa.... More »
Community Trust at 50: A golden anniversary built on broker partnerships + MORE Oct 19th
Reflecting on five decades of alternative lending, national growth, and an unwavering commitment to the Canadian mortgage broker community..... More »
No Spring Thaw in Sight for March Mortgage Rates + MORE Mar 7th
RateSupermarket.ca’s expert panel say lenders are taking a wait-and-see approach
Good news for early spring mortgage borrowers: interest rates won’t be rising along with the thermometer. While early signs of economic improvement are promising, consumer lenders and the central bank alike are hol.... More »
Dominion Lending Centres Canada – 5 year Closed : 2.94% (0.05%)
– ratesupermarket.ca
Dominion Lending Centres Canada 5 year Closed mortgage rate was changed on June 12, 2013
Home Trust Company – 6 months Closed : 3.95% (0.46%)
– ratesupermarket.ca
Home Trust Company 6 months Closed mortgage rate was changed on June 12, 2013
Can this couple retire early?
– moneysense.ca
The current situationBao Lam, a 43-year-old certified financial planner in Waterloo, Ont., believes in second opinions. He asked MoneySense for our thoughts on whether he’s on track to leave his high-paying—but stressful—job at age 47. That’s when he hopes to sell his business for $900,000 and invest that money until his retirement at 65. Bao’s 39-year-old wife Jeannette, who is currently his assistant, would stop working. “Doctors need a second opinion about their own health,” says Lam. “It’s no different with financial advisers.”
The Lams, who have a teenage son, have assets including a $325,000 home and $222,000 in registered and non-registered investments. They will be cashing in Jeannette’s $27,000 GIC and putting it towards their $118,000 line of credit later this year. The couple, who gross $180,000 per year, hope to have all their debts (including a $128,000 mortgage), paid off before retiring.
When they sell their business, the Lams will receive $90,000 gross per year for 10 years, with payments made monthly…
Dominion Lending Centres Canada – 4 year Closed : 2.94% (0.05%)
– ratesupermarket.ca
Dominion Lending Centres Canada 4 year Closed mortgage rate was changed on June 12, 2013
Home Trust Company – 4 year Closed : 2.99% (0.05%)
– ratesupermarket.ca
Home Trust Company 4 year Closed mortgage rate was changed on June 12, 2013
