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
B.C. home sales struggle in May as mortgage rates rise and labour market stays weak + MORE Jun 14th
Rising mortgage rates and a weaker labour market are weighing on home sales in British Columbia, especially in the Lower Mainland. .... More »
Bank of Canada holds rate, hints at increases to come Dec 6th
OTTAWA — The Bank of Canada stuck with its trend-setting interest rate Wednesday — but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way.
The central bank has now left the rate locked at one per cent for two straight policy announcements after the stren.... More »
Are we on track to generate $6,500 a month in retirement + MORE Aug 13th
Randy and Sandra Luke
Up until last year, Sandra and Randy Luke were focused on paying off their mortgage. With that goal behind them, they’re ready for their next challenge: to retire in 10 years. But can they save enough to build a portfolio capable of delivering a monthly net income of $6.... More »
Early cracks in household credit hint at mortgage stress by 2026, CIBC’s Benjamin Tal warns + MORE Nov 6th
Household credit strain is creeping in at the edges, and CIBC economist Benjamin Tal says it could spread to mortgages as payment shocks peak next year..... More »
First-Time Home Buyers In Canada Aren't Tapping Mom And Dad Like We Thought + MORE Jun 9th
It's a common refrain among Canadians looking into buy a home for the first time: they need to tap the "Bank of Mom and Dad."
But precisely how many of us are doing that is not clear.
A report by the Canadian Association of Accredited Mortgage Professionals (CAAMP) suggests fewer of us are tapping.... More »
Mortgage rates are on the move, upwards
– thestar.com
Home buyers warned that mortgage rates are on a steady climb, though interest rates aren’t expected to soar through the roof.Banks maximizing mortgage penalties again… but there’s a bright side..
– canadamortgagenews.ca
In case you haven’t heard, Fixed rates are up around 0.50% over the last 3 weeks. But the Banks haven’t increased their posted rates… How can that be?? And how does that affect you? The BIG SIX BANKS have played the rate guessing game for as long as I can remember.. This time, they’ve added […]
Dominion Lending Centres Canada – 10 year Closed : 3.99% (0.3%)
– ratesupermarket.ca
Dominion Lending Centres Canada 10 year Closed mortgage rate was changed on July 03, 2013
What Is A Money Market?
– ratesupermarket.ca
If you’re an investor you’ve probably come across the term “money market” many times. However, many don’t use this investing vehicle because they don’t understand how it works or assume it’s only used by big corporations and governments. With the emergence of money market funds, though, every investor can now participate in the money market. It can be a great place to invest your money for a short period of time before you make a long-term investment decision. The return is slightly better than your bank savings or chequing account and is also considered one of the safest most conservative places to park your cash.
What Is The Money Market?
A money market is a subsection of the financial markets, and a place for financial institutions to borrow or lend for a short period, generally less than one year. The money market consists of securities like government bonds, commercial paper, short-term mortgages and asset backed-securities. These are some of the safest places to invest money for the short-term, but they also have very low returns compared to stocks and bonds…
2013 CMHC Mortgage Consumer Survey
– canadianmortgagetrends.com
In 2013, mortgage consumers are smarter than ever, but they still value good advice. That’s an important takeaway from CMHC’s latest Mortgage Consumer Survey, which breaks down their behaviour and…
