Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Fixed mortgage rates surge higher as bond yields break above 4% Aug 21st
Bond yields broke through a key resistance point this week, leading to a fresh round of fixed mortgage rate increases..... More »
My mortgage payments are approaching my trigger rate. How will this affect my mortgage and what should I do? Nov 7th
Experts say the key is to be proactive and prepare your finances well before your entire mortgage payment is going towards paying just the interest..... More »
Mortgage Career: Canada Mortgage Direct – Mortgage Specialist (Underwriter) + MORE Aug 21st
Company: Canada Mortgage Direct Location: Calgary, Alberta Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database. Mortgage Specialist (Underwriter) Job Description Role: To underwrite, process, approve mortgage applications and build stron.... More »
Does buying GICs still make sense after the recent rate cuts? + MORE Apr 3rd
In March, the Bank of Canada (BoC) lowered its policy interest rate by another 25 basis points, from 3.00% to 2.75%. It was the central bank’s seventh consecutive cut.
What does it mean for Canadians as borrowers and savers when interest rate cuts happen? On the positive side, it mean.... More »
Debt to household income ratio rises in third quarter, household net worth + MORE Dec 15th
OTTAWA _ The amount Canadians owe relative to their income hit a new high in the third quarter.
Statistics Canada said Thursday that household credit market debt as a proportion of household disposable income increased to 171.1 per cent, up from 170.1 per cent in the second quarter.
That means there.... More »
Mortgage Career of the Week
– canadianmortgagetrends.com
Company: Street Capital Position Title: Marketing & Sales Coordinator Previous Experience Required: 1-3 years relevant experience Licences or Registrations Required: No Location of Position: Toronto, Ontario Applicants may contact: laura.shelton@streetcapital.ca…
Verico Butler Mortgage Inc – 2 year Closed : 2.67% (0.08%)
– ratesupermarket.ca
Verico Butler Mortgage Inc 2 year Closed mortgage rate was changed on July 08, 2013
Coast Capital Savings – 4 year Closed : 3.25% (0.11%)
– ratesupermarket.ca
Coast Capital Savings 4 year Closed mortgage rate was changed on July 09, 2013
Spotlight On Mortgages: July 19, 2013
– ratesupermarket.ca
Economy On Track To Recovery… Eventually
Canada’s economy and housing market may still be in a state of recovery but the gap is starting to close, according to the latest economic indicators. This week’s Bank of Canada Monetary Policy and rate announcement, coupled with new June data from the Canadian Real Estate Association, point to a healing market that, while still below precedented growth levels, appears to be normalizing.
Bank of Canada Announcement: Economy Still On Track
The BoC is keeping its Overnight Lending Rate at one per cent once again, a trend unbroken as of September 2010. The rate, which sets the standard for variable mortgage rates and the cost of borrowing, has been kept low by the Bank as a stimulus measure – cheap money encourages consumers to spend, pumping up the economy.
It’s not surprising that the rate will remain for the near future; some economists had speculated that new BoC Governor Stephen Poloz would take the opportunity to introduce change, but the latest edition of Monetary Policy shows that our economy just isn’t ready to put an end to these measures, and won’t be until next year…
Coast Capital Savings – 5 year Closed : 3.49% (0.15%)
– ratesupermarket.ca
Coast Capital Savings 5 year Closed mortgage rate was changed on July 09, 2013
