Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
The latest in mortgage news: Government unveils details of its foreign buyer ban Dec 25th
The government unveiled details of its foreign buyer ban on residential properties earlier this week, just days before the rules are set to take effect..... More »
Building the Right Team at Mortgage Time + MORE Dec 4th
Your mortgage is one of the largest purchase items you will probably take on in your life. In making that commitment, you will most likely seek advice from several people: your family, your partner, your real estate agent, your financial planner and your mortgage broker.
Ensuring that you employ.... More »
Scotiabank “intentionally slowing” its mortgage portfolio + MORE Mar 2nd
With its new CEO now at the helm, Scotiabank has laid out its plans for a shift in focus in terms of how its funds its loan book..... More »
The latest in mortgage news: uninsured posted rates at decade-highs + MORE Mar 11th
Uninsured posted rates from Canada's Big 6 banks have skyrocketed over the past year, according to data from the Bank of Canada..... More »
Good habits that can help you improve your credit score + MORE Jan 1st
You probably know you should care about your credit score, but do you know why? Simply put, this three-digit number can either help or hurt you in your journey towards financial wellbeing—and it can have far-reaching effects.
Your credit score affects your chances of getting approved for a cre.... More »
Royal Bank of Canada – 4 year Closed : 3.39% (0.4%)
– ratesupermarket.ca
Royal Bank of Canada 4 year Closed mortgage rate was changed on July 24, 2013
First Calgary Financial – 5 year Closed : 3.44% (0.25%)
– ratesupermarket.ca
First Calgary Financial 5 year Closed mortgage rate was changed on July 24, 2013
Shop Your Renewal
– canadianmortgagetrends.com
Lenders make a lot more money when they renew your mortgage than on your initial term. That’s partly because they don’t have to compensate anyone for referring you (or compensate…
Spotlight On Mortgages: July 26, 2013
– ratesupermarket.ca
The mortgage interest rate hikes we’ve seen over the past month don’t look to be reversing any time soon; bond yields continue to trend high, and lenders are adjusting their fixed offerings accordingly. The future is looking less certain for homeowners nearing renewal, or first time buyers reassessing their ownership budgets.
Could you still afford your monthly mortgage payments if rates rose by one per cent? Two? Five? It’s vital to know the limits of your mortgage affordability – and how to react should you reach them. Stress testing your mortgage identifies areas of financial weakness, and a glimpse at possible new budgeting requirements. Here are a few ways to put yours to the test.
Ask “What If?” With Your Rate
Perhaps you’re a savvy homeowner who snapped up one of the record low mortgage rates seen last year – at their lowest, we saw lenders dip their five-year fixed rates as far as 2.62 per cent in April! If you’ve locked in at such a bargain, you certainly deserve a pat on the back… but don’t get too used to it…
First Calgary Financial – 4 year Closed : 3.09% (0.2%)
– ratesupermarket.ca
First Calgary Financial 4 year Closed mortgage rate was changed on July 24, 2013
