Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Q4 2019 Bank Earnings – Mortgage Morsels + MORE Jan 11th
Profits were down among the big banks in what has been called a “bleak” fourth-quarter earnings season. It was the weakest earnings growth since 2016, particularly for the likes of TD and CIBC, who saw their net income fall 3% and 6%, respectively, compared to last year. TD President and.... More »
Can a first-time home buyer have a mortgage co-signer? + MORE Sep 17th
If you’re in the market for your first home but need help coming up with the financing, you do have some options, including asking someone to co-sign the mortgage. Involving a third party is probably not what you envisioned for home ownership, but recent interest rate hikes and rising real estate .... More »
Top Canadian Credit Card Issuers Cut Interest Rates and Pause Planned Hikes Apr 13th
The COVID-19 pandemic has swept many Canadians into unanticipated financial uncertainty. Mass temporary layoffs and job losses have left hundreds of thousands of people wondering how they are going to pay their rent and credit card bills in the coming months.
While the federal government is taking .... More »
Mortgage brokers: Are you asking the right questions when choosing a mortgage brokerage? + MORE Aug 7th
As a mortgage broker, you negotiate tirelessly to secure the best rates and terms for your clients. But have you applied the same diligence to selecting your brokerage?.... More »
Life Insurance vs. mortgage insurance: Let’s break it down + MORE Mar 20th
Life insurance can be a necessity for ensuring your loved ones are taken care of after you’re gone. It can help them pay for funeral expenses, the costs of everyday living and much more. But one of life insurance’s main advantages is that it can pay off outstanding debts, including a mortgage. S.... More »
How To Be A Landlord: Tips From My First Year
– ratesupermarket.ca
Earlier this month I celebrated my one year anniversary as a landlord and homeowner. Homeownership has always been a personal dream. Ever since an early age I knew I wanted to pay my own mortgage, and not someone else’s by renting instead of buying.
When I decided to purchase a house in Toronto, one of Canada’s most expensive cities, I had to make a tough decision. I could go the less costly route and purchase a condo, or I could be more ambitious and purchase a house, but with a slight catch – I would have to rent out the upstairs. After thinking long and hard, I decided homeownership was the right choice. Not only did I become a first-time home buyer, but in one fell swoop I also became a first-time landlord – no small feat. Wondering how to be a landlord? Now that I have a year under my belt, here are some of my top tips for others considering the addition of tenants.
Treat Your Tenants Right
Buying a house is no small accomplishment. You’ve worked hard to purchase a house in a nice neighbourhood and you want your tenants to treat your property with the same respect…
Caisse Financial Group – 5 year Closed : 3.24% (0.25%)
– ratesupermarket.ca
Caisse Financial Group 5 year Closed mortgage rate was changed on August 31, 2013
Home prices continue upward trend
– canequity.com
It seems that recent good news regarding the Canadian real estate market wasn't an isolated incident, as new data shows home prices are on the rise.
According to the Teranet-National Bank house price index, home prices increased 2 percent overall on a year-over-year basis during May. This comes after a 2 percent gain in home prices during April, creating a pattern of slow but steady growth.
Seven of the 11 cities across the country tracked by the index saw prices moving up above the national average. Quebec City saw a rise of 6.5 percent, while Calgary and Hamilton each saw an increase of 5.8 percent. Winnipeg saw prices rise 4.6 percent, Edmonton experienced an increase of 4 percent and Toronto showed gains of 3.9 percent.
On a month-over-month basis, prices rose 1.1 percent during May.
Month-over-month gains were led by Calgary, which saw a 2.3 percent increase in home prices when compared to April. According to Richard Cho, senior market analyst in Calgary for the Canada Mortgage and Housing Corporation, this increase can be attributed to limited inventory…
According to the Teranet-National Bank house price index, home prices increased 2 percent overall on a year-over-year basis during May. This comes after a 2 percent gain in home prices during April, creating a pattern of slow but steady growth.
Seven of the 11 cities across the country tracked by the index saw prices moving up above the national average. Quebec City saw a rise of 6.5 percent, while Calgary and Hamilton each saw an increase of 5.8 percent. Winnipeg saw prices rise 4.6 percent, Edmonton experienced an increase of 4 percent and Toronto showed gains of 3.9 percent.
On a month-over-month basis, prices rose 1.1 percent during May.
Month-over-month gains were led by Calgary, which saw a 2.3 percent increase in home prices when compared to April. According to Richard Cho, senior market analyst in Calgary for the Canada Mortgage and Housing Corporation, this increase can be attributed to limited inventory…
Caisse Financial Group – 3 year Closed : 2.89% (0.2%)
– ratesupermarket.ca
Caisse Financial Group 3 year Closed mortgage rate was changed on August 31, 2013
September Fixed Mortgage Rates To Remain Steep As Bond Yields Climb
– ratesupermarket.ca
RateSupermarket.ca Expert Panel Points To Economic Policy Unease Among Global Investors
September 3, 2013: Toronto, Ontario – An autumn crispness may be creeping into the air but there’s no cooldown anticipated for bond yields, the main driver of fixed mortgage rates. The new highs hit during the month of August are anticipated to continue throughout September as investors react to a potential withdrawal of U.S. economic stimulus. This will prompt lenders to respond with a hike to their fixed rate offerings. Variable rates, however, are to remain unchanged as Canadian economic growth remains below the benchmarks required to raise interest rates.
Fixed Mortgage Rates: Up
Global bond investors continue to react negatively to the possibility of a quantitative easing scale back in the U.S. This has impacted Canadian bond yields in turn, which hit new highs in the month of August, and are not anticipated to moderate in the short term. This will prompt lenders to increase the price of their fixed mortgage rates…
