Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Most Canadian Homeowners Unprepared for Financial Shocks + MORE May 27th
It’s common knowledge—or at least it should be by now—that Canadians are carrying worrying levels of debt. The latest reminder of how fragile the situation is comes from Manulife Bank’s Homeowner Debt Survey, which found that 72 per cent of mortgage holders wouldn’t be able to manage a 10%.... More »
Making sense of the Bank of Canada interest rate decision on March 12, 2025 + MORE Mar 13th
Today marks the seventh cut in a row for Canada’s benchmark borrowing rate, as our central bank does what it can to pad against tariff threats and possible recession.
The Bank of Canada (BoC) lowered its overnight lending rate—which lenders use to set their prime rates, and, by extensio.... More »
HomeEquity Bank raises $200M through CHIP Mortgage Trust note sale May 3rd
Oversubscribed issuance underscores investor demand for reverse mortgage-backed funding.... More »
Higher renewal costs test household budgets in Ontario and B.C., says Equifax Sep 13th
Equifax reports that rising renewal costs are testing household budgets, with Ontario and B.C. most exposed, while mortgage growth remains muted..... More »
Canada’s financial consumer watchdog unveils guidelines to support at-risk mortgage borrowers Jul 6th
The country's financial consumer watchdog today unveiled new guidelines urging financial institutions to provide support to mortgage holders who are facing "severe financial stress" and are at-risk of default..... More »
Bank of Montreal – 6 year Closed : 6.19% (0.4%)
– ratesupermarket.ca
Bank of Montreal 6 year Closed mortgage rate was changed on September 14, 2013
Spotlight On Mortgages: September 20, 2013
– ratesupermarket.ca
Defying expectation became a common theme this week, as a number of mortgage market factors took economists by surprise. On the home front, the Canadian Real Estate Association announced upward revisions to its 2013-2014 resale housing forecast, as market activity has been busier than expected.
Originally, CREA had forecasted a slower start to the year, taking into account buyers deferring their home purchases due the affordability restrictions put in place by OSFI last summer, predicting they would re-enter the market during a stronger 2014. Instead, we’re seeing the results of a rate hold phenomenon late in the year; buyers who locked into pre-approved rates up to 120 days ago (during a lower interest rate environment), are now rushing into the market before their deals expire.
Sales Just Won’t Slow
This is contributing to overall higher national sales numbers – expected to reach 449,900 units this year, according to the new forecast. That’s just one per cent lower than 2012 levels – hardly the crash so many have called for in the long term…
Bank of Montreal – 4 year Closed : 4.74% (0.2%)
– ratesupermarket.ca
Bank of Montreal 4 year Closed mortgage rate was changed on September 14, 2013
Flaherty Talks Mortgages With CAAMP
– canadianmortgagetrends.com
Finance Minister Jim Flaherty met Monday in Toronto with the Canadian Association of Accredited Mortgage Professionals (CAAMP). The Minister meets annually with stakeholders such as CAAMP and, as can be…
3 Economic Facts About Canadian Energy Resources
– ratesupermarket.ca
Canada has long been known as an abundant provider of energy resources, from timber and coal to oil and gas; but do you know how dependent our economy is on our resource-rich status? I’ll be the first to admit that even I was in the dark when it came to Canadian energy resources. Here’s a breakdown of how energy affects our overall economy.
Energy Protected Us In The Recession
While the rest of the world, including our once-profitable neighbours to the south, struggle to keep their economies afloat, Canada has somehow managed to weather the financial crisis better than most. Why have we been spared? Experts say that our ability to coast through the crisis was due in part to “sound home mortgage practices” and “prudent federal fiscal management.” These are not my words – they are, rather, the words of Gwyn Morgan from the Globe and Mail. But I agree with them. It wasn’t luck that got us through that mess.
Supporting Exports and Employment
The article points to Canada’s status as one of the world’s largest resource exporters; According to Natural Resources Canada, our energy, mining and forestry sectors generated new capital investment of $95 billion in 2010…
