Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Lender Calls – Q3 Roundup + MORE Dec 21st
Canada’s biggest non-bank lenders have all reported third-quarter earnings. In their earnings calls they outlined how they’re coping with Ottawa’s recent changes to the mortgage qualification and insurance rules. Per usual, we’ve combed through their transcripts in order to se.... More »
Reverse mortgages are cheaper than ever. Should you use one to tap into your home’s equity? + MORE Feb 25th
A reverse mortgage allows you to tap into the rising value of your home without selling it, writes David Aston. But watch out for the penalties and fees..... More »
Now-profitable U.S. housing agencies draw investors + MORE Nov 17th
Activist investor Bill Ackman's company has disclosed stakes in government-controlled mortgage giants Fannie Mae and Freddie Mac, the U.S. federal housing agencies that had to be bailed out by the government in 2008..... More »
Stress Test Impacts Measured + MORE Jul 26th
The government’s latest mortgage rule changes have caused an imbalance between supply and demand in almost every region of the country, and will result in an estimated 200,000 fewer jobs being created over the next three years. Those are among the findings of Mortgage Professionals Canada’s .... More »
What’s better for buying a second home: HELOC or personal loan? + MORE Aug 8th
Ask MoneySense
I am considering taking out a HELOC loan to buy another property. Is this a wise decision, or would a loan be better? My bank advises me that I can qualify for a $400,000 HELOC.
–Caren
When buying a second property, Canadians can choose from a number of financing options, inc.... More »
President's Choice Fin'l – 3 year Closed : 3.59% (0.1%)
– ratesupermarket.ca
President’s Choice Fin’l 3 year Closed mortgage rate was changed on September 25, 2013
President's Choice Fin'l – 1 year Closed : 3.24% (0.1%)
– ratesupermarket.ca
President’s Choice Fin’l 1 year Closed mortgage rate was changed on September 25, 2013
From stock-picker to indexing purist
– moneysense.ca
Emily Li, 29, and her husband, 32, have just $30,000 left on their condo’s mortgage, and in three years or so they want to buy a bigger home. The couple also hopes to retire in their late 50s, and they’re well on their way. They have no consumer debt and their frugal ways have given them a big head start on retirement. Emily is a fan of MoneySense’s Couch Potato strategy and owns a few equity ETFs, but she still holds many individual stocks that would trigger capital gains tax if sold. Is the tax hit worth taking for the peace of mind and better diversification she’d gain from an indexed portfolio?
PWL Capital portfolio manager Justin Bender is a no-nonsense pure indexer and no stranger to the pages of MoneySense. He takes no prisoners when it comes to clients who want to pick their own stocks. In his discussions with Emily, it became clear there were no good reasons for her to own individual stocks, and the one-time capital gains tax of $2,500 was an acceptable trade-off to assemble the kind of set-it-and-forget it Couch Potato portfolio Emily believed she needed…
Spotlight On Mortgages: October 4, 2013
– ratesupermarket.ca
How U.S. Debt Fears Could Lower Canadian Mortgage Rates
Canada is in a unique post-recession position. The fact that our nation weathered the financial crisis better than most and has taken steps toward recovery makes us an attractive option for global bond investors – meaning our cost of borrowing actually benefits from global economic turbulence.
A Boost For The Bond Market
That’s just what’s happened this week, as increasing volatility in the U.S. drove investors back to the shelter of “safe haven” Canadian government bonds, pushing yields slightly but steadily lower in the short term. As of today, five-year bonds are yielding 1.86 per cent, down from 1.89 last week and 19 basis points lower than 2.05 per cent four weeks ago. Ten-year yields are now at 2.54, a 17-point decline from last month’s levels of 2.71 per cent. And, while lenders are much slower to lower their mortgage rates than raise them, we have seen a moderation of five-year fixed mortgages this week, down to 3…
Coast Capital Savings – 4 year Closed : 3.39% (0.14%)
– ratesupermarket.ca
Coast Capital Savings 4 year Closed mortgage rate was changed on September 27, 2013
