Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Fixed-rate borrowers face up to 20% payment hikes at renewal, BoC warns Jul 23rd
Bank of Canada data shows fixed-rate borrowers face the steepest payment hikes this year and next, but not all mortgage holders are in the same boat.... More »
Refinancing is good for more than just mortgage rates + MORE Jan 10th
Ultra-low mortgage rates aren't just benefiting homebuyers. Current homeowners looking to save money on their monthly mortgage payments are taking advantage of low interest rates by refinancing. However, saving on mortgage rates isn't the only reason to consider refinancing. The act of .... More »
Should you get a fixed or variable-rate mortgage? Why the usual advice may no longer apply Mar 17th
After more than a decade of variable rates coming out on top, experts say fixed mortgage rates may have hit bottom and are already starting to climb..... More »
Spring mortgage wars start early as Meridian offers 1-year deal at 1.69% + MORE Feb 3rd
Alternative lender Meridian has launched the first shot in the spring mortgage wars with a one-year fixed mortgage rate of 1.69 per cent..... More »
Will Fixed Mortgage Rates Rise? Canadians Think So Apr 22nd
The Bank of Canada may have kept its key interest rate at one per cent for the 29th consecutive time last week, but Canadians are still expecting rising fixed mortgage rates, according to a recent CIBC poll.
The survey, conducted by Nielsen, found 47 per cent of Canadians anticipate mortgage rates .... More »
What is the “Best Mortgage Rate” ?
– canadianmortgagetrends.com
It’s not synonymous with the “lowest mortgage rate.” The best mortgage rate corresponds to the mortgage and advice that saves (and in some cases makes) you the most amount of…
Tips on how to reduce your mortgage penalty
– canadamortgagenews.ca
Interest rates are still near record low levels. You’ve heard your co-workers, friends or family brag how lucky they were to renew into these once in a lifetime rates. But how you do you take advantage? If you break your fixed rate mortgage then you face an enormous prepayment penalty…we’ve seen reports of $10k, $15k, […]
Ottawa-area builders slowed the pace of new home construction in October, which is typically a slower month for home builders. According to Canada Mortgage and Housing Corp., Ottawa-area builders started construction on a total of 572 new homes in October, a drop from the 642 new homes they started building in September.
