Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Could Canada’s Housing Market Be Undervalued? + MORE Mar 20th
Canada’s housing market is trapped within a high-priced bubble, vulnerable to interest rates, global instability and rising debt: this is one of the most widely accepted truths regarding Canadian housing, touted by many a headline and economic pundit.
However, the idea that Canada’s market is a.... More »
2018 – Year in Review Jan 2nd
We’re about to turn the page on 2018, and many may feel not a moment too soon. Climbing fixed rates weren’t the only thing making mortgages less accessible in 2018. This was the first full year to measure the impacts of new federal mortgage rules. Provincial policies in B.C. and Ontario also.... More »
Making sense of the markets this week: September 24, 2023 + MORE Sep 23rd
Allan Small, Senior Investment Advisor at the Allan Small Financial Group with iA Private Wealth, shares financial headlines and offers context for Canadian investors.
No surprise: Canada’s inflation rate ticked up in August
Canada’s annual inflation rate jumped to 4% in August, up from 3..... More »
High rent, mortgage rates keeping upward pressure on inflation Jan 19th
Canada’s inflation rate continued to ease in December, despite upward pressure from rising rents and mortgage interest costs. The Consumer Price Index eased to an annual growth rate of 6.3% last month, thanks largely to a decline in gas prices. That’s down from 6.8% in November and what .... More »
Is this part-time teacher on track to retire in 9 years? + MORE Dec 18th
Sarah Press is 41 years old and working as a part-time teacher in Toronto. She also has what she calls some “side gigs” cleaning houses so that she can earn additional income that she hopes will allow her to retire at 50 on a reduced pension. “My true retirement age with the school board is 5.... More »
Spotlight On Mortgages: November 22, 2013
– ratesupermarket.ca
Despite recent reports of overvaluation and the inevitability of a rate rise, the head of the Bank of Canada has a rosy outlook – Governor Stephen Poloz announced his optimism for a balancing market and growing economy in this week’s Senate economic update.
Poloz stated that housing market bubble fears are unfounded, and that any major pricing correction would be due to an external global economic crisis. He added he’s confident home prices will stabilize, while acknowledging market imbalance and high household debt levels continue to be a concern.
His stance is in stark contrast to the warnings published this week by the Organisation of Economic Co-Operation and Development, which called for a 2.25 per cent central rate increase by the end of 2015. Poloz stated he “respectfully disagrees” with the Paris-based think tank’s findings, saying that with a current bank rate at one per cent, and inflation still below its two per cent benchmark, there’s still significant slack before a rate hike is necessary…
Mortgage Careers of the Week
– canadianmortgagetrends.com
Company: Equitable Bank Position: Regional Business Manager (Single Family Residential) Years of Experience Required: Minimum 3-5 years Licences or Registrations Required: AMP designation is an asset Location of Position: Montreal,…
