Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Canadian Mortgage Rates On The Rise, Threatening Housing Market: Experts + MORE Nov 25th
In the long-running debate over whether or not Canada has a housing bubble, there was one thing almost all experts agreed on: Low interest rates are one of the major things — if not the major thing — holding up Canada's high house prices.
Well, that pillar now appears to be evaporating. Interes.... More »
OSFI unlikely to tweak the mortgage stress test tomorrow + MORE Dec 16th
Canada's banking regulator is set to announce the results of its annual review of the mortgage stress test's minimum qualifying rate on Thursday..... More »
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 »
Invest or pay off debt: A comprehensive guide for Canadians + MORE Jan 17th
Your net worth is calculated by taking your assets and subtracting your liabilities. Both investing and repaying debt can boost your net worth as a result. The question is: which is better? In our guide about paying off debt versus investing, we cover the options from a number of different perspecti.... More »
Borrowers to “feel the strain” of high interest rates for several quarters to come, says BoC Apr 13th
High mortgage rates are taking a bite out of borrower's budgets, and the Bank of Canada says they will continue to "feel the strain" for several more quarters to come..... More »
Mortgage Careers of the Week
– canadianmortgagetrends.com
Company: TMG The Mortgage Group Position Titles: Mortgage Professionals Licences or Registrations Required: Mortgage Broker in B.C. Course must be completed. Location of Positions: Victoria, B.C. Applicants may contact: To…
Fall In Love With A Record Low Mortgage Rate
– ratesupermarket.ca
RateSupermarket.ca Expert Panel Says Fixed Rates Could Be In For A February Dip
Valentine’s Day may be over, but February still holds the possibility of record low mortgage rates – and what’s not to love about low monthly payments?
Fixed mortgage rates have the capacity to drop this month, as bond yields have trended lower during January and the start of February. Variable rates, however, aren’t expected to budge as the Bank of Canada sticks to the status quo on growth and inflation benchmarks.
Low Rate Alert! The 2.99% fixed rate is back! Click below for details.
Fixed Mortgage Rates: Down
Bond yields have trended lower over the month of February, prompting some lenders to lower their five-year fixed mortgage rates to as low as 2.99 per cent. As long as unstable market factors linger, the possibility of further rate reductions remain.
Variable Mortgage Rates: Unchanged
Despite a weaker Canadian dollar, it’s unlikely that the Bank of Canada will take the opportunity to raise its central interest rate; growth and inflation levels are still far below their benchmarks…
Peter Aceto on ING Direct’s Mortgage Strategy
– canadianmortgagetrends.com
When Scotiabank bought ING Direct Canada in 2012, people wondered about the implications for ING’s mortgage business. Scotia is a dominant force in the mortgage business, being one of the…
