Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
RBC bracing for renewal impact: three quarters of its mortgages to see higher rates by 2026 Dec 4th
Despite interest rates having been elevated for over a year, Canada's largest bank said the bulk of the impact is yet to be felt with nearly three quarters of its mortgage portfolio coming up for renewal over the next three years..... More »
Can a first-time home buyer have a mortgage co-signer? + MORE Sep 17th
If you’re in the market for your first home but need help coming up with the financing, you do have some options, including asking someone to co-sign the mortgage. Involving a third party is probably not what you envisioned for home ownership, but recent interest rate hikes and rising real estate .... More »
Latest in mortgage news: Borrowers must adapt to ‘new normal’ of higher rates, says Macklem + MORE Jun 17th
Interest rates may slowly start to be easing around the world, but they won't be returning to pandemic levels and borrowers will need to adjust accordingly..... More »
Most mortgage borrowers to see payments rise 34% to 54% vs. early 2022: Bank of Canada + MORE Dec 22nd
If you had a mortgage as of February 2022, chances are you will be facing a payment increase before the end of 2025..... More »
My fellow partisans: How we can yell at each other more thoughtfully + MORE Mar 31st
Jason Lietaer is a conservative strategist and commentator who is the president of the national communications firm Enterprise Canada. He is an aspiring participant of championship parades to be held for the Leafs and Raptors.
Over the past several years, fuelled by the rise of social media and an i.... More »
Investing outside RRSPs and TFSAs
– moneysense.ca
Getty ImagesQ: After I max out my RRSP and TFSA contributions, what can I invest in?—Dale
A: Congratulations on maxing out your RRSP and TFSA, Dale. Statistics show that there’s a lot of unused RRSP and TFSA room in Canada, so maxing yours out is no small feat.
Depending on your situation, there are a few other options you should consider for your savings.
Are you debt-free? If not, I’d consider paying down your remaining debt (including the mortgage) before investing. Debt repayment is an investment with a guaranteed return and that return will rise as interest rates increase. Plus your non-registered investment income is taxable, meaning you keep less of your returns compared to those in your RRSP and TFSA.
Do you have kids? Consider maxing out their RESPs to help save for their post-secondary education costs. Depending on your financial situation, if they’re over the age of 18, you might even consider making contributions to their TFSA accounts. Just remember, that money becomes their money…
Quantitative Easing Won’t Spook October Mortgage Rates
– ratesupermarket.ca
RateSupermarket.ca Mortgage Panel calls for unchanged cost of borrowing as U.S. Fed ends bond buying program
There may be big economic developments south of the border, but they’ll fail to shake up Canadian mortgage rates this month. Fixed rates are to remain consistent as bond yields stick to their trajectory, while the variable cost of borrowing is unphased by the end of the U.S. Fed’s bond buying program; policy makers in both countries insist there is no imminent change for central rates.
Fixed Mortgage Rates: Unchanged
Government of Canada bond yields have remained consistently low since the summer months, with no significant reaction to recent events affecting economic stimulus measures in the U.S. There’s no expectation that fixed mortgage rates will move in either direction for the coming month.
Variable Mortgage Rates: Unchanged
Even though October spells an end of the U.S. Fed’s quantitative easing taper, policy makers there have been adamant that a rate increase will not follow immediately suit…
There may be big economic developments south of the border, but they’ll fail to shake up Canadian mortgage rates this month. Fixed rates are to remain consistent as bond yields stick to their trajectory, while the variable cost of borrowing is unphased by the end of the U.S. Fed’s bond buying program; policy makers in both countries insist there is no imminent change for central rates.
Fixed Mortgage Rates: Unchanged
Government of Canada bond yields have remained consistently low since the summer months, with no significant reaction to recent events affecting economic stimulus measures in the U.S. There’s no expectation that fixed mortgage rates will move in either direction for the coming month.
Variable Mortgage Rates: Unchanged
Even though October spells an end of the U.S. Fed’s quantitative easing taper, policy makers there have been adamant that a rate increase will not follow immediately suit…
Radius’s New ARM + Monoline Q&A
– canadianmortgagetrends.com
To some brokers, Radius Financial is perceived as just another monoline lender selling plain-Jane insured mortgages. Until now, its shortage of competitive products had a lot to do with that. But Radius took a big step on Monday by adding a range of new mortgages. Headlining its new lineup is a red-hot prime — 0.70% adjustable rate […]
Senior Deputy Governor says lower rates are the new normal.
– canadamortgagenews.ca
In her first public speech as Senior Deputy Governor for the Bank of Canada, Carolyn Wilkins brought some good news to Canadians with mortgages. Interest rates should remain low for some time….. and we can expect lower rates to be the “new normal”. Ms. Wilkins went on to say that “the recovery has had […]
The Fed's Mortgage Favoritism
– online.wsj.com
When the central bank buys private assets, it distorts markets and undermines its claim to independence.
