Scare Up Some Savings + MORE Nov 1st

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Can Canadians Stand Up to a Tougher Stress Test? Apr 4th

Buying a home in Canada just got a lot more stressful. Recently, the OSFI’s stress test has become substantially more challenging to pass – and hardly anyone noticed. The qualifying rate is now as high as 6.00%. If it wasn’t hard enough to purchase a home in Canada, now it’s even harder..... More »
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Majority of Canadian Buyers Borrowing Their Maximum Approved Mortgage + MORE Jul 22nd

Soaring home prices over the past year have forced a majority of today's homebuyers to use the maximum mortgage amounts they've been approved for..... More »

National Housing Market Shows Signs of “Moderate” Vulnerability, CMHC Says Sep 26th

At the national level, Canada’s housing market showed “moderate evidence of overvaluation” in the second quarter, according to the Canada Mortgage and Housing Corporation. “The evidence of rising imbalances in some local housing markets coupled with the general weakening of h.... More »
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The interest rate hike is going to leave its mark on Canadian exporters Jul 14th

(Shutterstock) Canada is the second G7 country to embark on the path of normalizing monetary policy. Raising the key interest rate to 0.75 per cent, the Bank of Canada also adopted a bias towards tightening policy over time and reversing the “insurance” rate cuts of 2015. The move bolstered the.... More »
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Canadian real estate market outlook 2015 + MORE Jan 13th

Buy a house. Don’t buy a house. Soft landing. Crash landing. As we start the new year, the question on everyone’s mind is: What can we expect from Canada’s housing market? Once again, experts agree that housing affordability is stretched, historically low interest rates will rise, and housing .... More »

Scare Up Some Savings

– ratesupermarket.ca

Happy Halloween! The ghoulish holiday has arrived, and with it the parties, getups and treats. In fact, a recent study finds Canadians will shell out more this year than before. Is your wallet screaming yet?

And that brings us to another terrifying financial undertaking – choosing your mortgage. The results are in from our Online Mortgage Survey on what YOU need to make the best choice. Read on for the full story.
In Mortgages: The Right Pro is as Important as Price
Home buyers may be turning to online resources to learn more about their mortgage options – but our recent study finds mortgage brokers remain an integral part of the process. In fact, 73 per cent of respondents say connecting with a pro is an absolute must when searching for that perfect mortgage rate. Read on for our findings, and to learn more about how a broker can help you save on your mortgage.
Read Penelope’s Blog | The Right Pro is as Important as Price
In Credit Cards: Could This Be The End of Credit Card Interchange Fees?
Did you know – you pay for credit card swipe fees in-store, even when you pay with cash or debit? Interchange fees have been a point of contention with retailers for years – and now the Conservative government wants credit card providers to lower them – or face a ruling if compromise cannot be reached…

Continue Reading On ratesupermarket.ca »

The Danger of Low-Rate Tunnel Vision

– canadianmortgagetrends.com

Mortgage advisors know that a great rate and a great mortgage are not synonymous. Regular interest expense is only one component of total borrowing cost. But how do you convince consumers of this when rates are the only thing they can easily compare? How do you convey that avoiding potential costs (like high mortgage penalties, refinance restrictions, […]

Continue Reading On canadianmortgagetrends.com »

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