Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
What is a mortgage broker? Oct 17th
Mortgage brokers are a highly regulated specialized alternative to Canada’s big banks. But what is a mortgage broker exactly? And, When it comes to the purchase of your home, why would you choose a broker over a mortgage specialist at your bank?
Get the mortgage rate that works for you.Fin.... More »
RateSupermarket.ca Will Become RATESDOTCA Sep 29th
We are excited to announce that RateSupermarket.ca will become RATESDOTCA. Don’t worry, besides a name change, how you compare the best credit cards and mortgage rates will remain the same.
What does this mean for you?
Our name is changing, but rest assured, everything else will remain the same.
.... More »
Understanding mortgage affordability Feb 18th
Let’s talk about mortgage affordability. We know that housing affordability is getting further out of reach for many Canadians. But, what determines mortgage affordability? How is it calculated by financial institutions and lenders? And what hidden costs should potential home buyers fact.... More »
Home prices won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC + MORE May 4th
The Canada Mortgage and Housing Corporation (CMHC) expects home prices to reach a bottom this year, but aren't expected to fall below pre-pandemic levels..... More »
Canadians Ill-Prepared for a Rate Hike; Unprecedented Debt Imminent + MORE Jun 29th
A new report finds Canadians are facing a future where an unprecedented amount of household income will go towards debt servicing.
The Household Indebtedness and Financial Vulnerability report by the Parliamentary Budget Officer is raising concerns on the level of household debt amongst Canadians. .... More »
Ring in 2015 With Last Year’s Record Low Mortgage Rates
– ratesupermarket.ca
RateSupermarket.ca expert panel says sliding oil prices will counter any potential central rate movement
The new year is upon us, but 2014’s mortgage rate pricing remains frozen at record lows. Flat bond yields mean brokers and lenders continue to offer competitively discounted options for winter home buyers and renewals, dipping as low as 2.69 per cent for five-year terms.
Meanwhile, the Bank of Canada remains firm in their “wait-and-see” approach; positive American economic gains won’t prompt a rate rise north of the border as the impact of sliding energy prices acutely affects economic growth.
Fixed Mortgage Rates: Unchanged
Government of Canada bonds remain in high demand among investors, even as oil prices slide and the Loonie weakens. Yields remain low, giving lenders the room to cut fixed mortgage rate pricing. This affordable trend will remain in tandem with positive investor sentiment.
Variable Mortgage Rates: Unchanged
It has been widely expected that Canadian central rates would take their cues from American monetary policy – but the drop in oil has thrown a wrench into such forecasts…
The new year is upon us, but 2014’s mortgage rate pricing remains frozen at record lows. Flat bond yields mean brokers and lenders continue to offer competitively discounted options for winter home buyers and renewals, dipping as low as 2.69 per cent for five-year terms.
Meanwhile, the Bank of Canada remains firm in their “wait-and-see” approach; positive American economic gains won’t prompt a rate rise north of the border as the impact of sliding energy prices acutely affects economic growth.
Fixed Mortgage Rates: Unchanged
Government of Canada bonds remain in high demand among investors, even as oil prices slide and the Loonie weakens. Yields remain low, giving lenders the room to cut fixed mortgage rate pricing. This affordable trend will remain in tandem with positive investor sentiment.
Variable Mortgage Rates: Unchanged
It has been widely expected that Canadian central rates would take their cues from American monetary policy – but the drop in oil has thrown a wrench into such forecasts…
Broker News Flashes
– canadianmortgagetrends.com
Today saw two notable announcements in the mortgage broker industry. #1) Mortgage Alliance/Multi-Prêts Was Bought Out A group led by Luc Bernard acquired all shares of Multi-Prêts/Mortgage Alliance Group, one of the country’s leading mortgage broker companies. The firm’s existing top executives, Pierre Martel and Michael Beckette, were part of that buyout group and will remain […]
