Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
New joint venture creates one of Canada’s largest independent mortgage platforms Feb 4th
The newly formed OIM Group brings together two growing brokerages to create a national, multi-brand platform spanning underwriting, technology and alternative lending..... More »
The State of the Mortgage Market: 2020 + MORE Mar 14th
Mortgage Professionals Canada has released its latest State of the Mortgage Market report today, which is chock full of new stats and insights into the Canadian mortgage market. Despite regular headlines about rising home prices and overvaluation in the country’s largest centres, the report fi.... More »
Should you pay off your mortgage early? + MORE Dec 17th
Let’s face it, we all dream of a debt-free life, and paying off your mortgage can be a big part of that. Even if it’s a distant goal, it’s fun to imagine the financial freedom that comes with settling one of life’s biggest loans—your mortgage.
You’re 2 minutes away from getting the be.... More »
Unsure about buying a home? Why you should open an FHSA now anyway Dec 12th
Buying a home in Canada hasn’t been easy in recent years, but thanks to recent changes to mortgage rules, falling interest rates and more cuts expected in the months ahead, many prospective home owners are feeling freshly optimistic. It all starts with a down payment, though—and the bigger, the .... More »
Should you buy a vacation property? + MORE Aug 27th
The benefits of owning a vacation property are obvious. A cottage, cabin, condo or trailer a short drive from your home can provide a quick weekend recharge. A property down south can serve as a regular vacation destination or extended winter stay for a snowbird.
There are many emotion-driven reason.... More »
Meridian CU Keeps VRMs Interesting
– canadianmortgagetrends.com
Numerous lenders trimmed their variable-rate discounts last week, lifting rates anywhere from 5 to 15 basis points. Higher short-term funding costs are largely to blame. Have a look at this chart of 12-month bankers’ acceptances (BAs), which roughly correlate with lenders’ projected funding costs for variable-rate mortgages. BA rates usually rise when traders expect Bank of Canada rate hikes. That’s not the case here. Instead, BAs have risen in the face of higher perceived credit risk. Since August 24, when the Chinese stock market crash rattled financial markets worldwide, the 12-month BA rate is up 10 bps. Even the 1-month BA, READ MORE
No October Scare in Sight for Mortgage Rates
– ratesupermarket.ca
RateSupermarket.ca’s Expert Panel Calls for Fixed and Variable-Rate Consistency
Looking to buy a home in the off-season? The approach of the holidays may slow buyers’ voracious real estate appetites, but this summer’s sizzling rates are expected to stick around. A consistent bond market leads the way for low fixed rate offerings, while the Bank of Canada is expected to sit tight on the variable cost of borrowing this month.
Fixed Mortgage Rates: Unchanged
Mortgage season is beginning to slow and with it, lenders’ competitive practices – but that doesn’t mean fixed rates are in for a hike. Non-action from the U.S. Federal Reserve has left Canadian bond yields within a very tight range, meaning lenders can continue to offer this seasons’ great discounts. Buyers will still access historically low rates for their mortgages over the coming month.
Variable Mortgage Rates: Unchanged
Canada may have experienced a recession in the first half of the year, leading the Bank of Canada to cut interest rates twice since January…
Looking to buy a home in the off-season? The approach of the holidays may slow buyers’ voracious real estate appetites, but this summer’s sizzling rates are expected to stick around. A consistent bond market leads the way for low fixed rate offerings, while the Bank of Canada is expected to sit tight on the variable cost of borrowing this month.
Fixed Mortgage Rates: Unchanged
Mortgage season is beginning to slow and with it, lenders’ competitive practices – but that doesn’t mean fixed rates are in for a hike. Non-action from the U.S. Federal Reserve has left Canadian bond yields within a very tight range, meaning lenders can continue to offer this seasons’ great discounts. Buyers will still access historically low rates for their mortgages over the coming month.
Variable Mortgage Rates: Unchanged
Canada may have experienced a recession in the first half of the year, leading the Bank of Canada to cut interest rates twice since January…
