Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
How's my rate? + MORE Feb 1st
You’re two years into your mortgage term. You’ve got a great rate, or so you thought? But now you aren’t sure. With so much talk about record low interest rates, you begin to question. Maybe there’s a better deal out there? Did you choose the right product and lender? Has you.... More »
Reverse mortgages are on the rise, but are they the right choice? Feb 21st
The number of reverse mortgages has surged recently. Experts caution it’s worth exploring all other options first, like lines of credit and downsizing..... More »
The Latest in Mortgage News – 2018 Forecasts Dec 27th
It can be a chore to stay on top of the latest mortgage news these days, particularly given the barrage of forecasts and predictions for housing markets in 2018. Unsurprisingly, the majority of forecasts for the year ahead have focused on OSFI’s new mortgage rules, including the mortgage stres.... More »
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 »
Latest in Mortgage News: Newton Launches Rate Search Engine “Discovery” + MORE Oct 13th
Newton Connectivity Systems this week launched its new broker rate search engine, Discovery. The system, which also serves as a rate distributor for lenders, promises to improve efficiency and the quality of service brokers can provide to their clients, Kevin Dear, VP of Broker Experience at Newton,.... More »
Are You Set For Holiday Debt?
– ratesupermarket.ca
With Halloween in the rearview, you’ve likely noticed your favourite retailers have gone full-on festive. With the motivation to spend on every street corner, this is an especially expensive time of year for many families. Factor in an ultra-low Canadian dollar, and it may be tougher than ever to avoid the red this holiday season.
Read on for the full story.
T’is The Season For a Rate Hold
Fixed mortgage rates are in for a slight uptick this month, according to our expert Mortgage Rate Outlook Panel. What does that mean for you if you’re on the market? Check out our full November forecast.
Read Penelope’s Blog | T’is the Season For a Rate Hold
The Low Loonie Won’t Stop 2015 Holiday Shoppers
The Canadian dollar may be at an 11-year low, but that’s not hampering holiday shoppers. A recent report from MonerisMetrics finds the year’s highest sales volumes are still to come, with consumer confidence as high as ever. What are we spending the most on? Read on for the full story…
Is Canada’s Inflation Target In For a Change?
– ratesupermarket.ca
Most homeowners – and would-be homeowners – know that the Bank of Canada (BOC) regularly makes announcements about its benchmark “Key Interest Rate.” Those are the days when we find out if the interest rate on variable mortgages is going up, down, or staying the same.
But the BOC also manages Canada’s inflation target – and may be considering a shakeup in order to cope with today’s recovering economy.
The 2 Percenters
If you missed Economics 101, inflation refers to the rising cost of consumer goods over time. In a healthy economy, prices rise almost imperceptibly, so consumers don’t really notice any negative impact from the cost of their cup of coffee going up a dime or that heating their home is a few dollars more a year. But if inflation rises too fast, people’s spending power diminishes drastically. In one of the most extreme cases of “hyperinflation,” over a four-year period in the early 1920s, the value of German currency went from about 90 marks to the U…
New Light on Mortgage Exposure
– canadianmortgagetrends.com
If the housing market blows up, how much are we on the hook for as taxpayers? That’s a question that housing skeptics have asked since the peak of the financial crisis. And in a speech yesterday, CMHC CEO Evan Siddall provided the closest thing we’ve seen to an answer. CMHC has heavily invested in stress testing its default insurance business, he said. The agency has considered virtually all plausible doomsday scenarios (global deflation, lingering $35 oil, a 9.0-magnitude earthquake in Vancouver, etc.), and even non-plausible ones including a “zombie apocalypse,” Siddall jested. The hypothetical disaster scenario CMHC settled on was READ MORE
