Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Splitting condo ownership fairly with your partner Jan 11th
Q: My girlfriend of three years and I are moving in together in the new year, once I close my condo sale. We both agree about my going on title, and I am hoping to also pay down some of her outstanding mortgage with some of my proceeds, and together we would also be splitting the mortgage payment.... More »
Mortgage seekers wonder: broker or bank? Apr 24th
Home buyers contemplate the broker one-stop-shop approach, versus a broader financial picture with their bank
.... More »
Mortgage Amortization: Should You Go Long or Short? + MORE Aug 31st
If you’re in the market for a new home you probably understand the different mortgage options. But what about amortization? Should you go short or long on your amortization, and what impact does it have on your finances?
The most common amortization is 25 years. If you have at least a 20 percent .... More »
Housing starts stable in 2023, but demand still outpaces growing supply of apartments + MORE Mar 28th
The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartments—despite demand still outpacing supply for rental housing.
The agency released its biannual housing su.... More »
Variable-rate mortgages regain popularity as Morningstar flags rising risks + MORE Feb 1st
Morningstar DBRS says mortgage portfolios should hold up in 2026 despite a soft housing market, while warning that rising variable-rate use and Alt-A exposure are key areas to watch..... More »
A New Year Rate Hike
– ratesupermarket.ca
It has been a busy start to the new year – mortgage rates are up, stock markets are down, and that holiday credit card bill is looming. Is your wallet feeling the pressure yet? Start your year off with our top tips for paying holiday debt off fast, and catch up on this week’s breaking mortgage and market news.
RBC Hikes Rates for Fixed and Variable Mortgages
Royal Bank of Canada, the nation’s second-largest lender, announced they are hiking rates on a number of their mortgages, to go into effect today. Will the other banks follow suit?
Here’s what you need to know if you already have a mortgage with RBC, or if you’re on the hunt for a new rate.
Read Penelope’s Blog | RBC Hikes Rates for Fixed and Variable Mortgages
A Rocky Start for 2016 Chinese and North American Markets
It hasn’t been a sweet new year start for stocks, as trading sees huge slides due to selloffs in Asia and low oil prices. What do investors need to know?
Read Sean’s Blog | A Rocky Start for 2016 Chinese and North American Markets
So You Overspent During the Holidays… Now What?
Went a little overboard spreading the holiday cheer? If your January credit card bill has you feeling like a scrooge, you’re not alone – and there are ways to pay down that debt, fast…
Have financial resolutions? You need a plan, too
– moneysense.ca
OTTAWA – Increasing retirement savings, reducing debt or putting away more for your child’s education may be on your list of new year resolutions, but to make them more than wishful thinking you need a plan.
To help make your financial new year’s resolution stick, portfolio manager Amy Dietz-Graham of Bank of Montreal says to make it automatic.
Whether it is increasing the amount you save or paying off that last stubborn balance on a line of credit, she suggests setting up regular payments.
“Then it is not something that you have to think about,” she said.
“It takes a lot of the pressure off of you having to constantly remind yourself to keep on top of a resolution. Just make it automatic.”
Fix your money problems and get #MoneyFit »
Dietz-Graham’s new year resolution is to start saving to buy a cottage with her husband. It will take more than 2016 to reach their ultimate goal, but she has set a target for their savings for the year.
She said it’s important to set specific goals so that progress can be measured…
To help make your financial new year’s resolution stick, portfolio manager Amy Dietz-Graham of Bank of Montreal says to make it automatic.
Whether it is increasing the amount you save or paying off that last stubborn balance on a line of credit, she suggests setting up regular payments.
“Then it is not something that you have to think about,” she said.
“It takes a lot of the pressure off of you having to constantly remind yourself to keep on top of a resolution. Just make it automatic.”
Fix your money problems and get #MoneyFit »
Dietz-Graham’s new year resolution is to start saving to buy a cottage with her husband. It will take more than 2016 to reach their ultimate goal, but she has set a target for their savings for the year.
She said it’s important to set specific goals so that progress can be measured…
