Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Toronto and Vancouver mortgage arrears set to hit highest levels in 10 years, CMHC warns + MORE Nov 15th
Mortgage arrears in Toronto and Vancouver are on track to rise to levels not seen in over a decade, according to a new forecast from Canada's housing agency..... More »
Mortgage affordability calculator + MORE Nov 19th
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Mortgage affordability is an essential part of setting up your home-buying budget, and it’s based on a many factors—more on those later. If you’re looking to buy a home, one of the first things you’ll want to know is your mortgage affordability. And for that, you should start.... More »
Home ownership rate in Canada on the decline: census + MORE Oct 28th
OTTAWA — Not everyone wants to own a home these days, Evan Siddall concedes — not even his own millennial-age son. For the head of the Canada Mortgage and Housing Corp., that’s really saying something.
But Siddall’s experience is far from uncommon, the latest census figures show: 3.... More »
Being hooked on debt has long-term consequences + MORE May 24th
Hooked on debt. It’s an apt description for the rising debt-to-income levels currently seen in Canada and a new survey by Manulife Bank highlights there’s a high price to our debt dependency—a cost that goes far beyond the low interest rates you see posted online.
Impact on those approach.... More »
Mortgage renewal calculator + MORE Aug 18th
When it’s time to renew your mortgage, you can either stay with your current lender or shop around for a new one that offers a lower interest rate or different . Using a mortgage renewal calculator can help you pick the best mortgage offer available to you at the time of renewal.
.... More »
3 tips for getting the best mortgage this spring
– moneysense.ca
MoneySense contributor Bruce Sellery offers three tips on buying a home this spring. It’s not just about finding the perfect home, it’s also about finding the perfect mortgage and calculating how much you can really afford.
Ask Home Owner columnist Romana King your real estate question »
Ask Home Owner columnist Romana King your real estate question »
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Read more from Romana King at Home Owner on Facebook »
The post 3 tips for getting the best mortgage this spring appeared first on MoneySense.
Lenders Call a Truce on Spring Mortgage Rate Wars
– ratesupermarket.ca
April historically marks an uptick in mortgage price competition as brokers and banks march out their most attractive interest rates – but with today’s fixed and variable rates already at record lows, lenders are engaging in fewer price skirmishes. However, spring mortgage borrowers are sure to be laughing all the way to the bank as low bond yields have pushed fixed rates far below last year’s discounts, and no move is expected from the Bank of Canada on the national cost of borrowing.
Click here for the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Remember when the 2.99-five-year-fixed whipped the market into a frenzy? It was just a few seasons ago, but the days of frantic basis-point buybacks seem long past. With today’s most competitive five-year fixed offerings hovering around the 2.30% mark for months – a mere 20 basis-point difference from today’s lowest variable options – lenders are taking a more relaxed approach to their spring pricing.
Bond yields, which have stayed stagnant and below the 1% threshold, are to blame for the lack of mortgage price movement and will stay at status quo; The U…
Click here for the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Remember when the 2.99-five-year-fixed whipped the market into a frenzy? It was just a few seasons ago, but the days of frantic basis-point buybacks seem long past. With today’s most competitive five-year fixed offerings hovering around the 2.30% mark for months – a mere 20 basis-point difference from today’s lowest variable options – lenders are taking a more relaxed approach to their spring pricing.
Bond yields, which have stayed stagnant and below the 1% threshold, are to blame for the lack of mortgage price movement and will stay at status quo; The U…
