Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
They’re both 25 and make $262,000. This couple wants to pay off their mortgages and spend more on travel. How do they start? Feb 4th
Ace and Ada know they make a lot money for people their age, but it came out of “sweat and tears” and following in the footsteps of immigrant parents. Now they want to know how to spend it..... More »
Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada May 19th
The Bank of Canada says it it concerned about the ability of households to service their debt, particularly as mortgage holders are facing payment increases of up to 40% at renewal..... More »
BMO lowers 5-year fixed mortgage rate to 2.79% + MORE Mar 17th
Bank of Montreal said Tuesday it is lowering the interest rates on its five-year, fixed-term mortgage, effective immediately, to 2.79%.... More »
The best way to fund your retirement + MORE Sep 7th
Q: I am 66 and retired with no defined benefit pension – just CPP and OAS. I do have RRSPs, both in savings and in mutual funds. I own my own home and it’s mortgage-free. I have some TD shares and Bell shares which are not within the RRSP portfolio.
My question is…in the future when I.... More »
Buying a home? Here’s how to decide how much to put down Oct 22nd
Should you put the minimum down, leaving you more for moving expenses or the maximum to reduce your mortgage payments?.... More »
Q1 2015 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
Canada’s big banks defied expectations for first-quarter earnings, despite the collapse in oil prices and its spinoff effects on consumer credit. In their conference calls, the banks addressed concerns about their exposure to Alberta’s housing market. They reassured analysts that they are actively stress-testing their portfolios given the possibility for sustained low oil prices and increasing unemployment in the province. “We have determined that the potential losses would still be manageable and within our risk appetite,” said one executive at RBC, which has 19% of its portfolio in Alberta. RBC was also in the hot seat for leading the banks in only READ MORE
$22,500 savings by breaking mortgage and getting into today’s low rates!
– canadamortgagenews.ca
A few weeks ago, I posted an article about one of my readers that had the potential to save $15,000 by breaking the mortgage and getting into a new 5 year fixed rate. This was a net savings. The actual savings was just over $20,000 less the penalty of $5,000. This week, we had […]
