Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Financial Services Commission of Ontario + MORE Nov 4th
Company: FSCO Position: Compliance Officers Location: Toronto, ON Compliance Officers Do you demonstrate sound knowledge of market conduct assessment principles, combined with exceptional customer service and financial analysis skills? Then consider these opportunities with the Financial Services Co.... More »
RBC Examines Price Growth Triggers + MORE Aug 1st
Many an armchair analyst has speculated on the factors behind Toronto and Vancouver’s runaway home values. And now, a recent study by RBC Capital Markets brings more data to the table. According to its report, home prices increased at a compound rate of 5.6% annually from 1999 to 2015 i.... More »
Mortgage Digest: Bond yields whipsaw, but fixed rates still have room to fall + MORE Apr 12th
Canadian bond yields have swung sharply in recent weeks, adding uncertainty to the outlook for fixed mortgage rates..... More »
Mortgage Career: FSCO + MORE Oct 23rd
Company: FSCO Position: Senior Compliance Officers Location: Toronto, ON Senior Compliance Officers one temporary (up to six months) two temporary (up to 12 months) The Financial Services Commission of Ontario (FSCO) is seeking individuals with exceptional operational experience, analytical skills a.... More »
Beyond home prices: What the new CMHC affordability index reveals about Canada + MORE Apr 24th
Take a look at just about any housing affordability index in the country and you’ll notice something pretty quickly: they almost always focus exclusively on home prices and mortgages. Rental units simply aren’t included.
The Canada Mortgage and Housing Corporation (CMHC) has acknowledged this.... More »
Bank of Montreal – 6 year Closed : 6.19% (0.4%)
– ratesupermarket.ca
Bank of Montreal 6 year Closed mortgage rate was changed on September 14, 2013
Spotlight On Mortgages: September 20, 2013
– ratesupermarket.ca
Defying expectation became a common theme this week, as a number of mortgage market factors took economists by surprise. On the home front, the Canadian Real Estate Association announced upward revisions to its 2013-2014 resale housing forecast, as market activity has been busier than expected.
Originally, CREA had forecasted a slower start to the year, taking into account buyers deferring their home purchases due the affordability restrictions put in place by OSFI last summer, predicting they would re-enter the market during a stronger 2014. Instead, we’re seeing the results of a rate hold phenomenon late in the year; buyers who locked into pre-approved rates up to 120 days ago (during a lower interest rate environment), are now rushing into the market before their deals expire.
Sales Just Won’t Slow
This is contributing to overall higher national sales numbers – expected to reach 449,900 units this year, according to the new forecast. That’s just one per cent lower than 2012 levels – hardly the crash so many have called for in the long term…
Bank of Montreal – 4 year Closed : 4.74% (0.2%)
– ratesupermarket.ca
Bank of Montreal 4 year Closed mortgage rate was changed on September 14, 2013
Flaherty Talks Mortgages With CAAMP
– canadianmortgagetrends.com
Finance Minister Jim Flaherty met Monday in Toronto with the Canadian Association of Accredited Mortgage Professionals (CAAMP). The Minister meets annually with stakeholders such as CAAMP and, as can be…
3 Economic Facts About Canadian Energy Resources
– ratesupermarket.ca
Canada has long been known as an abundant provider of energy resources, from timber and coal to oil and gas; but do you know how dependent our economy is on our resource-rich status? I’ll be the first to admit that even I was in the dark when it came to Canadian energy resources. Here’s a breakdown of how energy affects our overall economy.
Energy Protected Us In The Recession
While the rest of the world, including our once-profitable neighbours to the south, struggle to keep their economies afloat, Canada has somehow managed to weather the financial crisis better than most. Why have we been spared? Experts say that our ability to coast through the crisis was due in part to “sound home mortgage practices” and “prudent federal fiscal management.” These are not my words – they are, rather, the words of Gwyn Morgan from the Globe and Mail. But I agree with them. It wasn’t luck that got us through that mess.
Supporting Exports and Employment
The article points to Canada’s status as one of the world’s largest resource exporters; According to Natural Resources Canada, our energy, mining and forestry sectors generated new capital investment of $95 billion in 2010…
