5 Quick Reasons Why You Should Buy a Home Now During the Off-Season + MORE Jan 11th

Interested in learning more about property mortgages in Canada? Look no further!
Latest News

Winding down self-employment and planning for retirement Aug 18th

Q. I am a 60-year-old female, working full-time employed/self employed on a 100% commission basis and averaging between $107,000 and $140,000 gross annual income. I own my home, with a $70,000 balance left on my mortgage. My mortgage payment (not including property taxes) is $457 biweekly. The curre.... More »
 property

Affordability tips for first-time home buyers to securing a mortgage + MORE Oct 29th

Q. My partner and I rent a two-bedroom apartment in Toronto in a great neighbourhood for $1,850 a month—so, a great deal. We have been living together for three years and would like to buy a house together next year, when we both turn 30. Get the mortgage rate that works for you.Find the bes.... More »

Chartered Banks Saw a Surge in Uninsured Mortgage Origination in Q3: CMHC Jan 28th

Chartered banks saw mortgage originations grow by 11% in the third quarter, a growing percentage of which were uninsured mortgages. Comparatively, non-bank lenders, including mortgage finance companies, trusts and insurance companies, saw mortgage activity rise 4%, according to the Canada Mortgage a.... More »
 home

How not to overspend on your next car Apr 19th

Car-buying case study: Melissa and Dave A car is the second-largest purchase you’ll ever make in your life, and you’re likely to make it many times over. Yet, unlike the home-buying process where you might have the professional assistance of a Realtor, mortgage broker, lawyer, and Certified Fina.... More »

The Latest in Mortgage News: Canadians Divided Over Home Price Expectations Jan 4th

Following a record year of home price increases, Canadians remain divided over where they expect (and hope) prices will go from here..... More »
5 Quick Reasons Why You Should Buy a Home Now During the Off-Season
Though the real estate market is nowhere as hot as it was, let’s say, two years ago, the fact of the matter is that home prices are going down, and some people are still looking to buy. Rising interest rates and a stricter mortgage stress test may have led to a decline in affordability, but if you’re still hoping to move in 2019, this may be your time to buy before another interest rate hike – and according to our experts, we may see two to three more this year.
Fall and winter are often considered less desirable times of the year to search for that perfect home. Many home buyers prefer the hustle and bustle of the spring market, plus moving during the summer months means fewer interruptions to school and work schedules. But there are advantages to waiting until the quieter months of fall and winter that may make you change your mind. Here are some of the benefits of buying a home during the off-season:
Less competition
This is easily the best part about shopping during the off-season…

Continue Reading On ratesupermarket.ca »

Bank of Canada Holds Rates in First Announcement of 2019; Oil Prices a Big Factor
In its first announcement of the year, the Bank of Canada decided to hold its overnight rate at 1.75 per cent. It’s also lowering its growth forecast this year for Canada and around the world.
The Bank gave several reasons for its decision to keep rates steady – most notably drawing attention to low oil prices and the continuing international trade conflicts, and showing that not much has changed globally since the last announcement. However, this language used in this announcement is quite dovish compared to what we were hearing earlier in 2018. Forecasters are now predicting only two rates hikes this year, even though they previously predicted we would see as many as three rates hikes in 2019.
Rising interest rates and a stricter mortgage stress test may have led to a decline in affordability, but if you’re still hoping to move in 2019, this may be your time to buy before another interest rate hike. Find the best rates from Canadian lenders and mortgage brokers at RateSupermarket…

Continue Reading On ratesupermarket.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!