Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
BREAKING: Ontario Car Insurance Rates Have Increased Oct 16th
Here at RateSupermaket.ca, we keep you in the loop of different ways to save, whether it be on your mortgage, through investments, or on your car insurance. The Financial Services Commission of Ontario (FSCO) has reported that Ontario car insurance rates have increased by 2.06 per cent on average..... More »
Why Canadian investors should avoid MLPs Jan 20th
For better or worse, a sizable group of Canadian investors still screens prospective investments by dividend yield. When that search expands beyond Canadian stocks, it often leads into parts of the U.S. market that look attractive on the surface but are poorly understood.
Common examples include .... More »
Is Rent to Own Housing Ever a Good Idea? Sep 17th
The majority of Canadians are homeowners, and many more want to buy, but not everyone can afford to do so. If you’re one of those who are looking to get into the market and don’t have enough money saved up yet or you currently have poor credit, there’s always the option to rent to own.
Unders.... 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 »
Record Low Mortgage Rates to Resist Economic Uncertainty + MORE Jun 18th
RateSupermarket.ca’s expert panel says global bond fluctuations won’t impact lender discounts
Recent headlines may point to economic unease internationally and at home, but mortgage shoppers can count on ultra-low mortgage rate pricing to last throughout the summer. RateSupermarket.c.... More »
Ring in 2015 With Last Year’s Record Low Mortgage Rates
– ratesupermarket.ca
RateSupermarket.ca expert panel says sliding oil prices will counter any potential central rate movement
The new year is upon us, but 2014’s mortgage rate pricing remains frozen at record lows. Flat bond yields mean brokers and lenders continue to offer competitively discounted options for winter home buyers and renewals, dipping as low as 2.69 per cent for five-year terms.
Meanwhile, the Bank of Canada remains firm in their “wait-and-see” approach; positive American economic gains won’t prompt a rate rise north of the border as the impact of sliding energy prices acutely affects economic growth.
Fixed Mortgage Rates: Unchanged
Government of Canada bonds remain in high demand among investors, even as oil prices slide and the Loonie weakens. Yields remain low, giving lenders the room to cut fixed mortgage rate pricing. This affordable trend will remain in tandem with positive investor sentiment.
Variable Mortgage Rates: Unchanged
It has been widely expected that Canadian central rates would take their cues from American monetary policy – but the drop in oil has thrown a wrench into such forecasts…
The new year is upon us, but 2014’s mortgage rate pricing remains frozen at record lows. Flat bond yields mean brokers and lenders continue to offer competitively discounted options for winter home buyers and renewals, dipping as low as 2.69 per cent for five-year terms.
Meanwhile, the Bank of Canada remains firm in their “wait-and-see” approach; positive American economic gains won’t prompt a rate rise north of the border as the impact of sliding energy prices acutely affects economic growth.
Fixed Mortgage Rates: Unchanged
Government of Canada bonds remain in high demand among investors, even as oil prices slide and the Loonie weakens. Yields remain low, giving lenders the room to cut fixed mortgage rate pricing. This affordable trend will remain in tandem with positive investor sentiment.
Variable Mortgage Rates: Unchanged
It has been widely expected that Canadian central rates would take their cues from American monetary policy – but the drop in oil has thrown a wrench into such forecasts…
Broker News Flashes
– canadianmortgagetrends.com
Today saw two notable announcements in the mortgage broker industry. #1) Mortgage Alliance/Multi-Prêts Was Bought Out A group led by Luc Bernard acquired all shares of Multi-Prêts/Mortgage Alliance Group, one of the country’s leading mortgage broker companies. The firm’s existing top executives, Pierre Martel and Michael Beckette, were part of that buyout group and will remain […]
