Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
CMHC Announcement: 5 Potential Changes For The Mortgage Market + MORE Feb 27th
The Canada Mortgage and Housing Corporation, the Crown corporation that provides mortgage insurance to high-risk home buyers, is to make an announcement tomorrow at 11 a.m. EST.
While the topic du jour has yet to be revealed, the impending statement has set the mortgage industry buzzing – wil.... More »
Is this frugal Toronto artist’s $70,000 in savings enough for her to buy a property in the U.S.? Jul 3rd
If Joy were to buy a house in the U.S., writes financial expert Jason Heath, it’s probably best she get a pre-approved a mortgage before house hunting..... More »
Let's Throw a Patent-Burning Party Oct 1st
When a drug goes generic, it’s as if society has paid off a mortgage..... More »
How An Income Suite Can Help You Qualify For a Mortgage + MORE Aug 6th
Thinking of jumping into the housing market fray? It’s a high-priced jungle out there, with the average detached home hitting above the $1-million mark in Canada’s urban centres. Even with today’s record low mortgage rates, and the recent cut to the national cost of borrowing, buy.... More »
Bank of Canada Raises Overnight Rate to 1.75%; Cites New Trade Policy and Growing Economy Oct 25th
Bank of Canada Governor Stephen Poloz at a press conference following an interest rate announcement in April.
After months of speculation, indeed, the Bank of Canada decided to raise its benchmark interest rate by 25 basis points this morning. This quarter-point hike brings the target for the ov.... More »
Caisses Desjardins – 5 year Closed : 5.34% (0.2%)
– ratesupermarket.ca
Caisses Desjardins 5 year Closed mortgage rate was changed on August 28, 2013
First Calgary Financial – 7 year Closed : 4.09% (0.3%)
– ratesupermarket.ca
First Calgary Financial 7 year Closed mortgage rate was changed on August 28, 2013
Spotlight On Mortgages: August 30, 2013
– ratesupermarket.ca
Lower Affordability and Higher Mortgage Rates Don’t Deter Buyers
It’s getting tougher to buy a home in Canada – but that’s not stopping buyers determined to make ownership a reality. Home sales rose 6.4 per cent in Q2, despite diving affordability indexes for several home types, according to the latest RBC Economics Housing Trends and Affordability report.
Hot Demand For Detached
The index, which measures the amount of pre-tax household income required to cover the costs of homeownership at current market conditions, found that detached bungalows became 0.3 per cent more expensive last quarter, and two-storey dwellings increased by 0.4 per cent. The report stated that detached homes remain in high buyer demand, fueled further by a relatively low interest rate environment.
Craig Wright, senior vice president and chief economist at RBC stated in a release that demand and sales should remain stable – given no further surprises for the housing market.
“Homebuyers seemed unfazed by the slight deterioration in affordability – we saw the market regain some momentum in the second quarter with home resales increasing 6…
Caisses Desjardins – 3 year Closed : 3.95% (0.2%)
– ratesupermarket.ca
Caisses Desjardins 3 year Closed mortgage rate was changed on August 28, 2013
First Calgary Financial – 10 year Closed : 4.19% (0.2%)
– ratesupermarket.ca
First Calgary Financial 10 year Closed mortgage rate was changed on August 28, 2013
