Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
How Does the Home Capital Crisis Affect Me? + MORE May 12th
As of late, Home Capital Group is dominating the headlines. To quickly summarize, on April 19, the Ontario Securities Commission (OSC) claimed that brokers had falsified information on mortgage applications submitted to Home Trust. As a result, shares in the company dropped while customers withdrew.... More »
Housing sales fall in most markets across Canada - The Globe and Mail + MORE Jul 17th
The Globe and MailHousing sales fall in most markets across CanadaThe Globe and MailHouse sales fell in a majority of markets across Canada in June, suggesting the real estate sector is cooling just as interest rates are starting to climb and Ottawa is proposing tougher mortgage rules. Sales fell in.... More »
CMHC probing Canadian house 'premium' to U.S. prices + MORE Nov 22nd
Canada Mortgage and Housing Corp. says Canadian housing prices have been higher than U.S. prices in real terms since 2006, an indication that the market here may be overvalued..... More »
How the mortgage stress test is impacting qualification amounts + MORE Jun 22nd
As of June 2022, we are currently seeing unnatural discrepancies in the size of mortgage loans borrowers will qualify for, and it’s all because of a rift in the space-time stress test continuum. You see, most 5-year fixed mortgage rates are already over 5%, making their stress test a full 2% highe.... More »
What’s the TRUE Impact of Policy Changes on the Canadian Mortgage Market? Dec 15th
It’s certainly not what the Bank of Canada (BoC) is claiming!
The BoC recently released a document detailing what it believes to be a positive report on the Canadian Mortgage Market, but this article clearly shows how out of touch our government is.
The BoC is applauding their statistics̷.... More »
A Few Last Tweaks by CMHC
– canadianmortgagetrends.com
Last week CMHC eliminated some more mortgage insurance offerings. Effective July 31, for example, it will no longer insure amortizations over 25-years or $1 million+ properties with low-ratio transactional insurance….
Call of the midnight sun
– moneysense.ca
Tourists travel the Northwest Passage on an Adventure Canada boat. (Michelle Valberg/Adventure Canada)Most of us have a bucket list of Canadian destinations we’d love to experience some day. But while a wildlife-snapping Rockies road trip or a lobster-cracking Maritimes jaunt is tantalizingly attainable, the far North seems like a price-prohibitive no-go. Fancy a Nunavut holiday? It’s cheaper to fly to Europe.
That’s partly the point, though. Everyone does Paris and London but our unfathomably vast northern region—defining the phrase “rugged wilderness”—is equally exotic: just ask those camera-wielding Europeans who flock there every year.
The Palace Grand Theatre in historic Dawson City, Yukon (Patrick Kane)
As for costs: with our dollar currently buying considerably less overseas than last summer, this is the ideal time to cover off some iconic domestic destinations. And there’s no need to take out a second mortgage. For a menu of memorable up-North vacations that won’t send your budget too far south, read on…
