Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Home Prices Heat Up Despite High Interest Rates + MORE May 1st
Some weird stuff is happening in the world of real estate. As you likely know, the Bank of Canada has steadily raised interest rates over the past year in hopes of cooling inflation. This was also supposed to cool the housing market. Conventional wisdom dictates that higher rates would result in mor.... More »
Under-35 households lead the way in reducing mortgage debt, StatCan reports + MORE Jan 27th
Canada's youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022..... More »
Beware of “Friendly” Calls From Your Bank + MORE Jun 9th
For better or worse, Canadians have a lot of trust. In each other, in their government, in the places they eat, in the places they shop – and apparently in the places they bank. A 2020 survey found that seven out of 10 Canadians believe their banks have their best interest in mind when offerin.... More »
Mortgage Rates Forecast + MORE Jul 25th
Mortgage Rates update – the bonds have come down, but not enough?
The Canadian mortgage bond rate has shot up in the past month and is now – thankfully – starting to decrease again …… this is great news for mortgage rates.
As you can see above, we had a massive climb i.... More »
DUCA Financial Services - 5 year Closed : 3.38% (0.09%) + MORE Sep 3rd
DUCA Financial Services 5 year Closed mortgage rate was changed on August 29, 2013.... More »
Mortgage rates are on the move, upwards
– thestar.com
Home buyers warned that mortgage rates are on a steady climb, though interest rates aren’t expected to soar through the roof.Banks maximizing mortgage penalties again… but there’s a bright side..
– canadamortgagenews.ca
In case you haven’t heard, Fixed rates are up around 0.50% over the last 3 weeks. But the Banks haven’t increased their posted rates… How can that be?? And how does that affect you? The BIG SIX BANKS have played the rate guessing game for as long as I can remember.. This time, they’ve added […]
Dominion Lending Centres Canada – 10 year Closed : 3.99% (0.3%)
– ratesupermarket.ca
Dominion Lending Centres Canada 10 year Closed mortgage rate was changed on July 03, 2013
What Is A Money Market?
– ratesupermarket.ca
If you’re an investor you’ve probably come across the term “money market” many times. However, many don’t use this investing vehicle because they don’t understand how it works or assume it’s only used by big corporations and governments. With the emergence of money market funds, though, every investor can now participate in the money market. It can be a great place to invest your money for a short period of time before you make a long-term investment decision. The return is slightly better than your bank savings or chequing account and is also considered one of the safest most conservative places to park your cash.
What Is The Money Market?
A money market is a subsection of the financial markets, and a place for financial institutions to borrow or lend for a short period, generally less than one year. The money market consists of securities like government bonds, commercial paper, short-term mortgages and asset backed-securities. These are some of the safest places to invest money for the short-term, but they also have very low returns compared to stocks and bonds…
2013 CMHC Mortgage Consumer Survey
– canadianmortgagetrends.com
In 2013, mortgage consumers are smarter than ever, but they still value good advice. That’s an important takeaway from CMHC’s latest Mortgage Consumer Survey, which breaks down their behaviour and…
