Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Big Banks Announce Mortgage Deferral Relief for Homeowners + MORE Mar 20th
Canada’s big banks announced this week that those struggling due to the COVID-19 crisis will be able to defer their mortgage payments for up to six months. The coordinated announcement came from the Bank of Montreal, CIBC, National Bank of Canada, RBC Royal Bank, Scotiabank and TD Bank, and will b.... More »
How to keep business and family expenses separate + MORE Oct 1st
Q. As a solo entrepreneur, I always seem to be using my personal credit card and/or line of credit to meet my business obligations. I don’t know what my income will be from one month to the next. My spouse is nervous about the creeping up of our joint line of credit. What do you suggest to keep m.... More »
Rising delinquency rates linked to oilpatch troubles + MORE May 18th
OTTAWA – Delinquency rates for non-mortgage loans are on the rise in Canada and it appears the problem can be linked to trouble in the oilpatch, according to credit monitoring agency TransUnion.
TransUnion says the ratio of accounts 90 or more days past due increased to 2.52 per cent in the first .... More »
High rent, mortgage rates keeping upward pressure on inflation Jan 19th
Canada’s inflation rate continued to ease in December, despite upward pressure from rising rents and mortgage interest costs. The Consumer Price Index eased to an annual growth rate of 6.3% last month, thanks largely to a decline in gas prices. That’s down from 6.8% in November and what .... More »
Fixed mortgage rates are rising. What’s the deal? + MORE Apr 21st
As variable-rate mortgage holders eagerly anticipate the Bank of Canada's first rate cut, fixed rates are heading in the other direction: up..... More »
A New Year Rate Hike
– ratesupermarket.ca
It has been a busy start to the new year – mortgage rates are up, stock markets are down, and that holiday credit card bill is looming. Is your wallet feeling the pressure yet? Start your year off with our top tips for paying holiday debt off fast, and catch up on this week’s breaking mortgage and market news.
RBC Hikes Rates for Fixed and Variable Mortgages
Royal Bank of Canada, the nation’s second-largest lender, announced they are hiking rates on a number of their mortgages, to go into effect today. Will the other banks follow suit?
Here’s what you need to know if you already have a mortgage with RBC, or if you’re on the hunt for a new rate.
Read Penelope’s Blog | RBC Hikes Rates for Fixed and Variable Mortgages
A Rocky Start for 2016 Chinese and North American Markets
It hasn’t been a sweet new year start for stocks, as trading sees huge slides due to selloffs in Asia and low oil prices. What do investors need to know?
Read Sean’s Blog | A Rocky Start for 2016 Chinese and North American Markets
So You Overspent During the Holidays… Now What?
Went a little overboard spreading the holiday cheer? If your January credit card bill has you feeling like a scrooge, you’re not alone – and there are ways to pay down that debt, fast…
Have financial resolutions? You need a plan, too
– moneysense.ca
OTTAWA – Increasing retirement savings, reducing debt or putting away more for your child’s education may be on your list of new year resolutions, but to make them more than wishful thinking you need a plan.
To help make your financial new year’s resolution stick, portfolio manager Amy Dietz-Graham of Bank of Montreal says to make it automatic.
Whether it is increasing the amount you save or paying off that last stubborn balance on a line of credit, she suggests setting up regular payments.
“Then it is not something that you have to think about,” she said.
“It takes a lot of the pressure off of you having to constantly remind yourself to keep on top of a resolution. Just make it automatic.”
Fix your money problems and get #MoneyFit »
Dietz-Graham’s new year resolution is to start saving to buy a cottage with her husband. It will take more than 2016 to reach their ultimate goal, but she has set a target for their savings for the year.
She said it’s important to set specific goals so that progress can be measured…
To help make your financial new year’s resolution stick, portfolio manager Amy Dietz-Graham of Bank of Montreal says to make it automatic.
Whether it is increasing the amount you save or paying off that last stubborn balance on a line of credit, she suggests setting up regular payments.
“Then it is not something that you have to think about,” she said.
“It takes a lot of the pressure off of you having to constantly remind yourself to keep on top of a resolution. Just make it automatic.”
Fix your money problems and get #MoneyFit »
Dietz-Graham’s new year resolution is to start saving to buy a cottage with her husband. It will take more than 2016 to reach their ultimate goal, but she has set a target for their savings for the year.
She said it’s important to set specific goals so that progress can be measured…
