High rent, mortgage rates keeping upward pressure on inflation Jan 19th

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Mortgage payment calculator Oct 11th

For the majority of Canadians, buying a home will be the single biggest purchase they ever make, and getting a mortgage is an essential part of this process. According to a National Bank of Canada report, the majority of variable-rate-fixed-payment mortgage borrowers who signed onto between 2020.... More »

What does the new Canadian Mortgage Charter mean for home owners? + MORE Dec 10th

In its 2023 Fall Economic Statement, the federal government announced the Canadian Mortgage Charter. It’s a new initiative intended to address the housing affordability issues caused by rising interest rates, low housing supply and more. The charter, which sets out expectations for lenders, is the.... More »

State of the mortgage market: Canadians anxious about their finances, but still see housing as a good investment + MORE Mar 8th

Canadian homeowners may be feeling more anxious about their finances these days, but an overwhelming majority continue to believe real estate is a good long-term investment..... More »

Should retirees pay off their mortgages with investments? + MORE Nov 28th

Ask MoneySense I retired this year and my mortgage is coming due soon. My advisor said to keep the mortgage as rates are low possible and keep the money invested to keep making me money. I’m not sure this is wise, and my advisor works for the bank who holds my mortgage. What do you think? –Li.... More »

Could diversified funding be the latest trend for alternative mortgages? + MORE Apr 28th

As the winds of change sweep across the lending landscape, regulatory underwriting guidelines are growing ever tighter. This puts non-bank clients in a precarious position, and mortgage brokers are feeling the pressure..... More »
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 now appears to be the peak of 8.1% in June. For the full year, consumer prices rose by 6.8%—the highest rate of price growth in Canada since 1982. “The good news is […]

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