How to take advantage of the first home savings account + MORE May 10th

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
 line of credit

This millennial making $110,000 helps her family with mortgage, groceries. Is it time to buy a place with her boyfriend? + MORE May 16th

‘Can we even afford anything in the GTA. Is it smart to buy?’ Leanne asked. ‘The market is insane.’.... More »

The latest in mortgage news: BoC rate hike expectations grow May 13th

The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year..... More »
Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates.

Continue Reading On canadianmortgagetrends.com »

In April, in response to Canada’s white-hot housing market, the federal government introduced the tax-free first home savings account (FHSA). The FHSA is a new kind of registered account aimed at easing the path of first-time home buyers to securing a mortgage at a time when average Canadian home prices sit at around $800,000. So, how exactly does this account work? More importantly, how can first-time home buyers leverage the FHSA to its fullest extent? 

You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quoteI’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.

Not all of the details surrounding FHSAs have been ironed out yet. The federal government plans to release more information in the near future, as it works with financial institutions to make the accounts available to the public next year. However, based on the info revealed in the 2022 budget, here’s what you need to know…

Continue Reading On moneysense.ca »

Home Capital saw its net income fall nearly 18% due to rising deposit costs, while the full impacts of rate increases are yet to effect its mortgage originations.

Continue Reading On canadianmortgagetrends.com »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!