Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
The Broker Channel Gets Another Prime Lender: Strive Capital + MORE Sep 23rd
Strive is live. It’s Canada’s latest prime lender in the mortgage broker market..... More »
Insights from the 2017 National Mortgage Conference + MORE Dec 3rd
Another national mortgage conference has come and gone, but many will remember this year’s instalment as nothing short of a success. More than 1,200 mortgage professionals from across the country descended upon Niagara Falls for Mortgage Professionals Canada’s annual National Mortgage Conference.... More »
Mortgage brokers rated their lenders, and these are the results + MORE Apr 16th
If you want to know how mortgage lenders are performing in today’s volatile market, who better to ask than a mortgage broker?.... More »
To get corporate taxes down, U.S. might cut back on mortgage interest deduction + MORE Aug 4th
The Trump administration is considering reducing the annual $1 million mortgage deduction cap for U.S. homeowners as a part of its broader tax reform, despite earlier promises to protect the tax advantage, Politico reported on Friday..... More »
Low Rates to Put a Spring in Home Buyers’ Steps + MORE Apr 10th
RateSupermarket.ca Calls for Seasonal Mortgage Discounts to Last Through April
Spring is typically the most competitive time for mortgage-rate pricing, and this season has been no exception, as a number of lenders introduced record-low pricing during the month of March. Now, April buyers and renewi.... More »
Investing outside RRSPs and TFSAs
– moneysense.ca
Getty ImagesQ: After I max out my RRSP and TFSA contributions, what can I invest in?—Dale
A: Congratulations on maxing out your RRSP and TFSA, Dale. Statistics show that there’s a lot of unused RRSP and TFSA room in Canada, so maxing yours out is no small feat.
Depending on your situation, there are a few other options you should consider for your savings.
Are you debt-free? If not, I’d consider paying down your remaining debt (including the mortgage) before investing. Debt repayment is an investment with a guaranteed return and that return will rise as interest rates increase. Plus your non-registered investment income is taxable, meaning you keep less of your returns compared to those in your RRSP and TFSA.
Do you have kids? Consider maxing out their RESPs to help save for their post-secondary education costs. Depending on your financial situation, if they’re over the age of 18, you might even consider making contributions to their TFSA accounts. Just remember, that money becomes their money…
Quantitative Easing Won’t Spook October Mortgage Rates
– ratesupermarket.ca
RateSupermarket.ca Mortgage Panel calls for unchanged cost of borrowing as U.S. Fed ends bond buying program
There may be big economic developments south of the border, but they’ll fail to shake up Canadian mortgage rates this month. Fixed rates are to remain consistent as bond yields stick to their trajectory, while the variable cost of borrowing is unphased by the end of the U.S. Fed’s bond buying program; policy makers in both countries insist there is no imminent change for central rates.
Fixed Mortgage Rates: Unchanged
Government of Canada bond yields have remained consistently low since the summer months, with no significant reaction to recent events affecting economic stimulus measures in the U.S. There’s no expectation that fixed mortgage rates will move in either direction for the coming month.
Variable Mortgage Rates: Unchanged
Even though October spells an end of the U.S. Fed’s quantitative easing taper, policy makers there have been adamant that a rate increase will not follow immediately suit…
There may be big economic developments south of the border, but they’ll fail to shake up Canadian mortgage rates this month. Fixed rates are to remain consistent as bond yields stick to their trajectory, while the variable cost of borrowing is unphased by the end of the U.S. Fed’s bond buying program; policy makers in both countries insist there is no imminent change for central rates.
Fixed Mortgage Rates: Unchanged
Government of Canada bond yields have remained consistently low since the summer months, with no significant reaction to recent events affecting economic stimulus measures in the U.S. There’s no expectation that fixed mortgage rates will move in either direction for the coming month.
Variable Mortgage Rates: Unchanged
Even though October spells an end of the U.S. Fed’s quantitative easing taper, policy makers there have been adamant that a rate increase will not follow immediately suit…
Radius’s New ARM + Monoline Q&A
– canadianmortgagetrends.com
To some brokers, Radius Financial is perceived as just another monoline lender selling plain-Jane insured mortgages. Until now, its shortage of competitive products had a lot to do with that. But Radius took a big step on Monday by adding a range of new mortgages. Headlining its new lineup is a red-hot prime — 0.70% adjustable rate […]
Senior Deputy Governor says lower rates are the new normal.
– canadamortgagenews.ca
In her first public speech as Senior Deputy Governor for the Bank of Canada, Carolyn Wilkins brought some good news to Canadians with mortgages. Interest rates should remain low for some time….. and we can expect lower rates to be the “new normal”. Ms. Wilkins went on to say that “the recovery has had […]
The Fed's Mortgage Favoritism
– online.wsj.com
When the central bank buys private assets, it distorts markets and undermines its claim to independence.
