Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Mortgage Digest: Arrears rise to highest level since 2020, but remain low overall + MORE Jan 23rd
Canada’s mortgage arrears rate edged higher again in October, rising to 0.25% of all residential mortgages, the highest level since 2020, according to the Canadian Bankers Association..... More »
Long-term mortgage rates are falling. Is it time to lock in? + MORE Apr 4th
Locking in or not depends on many factors, experts say, including whether the penalties for breaking a current mortgage make sense and if you think rates are going up or down..... More »
Credit counselling, Consumer proposal or Bankruptcy… Which option is most favourable? + MORE Mar 16th
A couple in their 30s contacts me for a mortgage. They want to buy a new home. She’s a high school teacher and he’s a computer firm manager. Incomes are good. I check their credit.
Let’s stop here for a minute… If they have good credit, an approval is simple and we can provi.... More »
Housing sales fall in most markets across Canada - The Globe and Mail + MORE Jul 17th
The Globe and MailHousing sales fall in most markets across CanadaThe Globe and MailHouse sales fell in a majority of markets across Canada in June, suggesting the real estate sector is cooling just as interest rates are starting to climb and Ottawa is proposing tougher mortgage rules. Sales fell in.... More »
Six Months was What it Took to Absorb Latest Mortgage Changes! Aug 19th
Ever since the US 2008 sub-prime mortgage crisis, we’ve seen a never-ending string of change. Mortgage lending rules have become tougher and tighter. Underwriting is stricter and more thorough. (As usual, the government has not missed an opportunity to stick their nose into your business by m.... More »
3 tips for getting the best mortgage this spring
– moneysense.ca
MoneySense contributor Bruce Sellery offers three tips on buying a home this spring. It’s not just about finding the perfect home, it’s also about finding the perfect mortgage and calculating how much you can really afford.
Ask Home Owner columnist Romana King your real estate question »
Ask Home Owner columnist Romana King your real estate question »
brightcove.createExperiences();
Read more from Romana King at Home Owner on Facebook »
The post 3 tips for getting the best mortgage this spring appeared first on MoneySense.
Lenders Call a Truce on Spring Mortgage Rate Wars
– ratesupermarket.ca
April historically marks an uptick in mortgage price competition as brokers and banks march out their most attractive interest rates – but with today’s fixed and variable rates already at record lows, lenders are engaging in fewer price skirmishes. However, spring mortgage borrowers are sure to be laughing all the way to the bank as low bond yields have pushed fixed rates far below last year’s discounts, and no move is expected from the Bank of Canada on the national cost of borrowing.
Click here for the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Remember when the 2.99-five-year-fixed whipped the market into a frenzy? It was just a few seasons ago, but the days of frantic basis-point buybacks seem long past. With today’s most competitive five-year fixed offerings hovering around the 2.30% mark for months – a mere 20 basis-point difference from today’s lowest variable options – lenders are taking a more relaxed approach to their spring pricing.
Bond yields, which have stayed stagnant and below the 1% threshold, are to blame for the lack of mortgage price movement and will stay at status quo; The U…
Click here for the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Remember when the 2.99-five-year-fixed whipped the market into a frenzy? It was just a few seasons ago, but the days of frantic basis-point buybacks seem long past. With today’s most competitive five-year fixed offerings hovering around the 2.30% mark for months – a mere 20 basis-point difference from today’s lowest variable options – lenders are taking a more relaxed approach to their spring pricing.
Bond yields, which have stayed stagnant and below the 1% threshold, are to blame for the lack of mortgage price movement and will stay at status quo; The U…
