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Latest News
We made money on the Toronto housing market. Now what? Nov 4th
We had a plan. We considered the bank’s low interest rates, the rising real estate prices and record low inventory and thought it was the perfect time to cash in on the Toronto real estate market by moving out of the city. My husband and I were going to move from Ontario to Manitoba, selling our E.... More »
The interest rate hike is going to leave its mark on Canadian exporters Jul 14th
(Shutterstock)
Canada is the second G7 country to embark on the path of normalizing monetary policy. Raising the key interest rate to 0.75 per cent, the Bank of Canada also adopted a bias towards tightening policy over time and reversing the “insurance” rate cuts of 2015. The move bolstered the.... More »
This millennial couple makes $130,000 combined. With a baby on the way, a mortgage and car debt, how can they prepare? + MORE Sep 8th
Matt and Elicia’s monthly take-home pay is $6,100. While that may be enough for a couple, they know that they’ll have to prepare to save more for child-care costs soon..... More »
I need to lower my monthly mortgage payments. Is extending my amortization period a good idea? Nov 16th
An extra five years might not seem like much, but the difference can be startling, says one expert..... More »
Romy Bowers Named New CMHC CEO as Outgoing Evan Siddall Addresses Off-the-Mark Forecasts + MORE Mar 5th
The Canada Mortgage and Housing Corporation has named its new CEO, capping what has been an extended search to replace outgoing chief Evan Siddall. Romy Bowers, CMHC’s current Vice President of Client Solutions, will succeed Siddall and officially begin her five-year term starting April 6. .... More »
Mortgage rates going up a little.. for now. What should you do?
– canadamortgagenews.ca
Happy 150th Canada! Mortgage rates are going up. Hooray! Ok, yes, I’m being sarcastic. This isn’t the cheery message you wanna hear if you have a mortgage coming up for renewal soon. But, hold on. What does this really mean? It’s a great attention grabber. And now that you’re reading, let’s cut through the bull! […]
