Mortgage up for renewal? Read this first + MORE May 9th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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CIBC kicks off bank earnings week with 25% profit rise May 24th

The Canadian Imperial Bank of Commerce's latest quarterly earnings beat market expectations with a double-digit profit bump on strong earnings south of the border and at home, despite slowing domestic mortgage growth..... More »

Stress Test Causing National Housing Slump: CREA May 21st

The Canadian Real Estate Association (CREA) blames the mortgage stress test introduced in January for slow activity across the nation in April. The housing market has cooled in all respects from April of last year, when the market peaked: the average sale price declined by 11.3 per cent to $495,000,.... More »

Should You Be Paying Your Mortgage Down Aggressively? May 12th

Last year a third of mortgage holders in Canada chose to pay their mortgages aggressively, which is to say they paid more than the amount required. And the numbers were higher for those who bought their properties after 2013. Instinctively it would make sense to pay off your mortgage as quickly as y.... More »
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Banks cutting variable mortgage rates to drum up business even as fixed rates rise + MORE May 18th

A number of Canadian lenders have slashed their variable mortgage rates in recent days, even as some of those same lenders are raising their fixed-rate mortgages..... More »
Canadian banks’ mortgage-rate increases could trigger rise in qualifying rate, analysts sayThe central bank’s conventional mortgage five-year rate, which is updated weekly, was 5.14 per cent as of May 2.

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Mortgage up for renewal? Read this firstNew mortgage rules and higher interest rates may make it more difficult for you to renew your mortgage.

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