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Latest News
CMHC reports annual pace of housing starts in April up from March May 18th
Canada Mortgage and Housing Corp. says the annual pace of housing starts for April rose 17% compared with March..... More »
Oaken Financial review 2020 + MORE Apr 25th
Table of contents
Who is Oaken Financial?
Oaken Financial review
Oaken Financial GICs
Oaken Financial’s High-Interest Savings Account
Is Oaken Financial right for me?
There are plenty of options for saving and investing in Canada, whether it’s via high-interest savings accounts, TFSAs, RR.... More »
What’s Driving Canadian Homebuyers? Feb 16th
Mortgage rule changes and increasing interest rates—surprisingly—weren’t the top motivators for prospective homebuyers in 2017, according to a new survey from the Canada Mortgage and Housing Corporation (CMHC). Instead, the 2018 Prospective Home Buyers Survey found that improved accessibil.... More »
How to Improve Your Credit Score – Student Edition + MORE Sep 15th
The new school year is in full swing and if you’re a university or college student, then you’ve probably already settled comfortably into your new routine and dorm room. As you buy books, begin assignments and make new friends, the last thing you’re likely thinking about is your credit.
But.... More »
Rate Hike Expectations Grow, But How Long Will Higher Rates Last? + MORE Apr 10th
As fixed mortgage rates continued to rise last week, variable-rate holders are expected to see their own increase next week..... More »
Q1 2016 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
Alberta’s routed oil sector and the province’s surging unemployment rate (7.4% as of January) is, for the first time, having a noticeable impact on the Big Banks’ lending portfolios. Rising delinquency rates in personal lending have motivated banks to tighten their underwriting standards in the regions most affected by the oil crash, which also include Saskatchewan, Newfoundland and Labrador. That said, this line from TD Bank’s Chief Risk Officer, Mark Chauvin, sums up the overall health of the Big 6 banks: “Although we are seeing definite signs of deterioration in consumer lending, delinquency, and loss rates in the impacted regions, to-date, loan losses have been largely offset by strong READ MORE
No Spring Thaw in Sight for March Mortgage Rates
– ratesupermarket.ca
RateSupermarket.ca’s expert panel say lenders are taking a wait-and-see approach
Good news for early spring mortgage borrowers: interest rates won’t be rising along with the thermometer. While early signs of economic improvement are promising, consumer lenders and the central bank alike are holding their breath, looking to the Liberal stimulus announcement later this month before adjusting the cost of borrowing. This means both fixed and variable mortgage rate shoppers will access great discounts this month, and perhaps more to come as the spring mortgage wars traditionally heat up this season.
Click here to find the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Government of Canada bond yields remain in high demand among investors seeking stability, pushing yields to new depths. While recent news of tepid economic growth eased yields slightly higher over last four weeks, they remain well below the 1% threshold – and only a few precious basis points above Prime…
Good news for early spring mortgage borrowers: interest rates won’t be rising along with the thermometer. While early signs of economic improvement are promising, consumer lenders and the central bank alike are holding their breath, looking to the Liberal stimulus announcement later this month before adjusting the cost of borrowing. This means both fixed and variable mortgage rate shoppers will access great discounts this month, and perhaps more to come as the spring mortgage wars traditionally heat up this season.
Click here to find the best mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Government of Canada bond yields remain in high demand among investors seeking stability, pushing yields to new depths. While recent news of tepid economic growth eased yields slightly higher over last four weeks, they remain well below the 1% threshold – and only a few precious basis points above Prime…
