Not just new buyers: Mortgage stress test rules putting the squeeze on renewals, too + MORE May 15th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News

Bank of Canada raises benchmark interest rate to 1.5%, noting trade tensions - CBC.ca + MORE Jul 11th

CBC.caBank of Canada raises benchmark interest rate to 1.5%, noting trade tensionsCBC.caFor the fourth time in a little over a year, the Bank of Canada has raised its benchmark interest rate, a move that will increase the cost of borrowing for Canadians with variable-rate mortgages and lines of cred.... More »

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 »
 home equity

California's Mortgage Raid + MORE Sep 24th

Jerry Brown and the Legislature refuse to honor a court order..... More »

Locking in your mortgage could save you money, but it depends on your plans + MORE Oct 19th

Homeowners with variable mortgage rates have seen their rates rise over the past year as the Bank of Canada has raised its key interest rate target four times..... More »
 mortgage buyout

Record-Low Variable Rate Wars EXPIRE THURSDAY… Don’t miss out! + MORE May 30th

The incredible variable rate wars we’re seeing this month are about to come to a close! It would be a shame to miss out on these savings! And, while there is a possibility that they’ll extend into June, I wouldn’t risk it – deep savings like these don’t come around eve.... More »
TD Survey Finds First Time Home-Buying Anxieties; Tips on How to Overcome Them
As many already know, purchasing real estate isn’t as simple as purchasing milk from the corner store. Naturally, buying any home – let alone your first home – is a process that involves a substantial amount of decisions, paperwork, and money.
The results of a recent survey conducted by TD found that 56 per cent of its 1,001 respondents aged 18 to 69 have reservations when it comes to purchasing their first home. According to the survey, respondents cited their biggest concern as the fear of missing an important aspect that is necessary in the home-buying process. Over 70 per cent are concerned they will endure expenses they do not foresee, while 24 per cent find it outright stressful, and 21 per cent view buying real estate as understandably overwhelming.
But there are some ways to help offset these worries. You can make your real estate investment much more manageable by ensuring you owe little-to-no money elsewhere, understanding all of the expenses – big and small – that you may incur during the process, and, finally, selecting the right mortgage loan on your property to make payments as easy as possible…

Continue Reading On ratesupermarket.ca »

It’s not just new homeowners who are feeling the impact of higher interest rates and tougher lending standards: even those who’ve already bought are feeling the heat.

Continue Reading On cbc.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!