Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
They’re both 25 and make $262,000. This couple wants to pay off their mortgages and spend more on travel. How do they start? Feb 4th
Ace and Ada know they make a lot money for people their age, but it came out of “sweat and tears” and following in the footsteps of immigrant parents. Now they want to know how to spend it..... More »
Why are fertility treatments so expensive in Canada? + MORE May 15th
Being unable to have a child naturally can be extremely difficult. But when you factor in the high costs of fertility treatments, the range of individual circumstances and the fact that the industry itself is secretive about fees, it can make the whole ordeal even more devastating and hard to plan f.... More »
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“The Big Cut”
While The Big Short film is a riveting watch, “The Big Cut” may be even more enthralling.&nbs.... More »
You Lawyer May Be Overcharging You Jun 13th
Picture this: you’re buying a home or refinancing your mortgage. You hire a lawyer to facilitate the transaction. You decide to go with a mortgage that is NOT through one of the big six banks, like hundreds of thousands of Canadians do every year. Suddenly, you get a call from your lawyer. They wa.... More »
New mortgage rules sending borrowers to alternatives + MORE Feb 7th
TORONTO — Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada’s banking regulator imposed a new stress test for home buyers who don’t need mortgage insurance.
As a result, alternativ.... More »
Regulator says B.C. mortgage brokers should disclose commissions
– theglobeandmail.com
Brokers, who receive payment from lenders, argue disclosing those earnings to consumers will undermine confidence in the industry
Lots to Love About February Mortgage Rates
– ratesupermarket.ca
RateSupermarket.ca’s expert Mortgage Rate Outlook Panel calls for competitive pricing to remain throughout winter months
Borrowing conditions will remain sweet for Valentine’s home buyers, as both fixed and variable mortgage rates will stick close to record lows. Competitive fixed rate pricing is supported by very low government bond yields, as investors flow into safe haven options amid a shaky global economy. Variable mortgage holders can expect stability for the remainder of the month, but should brace for potential change come March.
Click here for the best fixed and variable mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Five-year bond yields are pushing record lows at barely over half a per cent. This would usually put downward pressure on fixed mortgage rates – but lenders don’t have much room to discount amid today’s already competitive pricing. It’s expected that any change to the fixed cost of borrowing in the short term will be minimal.
Variable Mortgage Rates: Unchanged
With no Bank of Canada interest rate announcement this month, the variable cost of borrowing will remain stable for the short term…
Borrowing conditions will remain sweet for Valentine’s home buyers, as both fixed and variable mortgage rates will stick close to record lows. Competitive fixed rate pricing is supported by very low government bond yields, as investors flow into safe haven options amid a shaky global economy. Variable mortgage holders can expect stability for the remainder of the month, but should brace for potential change come March.
Click here for the best fixed and variable mortgage rates in Canada>
Fixed Mortgage Rates: Unchanged
Five-year bond yields are pushing record lows at barely over half a per cent. This would usually put downward pressure on fixed mortgage rates – but lenders don’t have much room to discount amid today’s already competitive pricing. It’s expected that any change to the fixed cost of borrowing in the short term will be minimal.
Variable Mortgage Rates: Unchanged
With no Bank of Canada interest rate announcement this month, the variable cost of borrowing will remain stable for the short term…
