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
Scotiabank not worried about its floating-rate portfolio Jun 28th
With variable rates rising by the month—and more hikes anticipated—observers are keeping a careful watch on adjustable-rate mortgages..... More »
Should you loan money to someone who is house rich and cash poor? May 19th
My daughter is 60, divorced, owns a house, perhaps $800,000 house value. She has a small mortgage and no savings of any kind. She lives on a line of credit and a credit card. Her only income is about $300 to $400 monthly CPP.
She is wondering how best to manage. Should she sell now and rent for a.... More »
Over half of mortgage borrowers concerned about renewals Nov 1st
A new survey has found that 53% of Canadian mortgage borrowers are concerned about the prospect of higher monthly payments at renewal time..... More »
How much you need to earn to afford a home in Vancouver and the GVA Jan 31st
The Canadian real estate market has been red-hot since the pandemic started in March 2020. Home prices have risen across the board, but they are especially high in Vancouver, Canada’s most expensive housing market.
If you’re looking to purchase a home in the Greater Vancouver Area (GVA), you .... More »
The latest in mortgage news: record population growth to keep upward pressure on home prices + MORE Jul 21st
Canada's expected population growth will worsen the already limited housing supply and result in even higher home prices, according to a new report.... More »
Reverse mortgages are cheaper than ever. Should you use one to tap into your home’s equity?
– thestar.com
A reverse mortgage allows you to tap into the rising value of your home without selling it, writes David Aston. But watch out for the penalties and fees.Bond Yields and Fixed Rates Falling Further on Coronavirus Fears
– canadianmortgagetrends.com
It was an unusually rough Monday for countless investors as the TSX plunged more than 280 points on fresh coronavirus fears, which in turn is pushing fixed mortgage rates down further. With new outbreaks of the virus reported in Italy, South Korea and Iran, the World Health Organization appears ever closer to declaring the outbreak officially a pandemic. That had investors fleeing stocks and heading towards the safety of bonds, which drove bond yields down to near six-month lows. Bond […]
