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Latest News
IMF Cautions Against Relaxing Mortgage Rules, Says Market Still Heated in Canada + MORE May 24th
The housing market remains the biggest threat to Canada’s economic health. That is according to a report by the International Monetary Fund (IMF), published this week after an official visit to Canada.
They are responding to calls by several real estate boards in Canada to ease the new B-20 stres.... More »
BREAKING: Ontario Car Insurance Rates Increase + MORE Apr 21st
Here at RateSupermaket.ca, we keep you in the loop of different ways to save, whether it be on your mortgage, through investments, or on your car insurance. The Financial Services Commission of Ontario (FSCO) has reported that Ontario car insurance rates have increased by 2.23 per cent on average.... More »
The Latest in Mortgage News: Time to Rethink the Stress Test Apr 21st
The stress test is back in the crosshairs of industry analysts. Earlier this week, CIBC World Markets Deputy Economist Benjamin Tal released a report that attributed an 8% drop in mortgage originations from 2017 to 2018 directly to the federal government’s stress test rules (B-20), which took .... More »
6 ways to pay off your mortgage faster + MORE Feb 16th
While the Bank of Canada has yet to raise their overnight rate—a rate that dictates what happens with variable mortgage interest rates—there are changes within the current Canadian mortgage climate.
In late 2016, TD Canada raised it’s variable rate mortgage—not just for new mortgage bus.... More »
Q2 Lender Earnings: Strong Results and a Positive Outlook for H2 + MORE Aug 21st
Some of the country’s key mortgage lenders benefited from strong housing activity seen over the first half of the year, according to second-quarter earnings. While results were strong across the board, part of that was a function of weak Q2 2020 comparisons, which magnified gains this quarter..... More »
Spotlight On Mortgages: A Global Recovery In 2014?
– ratesupermarket.ca
Big things are in store for the global economy – and interest rates – in 2014, according to economists. The World Bank released their semi-annual Global Economic Prospects report Tuesday, announcing a more optimistic stance as the U.S. gets back on track and Europe continues cautious recovery.
The U.S.-based poverty initiative and think tank predicts global GDP will improve by 3.2 per cent this year, up from 2.4 per cent in 2013. U.S. growth forecasts are especially cheery, at 2.8 per cent this year – an improvement that will be felt around the world.
Economic Check In
The report breaks down the climate in main economies and their risk factors. Here are the top developments to watch this year:
Europe: There’s been a lot of improvement in the Eurozone as banks continue to restructure, and recovery methods rely less on severe austerity measures. However, unemployment remains a rampant problem, and it’s unclear what exactly will drive the economy in the years to come…
