Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
The Latest in Mortgage News: RBC downgrades its housing market forecast + MORE Jul 28th
RBC says it expects the country's housing correction to "deepen" in the coming months with resale activity and prices falling more than expected..... More »
Lender execs weigh in on today’s mortgage market Oct 26th
Executives of some of Canada's top mortgage lenders weighed in on some hot topics during the lender panel at MPC's recent National Mortgage Conference..... More »
Q&A with CanWise Financial’s James Laird + MORE Nov 19th
After spending six years as the Chief Operating Officer (COO) of Canada’s largest independent mortgage brokerage, James Laird set up his own mortgage company, CanWise Financial, earlier this fall. Laird’s success has in large part been due to a mastery of leveraging the Internet leads. In.... More »
Broker Boot Sparks Questions + MORE Apr 1st
RateHub was the talk of the industry last week when it kicked Spin Mortgage, a Vancouver mortgage broker, off its website. (That story) The drama made national news, leading thousands of consumers to ask questions they had never pondered before, including these: #1 – What on earth is a rate compa.... More »
Toronto, Vancouver weigh on housing starts in first half of year: CMHC + MORE Sep 10th
Canada Mortgage and Housing Corp. says growth in overall housing starts was flat during the first half of the year compared with 2024, though there were significant regional differences..... More »
Spotlight On Mortgages: Will The Rate Wars Start Early This Year?
– ratesupermarket.ca
It’s been a good week for mortgage shoppers seeking a discount – several of the big banks have chopped 10 basis points or more off their most popular fixed rate offerings. RBC led the pack, covertly discounting their five-year fixed rate to 3.69 over the weekend. Scotiabank and BMO soon followed, with TD being the latest lender to jump into the fray.
The banks are finally reacting to lower government of Canada bond yields, which have been sliding since the beginning of the month. This latest round of discounting has narrowed the gap between the larger lenders and discounted rates. For example, the lowest five-year fixed in Ontario currently sits at 3.19 per cent – just 50 basis points under RBC’s offer.
Is It Time To Lock In To Fixed Rate Mortgages?
So, should you jump into the housing market now, or wait for even better deals? While we can’t predict whether rates will slide slower, consider this: yields, which fixed rates are based on, are directly affected by global investor sentiment…
And The Award Goes To…
– ratesupermarket.ca
Announcing the Best of Finance 2013! We are so proud to share this year’s rankings with you, which highlight finance products with the highest value. Read on for the winners in credit cards, mortgages, learning resources and more!
In other news, Canada’s housing market was thrust back into the spotlight this week, as news of lender mortgage rate cuts abounded and the Bank of Canada rolled out its latest interest rate announcement. It has many wondering if this winter is a prime time for jumping into the housing market – be sure to check out our coverage of the announcement below, as well as this week’s Mortgage Spotlight to get caught up.
Canadians To Cash In With Best Of Finance Awards
What credit card earns the greatest rewards? Are all bank accounts built alike? Many Canadians aren’t offered these answers when seeking out the best personal finance products for their needs, despite what they could be saving. To fill this knowledge gap, RateSupermarket.ca has unveiled the 2013 edition of the Best of Finance Awards, a ranking of the very best credit cards, mortgages, bank accounts and more…
