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
Record Low Mortgage Rates to Resist Economic Uncertainty + MORE Jun 18th
RateSupermarket.ca’s expert panel says global bond fluctuations won’t impact lender discounts
Recent headlines may point to economic unease internationally and at home, but mortgage shoppers can count on ultra-low mortgage rate pricing to last throughout the summer. RateSupermarket.c.... More »
CMHC again moves to tighten mortgage insurance rules as housing market cools + MORE Apr 25th
OTTAWA – CMHC is moving yet again to tighten the home mortgage market with changes that would make it more difficult for certain Canadians to obtain government-secured financing for real estate purchases.
The Canadian Mortgage and Housing Corporation says that as of May 30 it will no longer in.... More »
What is the “Best” Mortgage Rate? + MORE Sep 19th
Six in 10 mortgage consumers choose brokers, in large part because they think brokers will get them the best rate. All too many of those people associate the “best” rate with the “lowest” rate. Mortgage professionals know that’s not generally true, but convincing clients of this isn’t al.... More »
MoneySense has a new look Apr 25th
We have exciting news: MoneySense has made some upgrades. The core of what we do will stay the same—we’ll continue to bring you high-quality content from the best financial experts in Canada—but we have a fresh new look.
Why are we changing?
We want you to have the best possible expe.... More »
Mortgage Digest: 50% odds of a 50-bps October rate cut, experts say + MORE Oct 4th
A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases..... More »
Top 10 Mortgage Tips for 2014
– canadamortgagenews.ca
A peek at the year ahead: Our Top Ten Mortgage Tips for 2014! Your home may be the biggest investment you’ll ever make. That means you want to be smart with your mortgage. Although we can’t say for sure what mortgage rates will do – or how the housing market will shift – we have […]
Survey shows US homebuilders’ confidence and outlook for sales into next year improving
– canadianbusiness.com
U.S. homebuilders’ confidence bounced back strongly this month, suggesting many will ramp up construction and hiring in coming months.
The National Association of Home Builders/Wells Fargo builder sentiment index climbed to 58. That’s up from 54 in November and matched an eight-year high reached in August. Readings above 50 indicate more builders view sales conditions as good, rather than poor.
This month, builders’ view of current sales conditions jumped to the highest level in eight years, while their outlook for sales heading into next year’s spring home-selling season also improved.
Builders’ outlook is rising again after dimming during the 16-day partial shutdown. The index is 11 points higher than a year ago, reflecting a U.S. housing market fueled by steady job growth and still-low mortgage rates.
The post Survey shows US homebuilders’ confidence and outlook for sales into next year improving appeared first on Canadian Business.
The National Association of Home Builders/Wells Fargo builder sentiment index climbed to 58. That’s up from 54 in November and matched an eight-year high reached in August. Readings above 50 indicate more builders view sales conditions as good, rather than poor.
This month, builders’ view of current sales conditions jumped to the highest level in eight years, while their outlook for sales heading into next year’s spring home-selling season also improved.
Builders’ outlook is rising again after dimming during the 16-day partial shutdown. The index is 11 points higher than a year ago, reflecting a U.S. housing market fueled by steady job growth and still-low mortgage rates.
The post Survey shows US homebuilders’ confidence and outlook for sales into next year improving appeared first on Canadian Business.
5 Ways To Treat Yo Self… And Actually Save Money!
– ratesupermarket.ca
Are you planning on buying a gift for yourself this holiday season? You’re not alone – self indulgence is on the rise – after all, Oxford Dictionary declared 2013 to be the “year of the selfie”! And, a RateSupermarket.ca poll found a full 67 per cent of Canadians plan to treat themselves this holiday season while checking off their gift lists.
Seems expensive? Treating yourself doesn’t have to be – in fact, in can be downright financially responsible! Here are five great ways to spoil yourself and invest in your financial future.
#1 – Turn $1 into $1,485
Open up an online savings account right now and deposit $1. Each week, increase your savings by an additional dollar. In one year, you’ll have $1,485 saved (assuming you’re getting a 1.90 per cent return on your savings account.
With $1,485 savings in hand for next year treat yo-self to a vacation, a spa day, a hockey game, or (even better) a holiday season already paid for. Voila: an easy way to save money!
#2 – Pay Down That Mortgage
Sounds boring – but consider this: an extra $1,000 a year will save you $10,747 in interest over the course of your mortgage on average! (Check out our Mortgage Save Infographic for more details…
