Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Beware of “Friendly” Calls From Your Bank + MORE Jun 9th
For better or worse, Canadians have a lot of trust. In each other, in their government, in the places they eat, in the places they shop – and apparently in the places they bank. A 2020 survey found that seven out of 10 Canadians believe their banks have their best interest in mind when offerin.... More »
Housing starts stable in 2023, but demand still outpaces growing supply of apartments + MORE Mar 28th
The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartments—despite demand still outpacing supply for rental housing.
The agency released its biannual housing su.... More »
Technology’s Role in Canada’s Evolving Mortgage Industry May 29th
COVID-19 has dramatically changed the course of many industries and threatened the physical, mental and financial wellness of millions of Canadians. In the housing sector, real estate sales volumes have dropped significantly and rapid increases in unemployment have added uncertainty to many transact.... More »
If You're Priced Out Of Canada's Hot Housing Market - Stay Out + MORE May 6th
By Lydia McNutt
With steadily decreasing housing affordability -- according to popular opinion, as well as official sources like RBC Economics and Canada Mortgage and Housing Corp. (CMHC) -- there's no shortage of tips out there on how to save up for a home.
Hopeful homebuyers find themselves th.... More »
Q1 Earnings Mortgage Morsels: TD + MORE Mar 11th
TD Bank kicked off the first quarter with a 13% increase in net income, while the bank's U.S. division saw a 27% leap in earnings growth..... More »
Is seller financing an answer to CMHC restrictions?
– thestar.com
Real estate mortgage: Seller financing can work, but be sure everyone is on the same pageFirst Calgary Financial – 3 year Closed : 2.95% (0.16%)
– ratesupermarket.ca
First Calgary Financial 3 year Closed mortgage rate was changed on July 24, 2013
First Calgary Financial – 4 year Closed : 3.09% (0.2%)
– ratesupermarket.ca
First Calgary Financial 4 year Closed mortgage rate was changed on July 24, 2013
More on CMHC’s MBS Ceiling
– canadianmortgagetrends.com
When news broke last week about CMHC limiting securitization guarantees, it was commonly viewed as a new attempt by Ottawa to clamp down on mortgages. In fact, it was an…
Treasury rates mixed at weekly auction with 3-month bills rising to highest in 3 weeks
– canadianbusiness.com
WASHINGTON – Interest rates on short-term Treasury bills were mixed in Monday’s auction with rates on six-month bills unchanged while rates on three-month bills rose.
The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.055 per cent, up from 0.040 per cent last week. Another $25 billion in six-month bills was auctioned at a discount rate of 0.075 per cent, unchanged from last week.
The three-month rate was the highest since these bills averaged 0.060 per cent on June 24.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.61 while a six-month bill sold for $9,996.21. That would equal an annualized rate of 0.056 per cent for the three-month bills and 0.076 per cent for the six-month bills.
Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, edged up to 0.12 per cent last week from 0…
The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.055 per cent, up from 0.040 per cent last week. Another $25 billion in six-month bills was auctioned at a discount rate of 0.075 per cent, unchanged from last week.
The three-month rate was the highest since these bills averaged 0.060 per cent on June 24.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.61 while a six-month bill sold for $9,996.21. That would equal an annualized rate of 0.056 per cent for the three-month bills and 0.076 per cent for the six-month bills.
Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, edged up to 0.12 per cent last week from 0…
