Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Latest in mortgage news: Borrowers must adapt to ‘new normal’ of higher rates, says Macklem + MORE Jun 17th
Interest rates may slowly start to be easing around the world, but they won't be returning to pandemic levels and borrowers will need to adjust accordingly..... More »
FICOM Proposes More Compensation Transparency + MORE Oct 23rd
How would you like to know what your mortgage broker is earning on your mortgage? In B.C., you may soon find out. The mortgage broker regulator there plans on doing what no other major province has done: force mortgage brokers to disclose how much they’re earning from lenders on your mortgage..... More »
What happens when the mortgage co-signer dies? Feb 10th
Q: My grandfather passed away and he was my mortgage co-signer. My loan is current. I have made all payments. My grandfather has assets, estate. A good amount. Will my home be included in any of that or be paid from any of that? If they went after his assets and the home was paid, would it still be.... More »
Latest in Mortgage News: Toronto Home Prices Set July Record Aug 9th
The rebound for Toronto home prices continued in July, with the average selling price reaching a record $943,710. That’s a 16.9% increase compared to a year earlier, according to the Toronto Regional Real Estate Board (TRREB). Home sales in the Greater Toronto Area were up 29.5% in July compar.... More »
17% of condo owners in Toronto, Vancouver bought for investment + MORE Aug 9th
Almost one out of five condominium owners in Toronto and Vancouver have bought another unit in order to use as an investment, according to a new Canada Mortgage and Housing Corporation survey..... More »
Mortgage Career of the Week
– canadianmortgagetrends.com
Company: Street Capital Position Title: Marketing & Sales Coordinator Previous Experience Required: 1-3 years relevant experience Licences or Registrations Required: No Location of Position: Toronto, Ontario Applicants may contact: laura.shelton@streetcapital.ca…
Verico Butler Mortgage Inc – 2 year Closed : 2.67% (0.08%)
– ratesupermarket.ca
Verico Butler Mortgage Inc 2 year Closed mortgage rate was changed on July 08, 2013
Coast Capital Savings – 4 year Closed : 3.25% (0.11%)
– ratesupermarket.ca
Coast Capital Savings 4 year Closed mortgage rate was changed on July 09, 2013
Spotlight On Mortgages: July 19, 2013
– ratesupermarket.ca
Economy On Track To Recovery… Eventually
Canada’s economy and housing market may still be in a state of recovery but the gap is starting to close, according to the latest economic indicators. This week’s Bank of Canada Monetary Policy and rate announcement, coupled with new June data from the Canadian Real Estate Association, point to a healing market that, while still below precedented growth levels, appears to be normalizing.
Bank of Canada Announcement: Economy Still On Track
The BoC is keeping its Overnight Lending Rate at one per cent once again, a trend unbroken as of September 2010. The rate, which sets the standard for variable mortgage rates and the cost of borrowing, has been kept low by the Bank as a stimulus measure – cheap money encourages consumers to spend, pumping up the economy.
It’s not surprising that the rate will remain for the near future; some economists had speculated that new BoC Governor Stephen Poloz would take the opportunity to introduce change, but the latest edition of Monetary Policy shows that our economy just isn’t ready to put an end to these measures, and won’t be until next year…
Coast Capital Savings – 5 year Closed : 3.49% (0.15%)
– ratesupermarket.ca
Coast Capital Savings 5 year Closed mortgage rate was changed on July 09, 2013
