Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
New Year, New Rate Trends + MORE Jan 16th
RateSupermarket.ca’s expert mortgage panel calls for rate rise despite bond dive
There may be uncertain times ahead for mortgage borrowers, as banks and policy makers deviate from economic norms when pricing interest rates. Fixed-rate borrowers have already witnessed a slight pricing increase fro.... More »
Making it all work + MORE Dec 30th
(Photograph by Jennifer Roberts)
We invited our readers in January to take an active role by writing to us and explaining in a few sentences why they needed a personalized money makeover with a MoneySense Approved Financial Advisor. We got close to 400 letters and, in the end, chose two couples and .... More »
Mortgage Career of the Week + MORE Jul 1st
Company: Bello Mortgage Corp. Ltd. Position Title: Mortgage Agent/Broker Years of Experience Required: NA Licences Required: Mortgage Agent/Broker Location of Position: Anywhere in B.C. Applicants may contact: info@bellomortgage.ca Advertise your mortgage Read More.... More »
Household debt rises to another record + MORE Mar 13th
Canadian household credit market debt, which includes consumer credit, mortgage and non-mortgage loans, increased to $1.9 trillion at the end of last year.... More »
Latest in Mortgage News: New Immigrants Driving Housing Demand Oct 28th
The growing demand for real estate in Canada is being driven largely by newcomers, who are making one out of every five home purchases in the country, according to a new survey. New immigrants to Canada (defined as those who have arrived within the last 10 years) represent 21% of homebuyers and are .... More »
DUCA Financial Services – 3 year Closed : 3.29% (0.1%)
– ratesupermarket.ca
DUCA Financial Services 3 year Closed mortgage rate was changed on October 30, 2013
Why A Competitive Grocery Market Is Good For Consumers, Bad For Investors
– ratesupermarket.ca
There’s never been a better time to shop the aisles of your local supermarket. Retailers have ramped up deals and lowered prices like never before in this ultra-competitive marketplace. This may be a big win for consumers, but it comes at the expense of the bottom line of grocery retailers. And, as discount grocers struggle with their earnings due to competition, it’s negatively affecting their shareholders.
Grocery Market Competition Heats Up
There’s a good reason Amanda Lang from The Lang & O’Leary Exchange often says you should hug your grocer. Grocers have among the lowest profit margins of any industry. When the market is only growing at less than one per cent and grocery square footage is growing at three to four per cent, something has got to give. Finance Minister Jim Flaherty once described the mortgage market as “a race to the bottom,” but that seems to better describe the grocery industry.
Grocery chains are increasingly competing purely on price, as they try to gain new customers and maintain their market share…
DUCA Financial Services – 5 year Closed : 3.58% (0.1%)
– ratesupermarket.ca
DUCA Financial Services 5 year Closed mortgage rate was changed on October 30, 2013
Bank of Montreal – 5 year Closed : 3.79% (-0.1%)
– ratesupermarket.ca
Bank of Montreal 5 year Closed mortgage rate was changed on October 29, 2013
Key Stats from CAAMP's Fall 2013 Report
– canadianmortgagetrends.com
Amortizations are falling, rate discounts are increasing, people have flocked to fixed rates and volumes are down (following the 2012 mortgage rules). That’s a sampling of the trends highlighted in…
