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
How much income do you need to buy a home in Canada? A look at housing affordability in November 2025 + MORE Dec 24th
For a while there, it appeared Canada’s housing market was seeing shoots of improvement – but buyers retreated back to the sidelines in November, further dousing price growth and leading to overall improved affordability conditions. As reported by the Canadian Real Estate Association, home sales.... More »
How much does life insurance cost in Canada? + MORE Mar 23rd
Life insurance is often touted as the financial safety net we all need, but what if it’s an added expense you’re not sure you can afford? If that’s your thinking, you’re far from alone—a 2019 study showed that most Canadians are underinsured, with 49% having never purchased life insurance.... More »
How to Read Your Credit Report + MORE Jun 1st
Your credit report summarizes your credit history and helps lenders weigh your credit risk. Often your credit report is initiated when you apply for your first credit card. Over time it can help you reach your larger financial goals such as obtaining a rental agreement or mortgage. When you apply f.... More »
Kerzner: Your Involvement is Vital to the Mortgage Industry Dec 6th
We are all learners; as parents, as students, as leaders, as employees. An important part of learning, for me, is reflection. We can only really grow and improve when we take a good, hard look at what’s working and what’s not. My time has ended as Director of Ontario, and Executive Member of t.... More »
Mortgage brokers rated their lenders, and these are the results + MORE Apr 16th
If you want to know how mortgage lenders are performing in today’s volatile market, who better to ask than a mortgage broker?.... More »
Young couple with 2 kids struggling on $84,000 a year
– thestar.com
Eddie and Blair both work full time and have the usual gamut of mortgage, childcare and car expenses.TORONTO – The Bank of Montreal (TSX:BMO) has cut its five-year fixed mortgage rate by 20 basis points to 4.79 per cent.The bank has also changed a number of its other fixed mortgage rates, including its low- rate five-year mortgage, which also went down 20 basis points to 3.09 per cent.The rate for a 10-year fixed mortgage went down 65 basis points to 6.10 per cent, while the 10-year low rate declined 85 basis points to 3.84 per cent.The changes take effect Saturday.On Jan. 27, Canada’s biggest lenders reduced their prime lending rates, which influence variable rate mortgages and other products, to 2.85 per cent from three per cent.That was in response to the Bank of Canada’s surprise move to cut its overnight lending rate to 0.75 per cent from one per cent. However, the commercial banks passed along only some of the savings from the central bank’s policy move to their customers, shaving their prime rates by 15 basis points instead of the full 25.
Rate Cut Realities
– ratesupermarket.ca
The Bank of Canada’s Overnight Lending Rate cut may have been last week’s blockbuster, but all eyes have been on its spinoff – when and how Canada’s banks would react with their own Prime rate reductions.
Now that the first discounts have been put in place, questions remain – how will consumers – from variable borrowers to job hunters – be impacted?
Get the full story below.
Banks Cut Prime to 2.85%
It took a full week – but Canada’s big lenders have finally implemented a 15-basis-point discount to their Prime rates. Why were they so hesitant… and could another cut be a future possibility? And what’s in store for fixed-rate borrowers? Get the full story with this week’s Housing Headlines.
Read Penelope’s Blog | Banks Cut Prime to 2.85%
Savings Account Rates Cut Post BoC Announcement
Despite dragging their heels on mortgage discounts, RBC and TD wasted no time slashing the interest rates on two of their most popular savings products. What can savers expect in this super-low interest rate environment – and how can they continue to grow their money?
Read Sean’s Blog | Savings Accounts Rates Cut Post BoC Announcement
How Will You Be Affected By Lower Interest Rates?
The Bank of Canada’s rate cut has far-reaching implications for consumers, the economy and the housing market…
