January 15th, 2020
Probably the biggest difference between a real estate investor and a homeowner is how they approach financing a property purchase. Investors look for creative financing solutions that meet their investing … [read more]
January 7th, 2020
We already know Canadian mortgage rates are expected to stay low through 2020, barring any surprise economic shocks. After leaving it steady through 2019, the Bank of Canada has already … [read more]
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December 20th, 2019
Of all the surprises that 2019 had in store for Canadian home buyers, consistently low mortgage rates were certainly among the more pleasant and unexpected. Earlier in the year, the … [read more]
Comments Off on Canadian Mortgage Rates will Remain Low in 2020
December 8th, 2019
The Bank of Canada, which sets the cost for consumer lenders’ mortgage and borrowing rates, opted to leave its trend-setting rate untouched in its December announcement, keeping it at 1.75% … [read more]
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December 6th, 2019
If you recently purchased a new home or refinanced your lending agreement, then there is little doubt the topic of mortgage insurance has come up. Whether broached by your partner, … [read more]
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December 5th, 2019
After a long period of relentless home price increases, affordability is starting to improve in a number of Canada’s most expensive cities. According to the National Bank of Canada’s third … [read more]
Comments Off on How Much You Need to Earn & Save? How Much You Can Afford?
November 25th, 2019
There are many compelling reasons already to purchase term life insurance, as anyone with young children or other family dependents knows. It protects your family and loved ones if anything … [read more]
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November 6th, 2019
The Bank of Canada has opted to hold its trendsetting interest rate at 1.75% in its October announcement. It is the eighth month in a row the central bank has … [read more]
Comments Off on BoC Remains Optimistic About Canadian Economy & Leaving Room for Future Rates Cuts
November 4th, 2019
The Canadian labour market is strong and wage growth is encouraging, but still, the Bank of Canada can’t seem to shake the feeling that something bad is going to happen. … [read more]
Comments Off on Where Mortgage Rates are Heading in The Coming Months & 2020?
October 2nd, 2019
If you’re looking to purchase a home in the near future, you may have been discouraged by the sky-high prices of real estate these days, especially in certain metropolitan areas … [read more]
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October 1st, 2019
Five-year discounted mortgage interest rates are still falling and will drop to an average of 2.77% by the end of the year, then hold firm for a full year, according … [read more]
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September 27th, 2019
If there is one thing that most families would actually want to have, it is their own home. People from all walks of life would want to have a permanent … [read more]
Comments Off on Private Mortgage Loan Basics & Is It Right for You?
September 24th, 2019
The typical home buyer spends more than four months shopping for the perfect place. They tour an average of more than four homes, attend two open houses and make two … [read more]
Comments Off on Why Homebuyers Really Need to Shop Around for A Mortgage?
September 10th, 2019
A panel of experts says the Bank of Canada’s next move will be a rate cut, and nearly half expect policymakers to pull the trigger before the year’s end. Five … [read more]
Comments Off on A Rate-Cut Move will be Motivated by International Pressures
September 5th, 2019
Canada’s mortgage market has been turned upside down, and it’s giving borrowers an uncommon advantage, a new report suggests. “With long-term rates lower than short-term rates, home buyers have had … [read more]
Comments Off on A “Rare Opportunity” for Canadian Mortgage Borrowers
September 4th, 2019
The Canadian housing market appears to have found its footing, and that’s one reason the Bank of Canada doesn’t need to follow in the footsteps of other central banks as … [read more]
Comments Off on Canadian Policymakers are Better Positioned from Slashing Interest Rates
August 24th, 2019
Buying your first home is one of life’s biggest decisions. It can also be one of the most stressful. Knowing what types of mortgages are available can help you make … [read more]
Comments Off on Which Mortgage Option is Best for 1st-Time Homebuyers?
August 22nd, 2019
Pros and Cons of Paying Off Your Home Mortgage Early When you buy your first home, you soon learn that life is all about making the right financial decisions. Everything … [read more]
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August 19th, 2019
Many Canadians might want to start their homebuying journey by contacting a realtor and scoping out open houses, but their first step should actually start in a lender’s office. The … [read more]
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August 15th, 2019
Stressed out about Canada’s mortgage stress test? Mortgage-comparison website RateSpy recently rounded up four “loopholes” for homebuyers trying to qualify under the tougher rules. The rules, introduced in January 2018, … [read more]
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August 7th, 2019
Unregulated lenders are doling out more short-term loans tied to property investments, and that might amplify a Canadian home price downturn, one economist warns. Stephen Brown, senior Canada economist with … [read more]
Comments Off on Last-Resort Lenders are Making a Bigger Splash in Mortgage Market
August 6th, 2019
For the first time in three years, the Bank of Canada has lowered its five-year qualifying mortgage rate, from 5.34% to 5.19%. This provides some slight relief for home buyers … [read more]
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