March 3rd, 2020
Home mortgage loans have been the solution to financing the needs of both aspiring and existing homeowners who want to put UP their property as a guarantee. A common attribute … [read more]
February 25th, 2020
A consensus is emerging among economists tracking the trajectory of Canadian interest rates for 2020 : rates are heading down in the first half of the year. TD is the … [read more]
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February 24th, 2020
The federal government and a federal banking regulator are planning to tweak mortgage stress tests in time for the busy spring home-buying season, a move that could make it easier … [read more]
Comments Off on Mortgage Stress Test Changes Take Effect on April 6th Aimed at Adjusting The Benchmark Rate
February 20th, 2020
According to a recently conducted survey conducted by Rates.ca, Canadian mortgage shoppers are willing to sacrifice in-person mortgage assistance if it means securing a lower interest rate. Although 72 percent … [read more]
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February 10th, 2020
A third of first time buyers have been forced to ask their families or friends for financial assistance in order to buy a home, the National Association of Realtors has … [read more]
Comments Off on 78% of 1st-Time Homebuyers Used in Combination of Own Savings with Financial Gifts Received from Family
February 5th, 2020
The Bank of Canada announced this week that it would leave its mortgage market-influencing key interest rate unchanged again. This development — or lack thereof — did not come as … [read more]
Comments Off on Key Interest Rates Cut May Start by Mid-Year
January 30th, 2020
The Home Buyers’ Plan (HBP) is one of several tools offered by the federal government to make it easier for first-time home buyers to get into the housing market. A … [read more]
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January 23rd, 2020
You may be looking for some cash if you overdid the holiday spending. Many people are taking advantage of refinancing during this long stretch of low mortgage rates. An interest … [read more]
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January 20th, 2020
For many Canadians, buying a home can be a challenging and stressful experience fraught with worry. Indeed, a recent survey from Zillow and Ipsos found that 92% of Canadians see … [read more]
Comments Off on Canadians Raise Concerns Over Stricter Mortgage Regulations
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]
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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]
Comments Off on Canadian Homebuyers will See Borrowing Rates Stay Relatively Low Through 2021
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]
Comments Off on Mortgage Rates to Remain Stable
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]
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