Major Changes in Europe Mean NO Changes in Canada

Major Changes in Europe Mean NO Changes in Canada

Increased uncertainty in Europe and the wider global economy will cause Canada to sit back and wait before making any major changes to interest rates that could potentially derail its economic growth. While this waiting game plays out, RateSupermarket.ca’s panel of mortgage experts expect both fixed and variable mortgage rates to remain unchanged in the short term.
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Friday Mortgage Round Up: May 4th, 2012

Friday Mortgage Round Up: May 4th, 2012

Back in March of this year, OSFI (Office of the Superintendent of Financial Institutions Canada) released their draft recommendations to banks and other federally regulated lenders to tighten underwriting practices. The OSFI was calling on banks to submit their feedback to the suggested changes with the deadline being this past Tuesday, May 1st.
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Majority of British Columbians In Denial About Personal Debt

Majority of British Columbians In Denial About Personal Debt

A whopping 60.5% of British Columbians are not comfortable with their current level of debt, in line with the rest of Canada. This according to an independent survey from RateSupermarket.ca, Canada’s largest impartial rate comparison service. Among the 532 respondents from BC, the leading cause of debt concern by far (36.7%) is credit card debt.
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MORTGAGE OUTLOOK PANEL

Want to know what the outlook is on mortgage rates for the next 30 to 40 days? Our panel of mortgage experts share their views on Canadian Mortgage Rate Trends.

Panel Consensus
May 2012

Fixed Mortgage Rates
Unchanged
Variable Mortgage Rates
Unchanged
Mortgage Rate Outlook Panel
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