The Case of the Disappearing Variable Mortgage Rate Discounts

November 4, 2011 by Kelvin Mangaroo

The Case of the Disappearing Variable Mortgage Rate Discounts

Variable mortgage rate discounts have dropped 45 basis points in under two months, despite no change to Bank of Canada interest rates. The disappearing act isn’t over yet, says RateSupermarket.ca’s Mortgage Rate Outlook Panel for November 2011. It’s expected that variable mortgage rates could increase as discounts to prime shrink even more in the short term. The Panel also believes fixed mortgage rates will stay constant; lenders are unlikely to make any hasty decisions given the recent job loss numbers for October and the fluctuating bond market.
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Canada is Not The Master of its Destiny

October 26, 2011 by Rubina

Bank of Canada Governor Mark Carney continues to use the slowdown in the global economy as a crutch to leaving rates near historic lows. He’s again pointing the finger firmly at the European debt crisis indicating he can’t raise rates until the continent is able to gets its issues under control. For the first time he is using the R-word and hinting we could see a “brief recession” in Europe.
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Planning on Moving? Here’s What you Need to Know

October 3, 2011 by Melanie

Planning on Moving? Here’s What you Need to Know

Are you planning on moving house any time soon? Is the thought of the big move freaking you out? Hold on. Before you even get to that stage there are a few things you need to consider first.
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Mortgage Issues (and Solutions!) for Business Owners

September 28, 2011 by Diane

Mortgage Issues (and Solutions!) for Business Owners

When you own your own business, you still might want to do things like own your own home. Imagine that! Here we take a look at the major issue facing business owners when it comes to getting a mortgage and ways you can get around them.
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Lessons from Greece for Canada’s Youth

September 16, 2011 by Rubina

When it comes to borrowing money this isn’t normal. In fact, its as from normal as you can get. Interest rates are just above historic lows. Never in our lives has money been this cheap to borrow. As individuals there are some lessons we can learn from Greece.
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