Change may be in store for amortizations on low ratio mortgages. How would additional borrowing restrictions further impact the Canadian housing market?
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The results are in from RateSupermarket.ca’s ultimate Mothers Day giveaway! It’s time to unveil our winner!
This week’s Mortgages spotlight – housing starts decline across Canada in April, and condo developers face a credit crunch of their own.
The May edition of the Mortgage Rate Outlook Panel has arrived, and experts are calling for continued stability for both fixed and variable mortgage rates.
Earlier this week, outgoing Bank of Canada Governor Mark Carney spoke on the lessons learned for monetary policy makers from the financial crisis. Let’s take a look at how the Banks of Canada’s actions have protected us from the recession – and the lasting effects on our housing markets and overall economy.
What’s the real cost of moving out of your parents’ home? RateSupermarket.ca crunched the numbers and found it was $5,397.50! No wonder new grads are choosing to live with their parents for longer, as these steep financial hurdles make it challenging to gain independence.
New Forecasts For Economic and Housing Market Growth Are Lower Than Expected The latest Rate Announcement was released by the Bank of Canada on Wednesday, stating that, once again, the Overnight Lending Rate would remain at one per cent. The announcement, Mark Carney’s second last in his position as BoC governor, hardly came as a …
Home buyers continue to shy away from the market, opting instead to grow their down payments, even with today’s record low mortgage rates. We break down the economic factors that may be influencing Canadians to hold off on their home purchases.
You can try subtle hints. You can yell and scream. You can even stop cooking their favourite dish. But if your adult child is still living at home, no amount of badgering or bad cooking is going to get them to move out. A special prize pack, full of furniture and groceries, however, might do the trick!
The thermostat may be rising, but the same can’t be said for mortgage rates in the month of April. RateSupermarket.ca’s expert mortgage panel forecasts stable conditions for both fixed and variable mortgage rates for the near future.