Everyday there’s another news headline about just how hot Toronto’s housing market is, but should you really believe everything you hear? Here’s why you should read between the lines.
Fixed rate mortgages are pretty straightforward, but a variable rate mortgage depends on the Bank of Canada’s overnight lending rate. So what happens if that rate should change? Read on to find out!
The challenges continue for prospective homebuyers in Toronto and Vancouver, with skyrocketing prices, a dwindling supply in detached homes and no overnight rate hike in sight. Read on for the latest messages and advice from experts to find out what’s best for you.
As expected, the Bank of Canada has decided to keep the overnight lending rate at 0.5 per cent. Read on for more on how this will affect your mortgage and the factors behind keeping the status-quo.
Ready to buy a home? Make sure you’re aware that you’ll be paying for much more than just the home itself. Here are some of the costs to keep in mind.
There’s no slowdown in sight for home prices in Vancouver and Toronto, and that has the Bank of Canada worried. Here’s what Governor Stephen Poloz is saying about its impact on our local and greater economies.
Buying a home? Savvy mortgage shoppers know comparing the market for the best rate is a great way to score a better deal on home financing. But a truly great rate includes more than just the cheapest pricing. Check out these essential mortgage features – and ask for them by name.
It can be easy to focus on interest rates when choosing a mortgage, but deciding on a long or short term mortgage can have a big impact on your payments. Read on to explore the pros and cons of each – and what to expect if you try to break your mortgage term early.
Are you planning to buy a home? You’ll need to shell out for at least part of your purchase up front. Saving for a down payment is an important part of the home buying process – and the size of your down payment can even impact how much of a mortgage you qualify for.
Is your credit score mortgage ready? Many Canadians don’t know the state of their score before starting the pre-approval and application process – and they could be in for a nasty surprise. Here’s what you need to know about your score – and how you can improve your chances of qualifying for a mortgage.