Bank of Canada Holds Key Rate Following Mortgage Changes, Revises Economic Outlook
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Bank of Canada Holds Key Rate Following Mortgage Changes, Revises Economic Outlook

As expected, the Bank of Canada is holding the overnight lending rate at 0.5 per cent – where it’s been since July 2015. Read on for the Bank’s revised forecast for the Canadian economy. Continue reading »

New Federal Mortgage and Real Estate Rules Announced
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New Federal Mortgage and Real Estate Rules Announced

Applying for a mortgage? Already own a home? The federal Liberals have announced mortgage changes that will have an impact on homebuyers and homeowners. Read on to find out what these are and how they will affect you. Continue reading »

No Change in Overnight Lending Rate: Bank of Canada Announcement
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No Change in Overnight Lending Rate: Bank of Canada Announcement

No surprise this time around: The Bank of Canada is leaving the overnight lending rate at 0.5 per cent – where it has been since July of 2015. Read on to find out how this will impact fixed and variable rate mortgages. Continue reading »

12 Months to Being Debt Free – August
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12 Months to Being Debt Free – August

If you’ve followed along since January, you’re now eight months into your debt free journey! But high interest could be holding you back from erasing all your debt before the curtain closes on 2016. Read on to find out what you can do to lower your interest payments and speed up your repayment timeline. Continue reading »

How Interest Rate Changes Affect Your Variable Rate Mortgage
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How Interest Rate Changes Affect Your Variable Rate Mortgage

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! Continue reading »

CMHC Reports $14 Billion Mortgage Insurance Decline
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CMHC Reports $14 Billion Mortgage Insurance Decline

The CMHC is the biggest provider of mortgage insurance in Canada, but recent efforts have focused on reducing their involvement with high-risk mortgages. The Crown Corporation reported $14-billion decline in insured mortgages in their 2014 annual report. Great news for taxpayers – but what does that mean for prospective borrowers? Continue reading »