Mortgage rates just keep making headlines this spring, as lenders cut their offerings even lower to attract warm-weather buyers. Despite skyrocketing home prices in Canada’s biggest markets, it’s still a great time to be a mortgage buyer. Check out our coverage of this week’s action below.
In other news, a recent study found nearly 40% of younger banking customers would be willing to switch to an online only bank. But don’t wave goodbye to the branch just yet; our own poll found customers are decidedly split. Read on to learn more!
June Mortgage Rate Wars – Just Heating Up?
Canada’s housing market is really starting to sizzle – this week, we saw yet another big bank drop their five-year fixed rate to sub-2.99 per cent! The good news – our expert panel believes these super-competitive lender conditions will stick around throughout the summer! Check out this month’s edition of the Mortgage Rate Outlook Panel to see what’s in store for fixed and variable mortgage rates.
Read Penelope’s Blog | June Mortgage Rate Wars
The Best Free Summer Concerts Hosted by Banks
You likely don’t consider banking to be part of your fun summer plans – but did you know Canada’s big 5 will be turning up the heat with a variety of concerts, events and giveaways? We’ve rounded up the best (and mostly) free music events and festivals this year – all sponsored by lenders. Don’t miss our lineup!
Read Sean’s Blog | The Best Free Summer Concerts Hosted by Banks
How To Teach Charitable Giving To Your Kids
It’s important to foster a sense of charity and giving in kids – especially as they’re surrounded by messages of consumerism and the value of “stuff”. Guest poster and pro mom blogger Désirée Fawn of SoFawned.com shares how she encourages the charitable spirit within her own family.
Read Desiree’s Blog | How to Teach Charitable Giving to Your Kids
Credit Card Review: RBC Visa Infinite Avion
RBC’s flagship travel card is a popular option, offering a huge 15,000-point bonus. But is it the right fit for your spending habits? Read on for our breakdown of what’s great – and what’s not – about this card.
Read Penelope’s Blog | Credit Card Review: RBC Visa Infinite Avion
Bank of Canada June 4 Announcement: No Change to Rates
There’s no change once again for central rates, as the economy shows weaker-than-expected performance in the first part of the year. What does this mean for debt payers and investors?
Read Rubina’s Blog | Bank of Canada June 4 Announcement: No Change to Rates
Young Canadians 40% More Likely to Switch to Online Branchless Bank
Would YOU switch to an online branchless bank? Younger Canadians are almost half as likely to ditch the face-to-face banking experience in exchange for convenience – and are also more willing to bank with non-traditional lenders such as media and telecomm companies.
Read Jaclyn’s Blog | Young Canadians 40% More Likely To Switch to Online Branchless Bank
Yes – You DO Need a Condo Home Inspection
An advantage to condo living is all maintenance and repairs are handled by the board, and included in your condo fees… right? Turns out, owners could be on the hook for certain fixes – meaning it’s just as important to invest in a home inspection when making your condo purchase.
Read The Housing Block’s Blog | Yes – You DO Need a Condo Home Inspection
4 Essential Mortgage Features to Ask For
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.
Read Penelope’s Blog | 4 Essential Mortgage Features to Ask For
This week, we asked the Twitterverse:
Would you switch to a branchless, online-only bank?
Looks like our followers still value face-to-face customer service, and aren’t ready to go completely online for their banking.
Want your chance to WIN a $300 grand prize (or 1 of 2 $50 runner up prizes)? Answer this week’s Q:
Weekly Link Lineup
How are poker winnings in Canada taxed? Winning big with online poker isn’t as straightforward as it sounds. Check out this breakdown of your tax responsibilities as a winner – whether you’re playing for fun, or as a business. Via Canadian Personal Finance
Nickle and diming doesn’t pay: Financial advisors would actually earn more over the course of their careers as a result of lowering their fees – $1 million more! Via Wheredoesallmymoneygo
How student loans can hurt your mortgage chances: Don’t let lingering post-secondary debt wreck havoc with your credit score or cheapen your assets. Check out these tips for being in great borrowing shape come house hunting time. Via My University Money