Bank of Canada Maintains Interest Rates
Economic News / Mortgage News / Mortgages

Bank of Canada Maintains Interest Rates

The Bank of Canada announced this morning, September 10, 2009, that it is maintaining the overnight rate target at 1/4 per cent and says it is intent on keeping the promise to keep the main interest rate at this level until June 2010. The Bank also announced that: Global economic and financial developments have been … Continue reading »

2009 Mortgage Consumer Survey Results
Mortgage News / Mortgages

2009 Mortgage Consumer Survey Results

The CMHC (Canadian Housing and Mortgage Corporation) which provides mortgage insurance to Canadians with less than 20% deposits on home purchases, completed an on-line survey of 2,507 recent mortgage consumers — all prime decision-makers — and the result is a unique perspective on attitudes and behaviours. Their key findings include: Mortgage Clients are Optimistic An … Continue reading »

Canadian Housing Price Survey and Forecast Released
Mortgage News / Mortgages

Canadian Housing Price Survey and Forecast Released

Royal Lepage recently released their Market Survey Forecast and House Price Survey which found that it Canada’s resale housing market had recovered lost ground in Q2 2009 and is well positioned to stabilize for the remainder of the year, after a very slow start. As the economy begins to stabilize and consumer confidence improves, house … Continue reading »

Citizens Bank Stops Offering Mortgages
Mortgage News / Mortgages

Citizens Bank Stops Offering Mortgages

The Globe and Mail reported that Vancity’s online banking arm, Citizens Bank, will stop offering residential mortgages and focus solely on credit cards and foreign exchange services for non-retail members. This has resulted in Vancity selling the majority of its retail loans, including mortgages, personal loans and secured lines of credit, to TD Canada Trust. … Continue reading »

Bank of Canada Holds Interest Rates Steady
Economic News / Mortgage News / Mortgages

Bank of Canada Holds Interest Rates Steady

The Bank of Canada announced today that they’re holding interest rates steady with their target for the overnight rate at 0.25%. The central bank reported that all information received since their last rate announcement in April is consistent with their outlook for economic performance and inflation, therefore, no action was needed. They expect the global … Continue reading »

RateSupermarket.ca Now Compares Term Life Insurance Products
Insurance News / Life Insurance 101 / RSM News

RateSupermarket.ca Now Compares Term Life Insurance Products

March 17, 2009 – Today, RateSupermarket.ca, Canada’s mortgage rate comparison website, launched a new Life Insurance comparison engine. Similar to the very popular Mortgage Rate and Credit Card comparison tools, the life insurance feature allows Canadians to easily compare various life insurance products including term life insurance, mortgage life insurance and whole life insurance.  Rates are offered by … Continue reading »