They say April showers bring May flowers, and thus far this season, great deals have bloomed for mortgage borrowers. Our expert panel says buyers can expect to access great discounts for their home financing – a sure sign of relief for those struggling to afford a home in Canada’s most competitive markets.
However, conditions aren’t so sunny for some rewards credit cardholders, as reports of point redemption frustration surface. Read on for the full story, and what it means for your finances.
Low Rates to Put a Spring in Home Buyers’ Steps
Great news for home buyers and mortgage renewers: the record-low rate pricing introduced in March is expected to stick around for the spring season, according to our experts’ forecast. Read on for our Mortgage Rate Outlook Panel’s full take on what’s in store for both fixed and variable mortgage rate pricing – and see if a great mortgage discount is in your near future.
Read Penelope’s Blog | Low Rates to Put a Spring in Home Buyers’ Steps
Cardholders Increasingly Frustrated by Aeroplan Rewards Shortage
Popular rewards giant Aeroplan has come under fire with consumers recently, as many have experienced difficulty booking travel with their rewards. Part of the issue is the program’s booming consumer base – with so many trying to cash in, there are fewer travel rewards to go around. Read on for the full story.
Read Allan’s Blog | Cardholders Increasingly Frustrated by Aeroplan Rewards Shortage
CMHC and Genworth Hike Mortgage Insurance Premiums by 15%
Home buyers paying less than 10% down can expect to shell out more over the course of their mortgage – CMCH and Genworth, two of the three providers of mortgage default insurance in Canada, have hiked premiums by 15% for this buyer group. The changes are sure to put the squeeze on many first-time home buyer budgets. Read on to see how it could affect you.
Read Allan’s Blog | CMHC and Genworth Hike Mortgage Insurance Premiums by 15%
Land Transfer Tax and Mortgage Registration Fees Hiked in Alberta
A not-so-nice surprise for Albertans; home buyers can expect their land transfer tax and mortgage registration fees to rise as the province feels the squeeze from dropping oil prices.
Read Rubina’s Blog | Land Transfer Tax and Mortgage Registration Fees Hiked in Alberta>
The Tricky Tax Lowdown for Canadian-Owned U.S. Properties
Canadian-owned U.S. properties can be a great investment, as the American market experiences an uptick. But, there are tax rules you should know about – especially if you rent your unit or plan to see. Gordon Powers breaks it down.
Read Gordon’s Blog | The Tricky Tax Lowdown for Canadian-Owned U.S. Properties
This week, we asked our Twitter followers:
Are today’s record low mortgage rates tempting you to buy a home?
62.5% – Yes!
37.5% – Nope.
Want your chance to win? Tweet your answer to this week’s Q:
Do you plan to make any value-adding renos to your home this season?