History has been made with the lowest 5 year fixed mortgage rate ever seen in Canada – 2.44%, offered in Ontario, Alberta and British Columbia. Read on to see how much you could save with this rate.
Finance news 2013: From the Bank of Canada rate to BlackBerry, it has been a rollercoaster for Canadian finance news. Check out our top 5 headlines of the year.
Manulife Bank of Canada lowered their rate to 2.89%, only to retract it due to Finance Minister Jim Flaherty’s urging.
When it comes to your credit, how do you rank? If you’re like the majority of Canadians, there’s a good chance you aren’t sure – our recent poll found 70% of respondents were in the dark about their credit score.
Mark Carney says the Bank of Canada is behind fixed mortgage rate popularity, as lower-then-ever-options provide buyers with stability for less.
5 year fixed mortgage rates hit a new low this week, at 2.77%. This full service mortgage is available in Ontario and accessible to high ratio borrowers. Could we see more downward movement before next year’s anticipated rate hike?
The CMHC has forecasted that housing starts are to take a dip in 2013, and that mortgage rates will remain historically low. How does this bode for buyers entering the market?
Finance Minister Jim Flaherty stated plans this week for the eventual privatization of the CMHC. Would would this mean for the mortgage market and borrowers?
The latest consensus from RateSupermarket.ca’s Mortgage Rate Outlook Panel has been released for September 2012. Looks like both Fixed and Variable mortgage rates are to remain unchanged this month amidst global economic uncertainty and a consistent Bank of Canada interest rate.
Whatever happened to actually saving for a purchase? With Canadian debt levels at an 8-year high, it’s safe to say saving has become an antiquated concept. But when it comes to your mortgage, upping the down payment ante can make a HUGE difference for your return on investment. Want to learn more? We’ve crunched the numbers for you with our new Mortgage Calculator!