RBC poll points to a shift in the real estate market.
It’s been one year since MoneyWise writer Sean Cooper reached his goal of being mortgage-free by the age of 30. How did he do it? Read on for his secrets and what he would do differently next time.
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?
Prospective home owners may see their affordability shrink as another set of mortgage rules are slated to go into effect this summer. Here’s what buyers need to know.
Pay nothing upfront, and only a small amount weekly or monthly – seems like a great deal for those big ticket household items, right? Well, as it turns out, rent to own retail models can cost you far more than your goods are worth. Here’s what you need to know.
It’s a new record for 5 year fixed mortgage rates at 2.74%! How much lower can we expect mortgage rates to go as we enter the typically hot spring mortgage season?
BMO’s ultra hot 2.99% 5 year fixed mortgage rate is back! Available for high ratio mortgages, and featuring full service payment options, it looks to be a great deal – but is it in your best interest to lock in low when interest rates may rise?
CREA (Canadian Real Estate Association) has once again revised its forecast for Canadian housing market activity as November numbers show sales are down 11.8 per cent from 2011.
It’s official – we’re seeing the lowest 5 Year Fixed rate ever as 2.94 per cent is now available for Ontario residents. We’ve crunched the numbers to see the kind of savings you could have with this full service mortgage rate- and how to tell when a mortgage product could be too good to be true.
OSFI has released their final draft guidelines on mortgage underwriting principles. Expected to be in full compliance by the end of the 2012/13 fiscal year, the guidelines are targeting the borrowing capacity of mortgage seekers, establishing sound appraisal processes as well as effective credit and risk management measures.