My Province Is More Financially Savvy Than Yours: RBC Survey
Economic News / Personal Finance / Personal Finance News

My Province Is More Financially Savvy Than Yours: RBC Survey

When it comes to personal finance, Canadians are know-it-alls. Or at least they think they are, according to the RBC Canadian Consumer Outlook survey. On a national scale, 70 per cent of Canadians rate their own financial knowledge as “excellent / good”, while another 65 per cent think the average Canadian’s ranks as “not very good” when it comes to financial know-how. Continue reading »

Friday Mortgage Round Up: August 17th, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up: August 17th, 2012

The CMHC had added their predictions to the cooling housing market pile – and they’re fortunately less extreme than past calls of a 10 per cent drop. While they’re forecasting a slowdown in pricing, new construction and existing home sale figures, Canada’s housing market is still sitting pretty compared to the U.S., where 4 million homeowners are now underwater on their mortgages. Continue reading »

5 Year Fixed Mortgage Rates Go Even Lower To 2.89 Per Cent
Mortgage News / Mortgages

5 Year Fixed Mortgage Rates Go Even Lower To 2.89 Per Cent

Earlier this week, we couldn’t believe our eyes when we saw the already ground-level 5 year fixed mortgage rate drop to a record of 2.94% in Ontario. Taking into account the roller coaster nature of these rates, we wondered: how long could this rate stay around? And could it go even lower? Our musings were answered today as rates dipped even lower to 2.89% – and this time, more provinces are getting in on the action. Continue reading »