Is it a good idea to refinance your mortgage? Given the penalties for breaking a mortgage, it’s not always clear if you’ll save – here’s how to tell if refinancing is for you.
It seems Canadian bonds have been immune to the global bond sell off – in fact, demand for our bonds has reached its fastest pace in history, leading to low yields and fixed mortgage rate discounts. Can this low-rate reality last? Get the full story.
BREAKING: BMO’s at it again! The lender has introduced a 2.79% 5-year fixed – the lowest rate historically offered for this term from one of Canada’s nationally-regulated big banks.
With another rate announcement slated for March 4, borrowers and economists alike are waiting to see if the Bank of Canada will cut rates yet again. There are a number of economic factors that suggest the possibility. Read on for the full story.
Looking for the best mortgage apps? From pre-qualification to paying your deposit, these apps will make the home buying process much smoother.
2014 may be drawing to a close, but speculation regarding this year’s mortgage market is far from over. Economists and home buyers alike are waiting with baited breath to see if 2015 will usher in change for borrowing costs and the housing market. To better understand the market’s future direction, we’ve looked to the past; read on for the strongest trends seen within the mortgage market in 2014.
Your mortgage term is coming to an end which means your mortgage is up for renewal and it’s time to re-negotiate your rate (groan). Trust us when we say, look at this time as an opportunity. Here’s our steps to prepare you for your mortgage renewal, so that you’ll get through it like a pro (and hopefully with some savings in hand!).
Big banks have been slicing 10 basis points off their fixed rates, while the BoC keeps the central rate at status quo. Is is a good time to jump into the housing market?
This week, the Bank of Canada announced no change for its Overnight Lending Rate, the central interest rates that set the benchmark for the cost of borrowing in Canada. Governor Stephen Poloz followed the announcement with a few statements on our economy’s biggest risk factors. Read on for his main takeaways.
Mortgages Spotlight: New year economic reports show economic conditions will improve in 2014 around the world. Will rates rise as a result, internationally and in Canada?