CREA has revised its forecast for 2015 home prices, as they’re expected to rise even faster than anticipated. What does this mean for prospective buyers looking to own a home in the new year?
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.
INFOGRAPHIC: It’s been a very eventful year, as lenders continued to compete with record-low offerings – a silver lining as the overall affordability of housing dwindled in our nation’s biggest markets – all while speculation raged that central rates would rise at any moment. Catch up on the action with our annual Mortgage Moments of 2014!
Two December debt reports were released this week with some dire news for Canadian consumers. Here’s what you need to know, plus the week’s top finance headlines.
Canada’s housing market is overvalued within a range of 10 – 30%, according to the Bank of Canada. What does this mean for home owners and the overall economy? Read on for the full story.
RateSupermarket.ca calls for mortgage discounts to remain throughout the holiday season. Read on for their full forecast.
Best credit cards 2014 recap: RateSupermarket.ca presents the annual Best of Finance awards, along with this week’s top headlines.
The Bank of Canada’s December interest rate announcement was released this week – and while there were no surprises around unchanged central bank rates, new language hints at growing concern due to rising debt levels. Here’s what you need to know.
The Bank of Canada has maintained the Overnight Lending Rate at 1 per cent, once again – and if you respond to that news with a “so what”, you’re certainly not alone.
Are you a bond investor planning for your retirement? Changing interest rates could be devaluing your investments. Here’s what you need to know about the relationship between bond yields, interest rates, and your savings.