Did you know – there are 5.71 million mortgages in Canada, and $3 trillion in home equity nation-wide? Read on for our 2015 Canadian mortgage stats infographic.
It’s a less optimistic time for Canadian cash, as the loonie, and consumer sentiment, falls, according to reports. Get caught up on the latest with this week’s top finance headlines.
Is it still a great time to buy a home? The 2015 Annual State of the Residential Mortgage Market in Canada report from Mortgage Professionals Canada finds buyers still feel optimistic about the market – but there are a number of reasons holding some would-be buyers back.
A recent report from CMHC assessed the Toronto housing market to be high risk and subject to overvaluation. But is it a true indicator of the market? Here, Will Dunning, Chief Economist at CAAMP and a member of RateSupermarket.ca’s expert Mortgage Rate Outlook Panel, shares his take.
Mortgages Spotlight: The 2013 CMHC Housing Observer was released this week, and reveals consumers have much to save by negotiating their mortgage rates.
Mortgages Spotlight: Potential central bank rate cuts are the topic du jour, as several countries release their rate announcements this week. However, such a move is likely to be a last resort in Canada, despite flagging inflation.
Mortgages Spotlight: The IMF challenges whether CMHC should cover mortgage defaults in Canada, and predicts strong economic growth next year.
Bank of Canada Governor Stephen Poloz has expressed confidence that the Canadian housing market is on track to balanced territory despite contradicting reports of overvaluation and an inevitable rate rise.
The latest report from CAAMP on mortgages shows recent rule changes are having an adverse impact on housing starts.
There seems to be a lot of confusion out there among current homeowners over their Home Equity Line of Credit (HELOC) options: what exactly are they and when should they be used? While you may be familiar with the idea of tapping into your home’s equity in a pinch, the truth is that a HELOC …