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.
CREA’s latest housing data update indicates the Fall market may have been driven by customers possessing a low rate hold.
RBC is the latest lender to hike their fixed mortgage rates by 20 to 30 basis points for both posted and discount offerings. Why are mortgage rates on the rise? Read on for a breakdown of factors affecting the market.
It has been a busy week indeed for five year fixed mortgage rates! As of press time, the lowest rate in Canada is 2.65%! Offered in Ontario, this is a full featured mortgage with flexible prepayment options. What could you save with a record breaking rate like this one? Read on to find out!
Manulife Bank of Canada lowered their rate to 2.89%, only to retract it due to Finance Minister Jim Flaherty’s urging.
The 2.77% mortgage rate is back! Butler unveiled their record low rate once again on Friday. Will more lenders follow suit with record breaking lows?
What does 2013 hold for the Canadian mortgage market? Will softening prices create an accessible market, or is affordability to remain out of reach for many would-be buyers?
The holidays are fast approaching, and shopping season is picking up steam. This year, more Canadians than ever are choosing to crack open those laptops and mobile devices than hit the mall – after all, nothing beats shopping in your pajamas!
The saga of the Trump Tower investors are heating up the headlines – but how does this relate to you average condo buyer? Misleading sales tactics, backed up builder schedules and unpredictable fees can all cause mortgage financing problems. Read our checklist of the top condo buying pitfalls.
A poll conducted by Reuters on the mortgage and housing market shows we may be in for a 10% decline – but that the downward activity will be healthy economic activity.