If you’re applying for a mortgage with a small down payment, be prepared to pay a little more every month for default insurance. The Canadian Mortgage and Housing Corporation recently announced it will increase the premiums for ‘mortgage default insurance’ (also called mortgage loan insurance) effective March 17, 2017…
Bank of Canada Rate Update – December 7, 2016 As expected, the Bank of Canada is holding its benchmark interest rate at 0.5 per cent. The scheduled announcement today was in line with expectations. “Following a very weak first half of 2016, growth in the third quarter rebounded strongly, but more moderate growth is anticipated …
Just two weeks after TD Canada Trust hiked their prime rate, RBC has announced they’re bumping up their fixed mortgage rates anywhere from 25 to 40 basis points. Read on to find out how much more this may cost you and why fixed rates are rising in the first place.
As expected, the Bank of Canada is holding the overnight lending rate at 0.5 per cent – where it’s been since July 2015. Read on for the Bank’s revised forecast for the Canadian economy.
Everyday there’s another news headline about just how hot Toronto’s housing market is, but should you really believe everything you hear? Here’s why you should read between the lines.
With Canada’s hottest housing markets showing no sign of cooling in the near future, co-op housing may be seen as a practical alternative. Read on to find out whether it’s a good option for you.
Despite the debt-to-income ratio lowering in the first quarter of 2016, Canadians still owe $1.65 for every dollar they have. Here’s what you need to know.
On the house hunt? Good news – buyers’ market conditions may be on the way as home prices continue to soften across the country.
Housing prices continue to fluctuate into the new year as the market continues to adapt to strict mortgage affordability rules. While marginal growth was seen nationwide in January, does it signal the coming of a spring market heat up?
The groundhog recently predicted an early spring, and so it is for homebuyers looking for advantageous mortgage rates this month.