Cost of Mortgage is Going Up: CMHC Hikes Mortgage Insurance Premiums
Economic News / Lifestyle News / Mortgage News / Mortgages / Mortgages 101 / RSM News

Cost of Mortgage is Going Up: CMHC Hikes Mortgage Insurance Premiums

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… Continue reading »

Bank of Canada Update: Holding Its Benchmark Interest Rate
Buying A Home / Economic News / First Time Home Buyers / Mortgage News / Mortgages / Mortgages 101 / RSM News / Taxes

Bank of Canada Update: Holding Its Benchmark Interest Rate

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 … Continue reading »

RBC Second of the Big Banks to Hike Mortgage Rates
Buying A Home / Economic News / First Time Home Buyers / Home Ownership / Lifestyle / Lifestyle News / Mortgage News / Mortgage Rate Outlook Panel / Mortgages / Mortgages 101 / Personal Finance / Refinancing and Renewing / RSM News / Selling Your Home / Your Budget

RBC Second of the Big Banks to Hike Mortgage Rates

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. Continue reading »

Bank of Canada Holds Key Rate Following Mortgage Changes, Revises Economic Outlook
Buying A Home / Economic News / First Time Home Buyers / Home Ownership / Mortgage News / Mortgages / Mortgages 101 / Personal Finance / Personal Finance News / Refinancing and Renewing / RSM News / Selling Your Home / Uncategorized

Bank of Canada Holds Key Rate Following Mortgage Changes, Revises Economic Outlook

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. Continue reading »

Toronto’s Housing Market: Fact vs. Speculation
Buying A Home / First Time Home Buyers / Home Ownership / Lifestyle / Lifestyle News / Mortgages / Mortgages 101 / Personal Finance / Personal Finance News / RSM News / Uncategorized / Your Budget

Toronto’s Housing Market: Fact vs. Speculation

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. Continue reading »