How Interest Rate Changes Affect Your Variable Rate Mortgage
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How Interest Rate Changes Affect Your Variable Rate Mortgage

Fixed rate mortgages are pretty straightforward, but a variable rate mortgage depends on the Bank of Canada’s overnight lending rate. So what happens if that rate should change? Read on to find out! Continue reading »

The Challenges of Buying a House in Toronto
Buying A Home / Mortgage News / Mortgages

The Challenges of Buying a House in Toronto

Rounding up our Regional Real Estate series, we take a look at Toronto’s housing market. For most first time home buyers, a downtown condo poses as a good starter option – but you’ll be hard pressed to find a single family home within the 416. The Big Smoke also poses significant challenges for those looking to buy for the first time – when you factor in high unemployment and level of debt, buying is often ruled out altogether. A predicted price drop, however, could change everything. Continue reading »

Friday Mortgage Round Up: June 8th, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up: June 8th, 2012

The turbulent month of May has passed, and it’s onward to June! With 5 Year and 10 Year Fixed Rates hitting all time lows, many consumers are considering a longer than usual term – and they’re giving 10 Year rates a second glance. But what implications does this hold for those who may need to break their mortgage? We look at the pros and cons of making a long term mortgage commitment. Continue reading »