A Royal LePage study found that while a millennial could afford a $243,349 home last year, that’s now dropped to $203,246. The OSFI stress test now applies to…
CREA says the number of homes sold in September increased, but there was an 11% decline year-over-year. Average Canadian home prices increased to $487,000, an increase by…
It’s RateSupermarket.ca’s ninth birthday! Since our launch in 2008, we have helped over 7 million Canadians find the best mortgage rates, credit cards, bank accounts and GIC rates. And as a special thank you to our customers, the RS.ca team is giving the presents… to you.
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 …
Is it worth holding onto your current residence as an investment property when you buy new? We’re taking a look at the benefits and drawbacks and questions you need to ask yourself before making the decision.
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.
It’s been a month since the first of the new federal mortgage rules came into effect. Now, RBC has become the second of the five big banks to raise mortgage rates – effective Thursday. How else have these new rules impacted our purchasing power?
TD Canada Trust is the first bank to raise its prime rate for variable rate mortgages since new federal mortgage rules were introduced last month. So is this the beginning of a trend?
If you need to cut costs for any reason but don’t know where to start, it’s not as hard as it may seem. Here are eight tips that can help you save money on a daily basis.
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.