Are you ready for the busiest home-buying season of the year? Spring has certainly sprung for the Canadian real estate market, as open houses pop up faster than the crocuses. Perhaps the most telling sign: Bank of Montreal, the big-bank trendsetter, has introduced a “March miracle”: a history-making rate for new mortgage borrowers that has since been matched by TD.
Canada’s housing market is overvalued within a range of 10 – 30%, according to the Bank of Canada. What does this mean for home owners and the overall economy? Read on for the full story.
Best credit cards 2014 recap: RateSupermarket.ca presents the annual Best of Finance awards, along with this week’s top headlines.
Recent OECD mortgage rate predictions call for a Bank of Canada rate hike by May. Should homeowners worry? Rubina breaks down what this could mean for your mortgage payments.
Mortgages Spotlight: The 2013 CMHC Housing Observer was released this week, and reveals consumers have much to save by negotiating their mortgage rates.
Mortgages Spotlight: Potential central bank rate cuts are the topic du jour, as several countries release their rate announcements this week. However, such a move is likely to be a last resort in Canada, despite flagging inflation.
Mortgages Spotlight: The IMF challenges whether CMHC should cover mortgage defaults in Canada, and predicts strong economic growth next year.
Bank of Canada Governor Stephen Poloz has expressed confidence that the Canadian housing market is on track to balanced territory despite contradicting reports of overvaluation and an inevitable rate rise.
A PricewaterhouseCooper study finds Canada is among the top 10 nations for tax stability. However, our nation is still vulnerable to tax loopholes and potential tax fraud.