No surprise this time around: The Bank of Canada is leaving the overnight lending rate at 0.5 per cent – where it has been since July of 2015. Read on to find out how this will impact fixed and variable rate mortgages.
What are the risky housing markets in Canada? Is yours one of them? The CMHC has identified the top risky regions in a recent report. Read on for our breakdown.
The latest numbers from CREA show the average home price in Canada is on an uptick, clocking in at $430,000. What does this mean for prospective mortgage borrowers?
What was your favourite mortgage news headline of 2012? Vote now in RateSupermarket.ca’s Best of Finance 2012 awards!
It appears housing markets across the country are feeling the brunt of recent CMHC mortgage changes, as sales saw a 5.8 per cent nation-wide dip from July to August. According to the Canadian Real Estate Association (CREA), this is the largest month-over-month decline since June 2010
Canada’s three major urban centres have experienced a downturn recently, with an increase in unsold inventory from this time in 2011. Is Canada’s reliance on credit to blame?
Could the market be due for a 25 per cent crash? Today’s report by Capital Economics certainly points to that direction. Released just a day after RBC’s statement that Toronto – one of Canada’s biggest markets – is not in a bubble, today’s statement has economists and home buyers alike wondering: what’s in store for home prices?