Why Variable Rate drops are creating a surge in activity
This Spring we’re seeing lenders getting aggressive with their pricing for variable rate mortgages: a sign that lenders are fighting for market share, making it a great time to be […]
Category Archives: A+ Financial Corner
For 2018: Ten mortgage tips you won’t get from your bank
More new mortgage rules come into effect January 1, which will make it trickier to negotiate a mortgage for many Canadians. But with a little expert advice, I can help […]
Bank of Canada could raise this rate as early as Wednesday, making it more difficult for some to take on home loans
TORONTO — Canada’s Big Six banks have all increased their benchmark fixed-rate mortgage rate, a move analysts say could trigger a rise in the Bank of Canada’s qualifying mortgage rate […]
Montreal next hot housing market as economic revival drives sales
Montreal’s housing market is finally getting on the map. An economic revival in Canada’s second-biggest city is fueling a real-estate renaissance, speeding up sales, shrinking inventories, and luring foreign buyers. […]
Why the recent bump in mortgage rates will be more painful than you think
Interest in mortgage rates spiked this week after Toronto-Dominion Bank boosted its posted five-year fixed rate by 45 basis points (bps). The aggressive move undoubtedly unnerved many homeowners, who were […]
12-month housing market downturn risk remains low – RBC Economics
12-month housing market downturn risk remains low – RBC Economics The risk of a housing market downturn over the next 12 months remains low – but the probability has slightly […]
Everyone’s mortgage is about to get more expensive
Get ready for a rate shock adjustment that is expected to accelerate in 2019 The Bank of Canada raised its benchmark interest rate to 1.25 per cent Wednesday and signalled […]
Rate hike could shave 15-20% off home sales volume: Housing economist
Rate hike could shave 15-20% off home sales volume: Housing economist Diana Petramala, senior researcher at the Centre for Urban Policy and Land Development at Ryerson University, joins BNN to […]
Taking the home-buying plunge young: 20-somethings weigh in
Make sure you have more money than you think you’ll need and check out all the details about a place before you buy… Twenty-somethings (many of them new to saving […]
Quebec led the country with a 67-per-cent increase in new starts compared with the same month last year
New housing starts tumbled in the Toronto region in October as builders slowed the pace of new project construction amid market uncertainty. Canada Mortgage and Housing Corp. said 2,438 new […]
