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Tag Archives: Mortgage
Historically, Bond Rates and Fixed Mortgage Rates have fluctuated in relation to each other.Canada’s Bond Rates have climbed in the past few days. As a result, some lenders are increasing their interest rates. Interest Rates are still at a historical … Continue reading
Here we go again. Just as we’re setting into our spring market, an announcement from the Office of the Superintendent of Financial Institutions Canada, verifies that they may be looking at changes to amortization rules yet again, tightening the rules … Continue reading
Finance Minister Jim Flaherty is coming under fire for using his position to pressure a private sector mortgage lender to raise its interest rates, an action that will increase borrowing costs for Canadians. Flaherty admitted to calling up BMO to … Continue reading
Is it time to switch your Variable Rate Mortgage into a Fixed Rate Mortgage? Fewer people believe that rates could rise this year. In a study released by CIBC, 46% of Canadians believe today’s low rates will remain unchanged over … Continue reading
The Bank of Canada announced that it will keep the overnight rate at 1 percent, where its has been for over 2 years now. Great news for everyone with a variable rate mortgage.
Last week, CBC issued a report about TD’s new policy regarding mortgages. Here, TD Responds About Its Collateral Mortgages.
The 15th episode of the 40th season of CBC’s ‘Marketplace’ – Busting the Banks – what are Collateral Mortgages you ask? Scroll to the 8th minute of this video and see how quickly (and quietly) bank fees can add up. … Continue reading
As the baby boomer generation ages into their senior years, there seems to be a growing trend for ‘reverse mortgages’. There are many celebrities in their senior years who are (hired by the mortgage companies) extolling the benefits of these … Continue reading
According to a recent study, home buyers are becoming more conservative and financially responsible. Also, tighter mortgage rules and global financial events are really driving the message home. Affordability took a hit in 2012, so there’ll be a readjustment period, … Continue reading
The Bank Of Canada left its policy rate, and prime rate remains unchanged, at 3% as it has been for the past 25 months.