Category Archives: Canada News

Relevant Information for Canadian residents and investors alike

OSFI Considering Mortgage Amortization Changes

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

Posted in Canada News | Tagged , , | Leave a comment

Bank of Canada signals rates to remain on hold even longer

Bank of Canada signals rates to remain on hold even longer.

Posted in Canada News | Tagged , | Leave a comment

More Canadians Adopt a Low Rate Mindset

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

Posted in Alberta News, Canada News, Fort McMurray News | Tagged , , , | Leave a comment

Bank of Canada signals rates to remain on hold

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.

Posted in Canada News | Tagged , | Leave a comment

Alberta’s housing market and affordability levels amongst the strongest in Canada

The Royal Bank has released it’s Housing Trends and Affordability Report, which measures affordability for each province, captures the pre-tax household income needed to service the costs of owning a home at market values. Alberta’s housing market is among the … Continue reading

Posted in Alberta News, Canada News | Tagged , , , | Leave a comment

First-time homebuyers expected to dwindle

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

Posted in Canada News | Tagged , , | Leave a comment

Higher Rates ‘Less Imminent’

The Bank of Canada announced today, that the timing of the next increase in interest rates is “less imminent than previously anticipated”, which surprised most analysts.

Posted in Canada News | Tagged , | Leave a comment

Higher Rates 'Less Imminent'

The Bank of Canada announced today, that the timing of the next increase in interest rates is “less imminent than previously anticipated”, which surprised most analysts.

Posted in Canada News | Tagged , | Leave a comment