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Effective May 1, 2014 CMHC will Increase Mortgage Insurance Premiums Loan-to-Value Ratio Standard Premium (Current) Standard Premium (Effective May 1st, 2014) Up to and including 65% 0.50% 0.60% Up to and including 75% 0.65% 0.75% Up to and including 80% … Continue reading
Here are Gary Simonsen’s, the CEO of CREA, remarks to the House of Commons Standing Commitee on Finance, specifically relating to requested improvements on the Home Buyer’s Plan.
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
Last week, CBC issued a report about TD’s new policy regarding mortgages. Here, TD Responds About Its Collateral Mortgages.
CanadaMortgageNews.ca has a informative article entailing Canada’s National Debt compared to numerous other countries in the world.
Whether that insurance is offered by CMHC,
The Bank of Canada maintains overnight rate at 1%, inflation is at 1.2%, ergo, interest rates should remain low for the foreseeable future. Several analysts view the odds of an increase in borrowing costs in the near future is zero. … Continue reading