Tag Archives: Mortgage

The Bank Of Canada Rate Hike Announcement

The Bank of Canada Abandons its Rate Hike Bias. After years of mimicking chicken little, saying the sky was falling and that interest rates were rising, The Bank of Canada has stopped hinting at future rate hikes.

Posted in Miscellaneous Articles | Tagged , , | Leave a comment

Bank of Canada holds rate

The Bank of Canada holds rate at 1 per cent, where it has been since September 2010.

Posted in Miscellaneous Articles | Tagged , , | Leave a comment

~60% of Canadian homeowners have a mortgage

NHS: Home-ownership dreams are reliant on mortgages for most Canadians. Does this mean more Canadians are taking bigger mortgages? Or are we borrowing for longer periods of time? Probably, yes. We are also becoming more financially savvy. Experts are finally … Continue reading

Posted in Miscellaneous Articles | Tagged , , | Leave a comment

Real estate sales up 21% and 52% due to end of low fixed rates. | CanadaMortgageNews.ca

Interest Rates rise and Real estate sales are up by 21% and 52% in Toronto & Vancouver.

Posted in Miscellaneous Articles | Tagged , , | Leave a comment

Stricter Debt Ratio Standards on the Way

For the past few years, we’ve all been talking about the changes to amortization periods and how that affects housing affordability. Now, CMHC has issued new guidelines for calculating debt service ratios. Stricter Debt Ratio Standards on the Way.

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

What is a Mortgage Pre-Approval?

The fine folk at Canadian Mortgage Trends explore The Intricacies of Mortgage Pre-Approvals.

Posted in Miscellaneous Articles | Tagged , , , | Leave a comment

Bank of Canada maintains overnight Rate

The Bank of Canada maintains rate, at 1%. This leaves our prime rate at 3% where it has been since September 2010.

Posted in News Releases | Tagged , | Leave a comment

Bond yields up significantly, expect fixed rates to go up!

The 5 year bond yields are up over 30 basis points in May. Should they stay this high, one should expect fixed interest rates to rise as well. It may be prudent, should you be looking to make a purchase … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment