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Tag Archives: Mortgage
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.
The Bank of Canada holds rate at 1 per cent, where it has been since September 2010.
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
Interest Rates rise and Real estate sales are up by 21% and 52% in Toronto & Vancouver.
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.
The fine folk at Canadian Mortgage Trends explore The Intricacies of Mortgage Pre-Approvals.
The Bank of Canada maintains rate, at 1%. This leaves our prime rate at 3% where it has been since September 2010.
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