Tag Archives: mortgage rates

How Rising Interest Rates Affect Buyers and Sellers

How Rising Interest Rates Affect Buyers & Sellers

The last 60 days have been a roller coaster ride for fixed mortgage rates. We have seen anywhere from a 60 – 80 basis point jump (0.6 – 0.8%) on the most popular 5 year fixed mortgage products offered today. Here is how you are affected as a home buyer or seller in today’s changing market. Continue reading

Leave a comment
Super Low Interest Rates Coming to an End

Super Low Interest Rates Coming to an End

The low interest rate party that Canadians have been enjoying is coming to an end, say some economists and Canada mortgage brokers. It’s not all bad news – rates are expected to stay below 5% for the rest of the year and we’ve enjoyed a long run of 5 years at low interest rates. No one knows how high the rates will go after such a long break, but the cost of money can’t stay low forever, can it? Continue reading

Leave a comment

Why Get a Mortgage Pre-Approval

No matter the home you want to buy, getting a mortgage pre-approval is important if you want to ensure that you’re looking at homes you can afford. Continue reading

Dealing with Buyers' Agents

Canadian Mortgages: What Every Newcomer Should Know

If you’re a newcomer to Canada and you’re planning on buying a home, there are a few things you should know about Canadian mortgages. Here we provide some helpful information that all newcomers should know in order to help them better inform themselves and negotiate favorable mortgage rates. Continue reading

Leave a comment
Finance Minister Jim Flaherty

Finance Minister Requests Manulife Withdraw Low Mortgage Rate

On Wednesday, March 20, 2013 Finance Minister Jim Flaherty asked Manulife withdraw its planned lowering of mortgage rates to 2.89%. The bank canceled the change and now the Minister is coming under fire from the opposition for interference. Continue reading

1 Comment
April Housing Market Numbers

Are Alberta Home Prices Overinflated?

There are conflicting views about the future of the Canadian housing marking in the spring of 2013. Whether it slows down or takes off, what does that mean for home buyers and sellers here and now? Continue reading

Leave a comment
BMO Lowers Mortgage Rates

Lower Mortgage Rates in Canada for 2013

On Monday, the Bank of Montreal lowered its mortgage rates in Canada for 2013 from 3.09% to just 2.99%, effective immediately. This make Finance Minister Jim Flaherty nervous, and for good reason. Continue reading

Leave a comment
Are Canada's mortgage rules hurting home sales?

Are Canada’s Mortgage Rules Hurting Home Sales?

Finance Minister Jim Flaherty recently tightened the mortgage rules making it so that the amortization period is 25 years rather than 30 years, and many experts think that this has had a direct effect on housing sales and that Canada’s … Continue reading

Leave a comment
How to get the best mortgage in Canada

How to Find the Best Mortgage in Canada

Whether you live in Vancouver, Calgary, Toronto or another large city or smaller town across Canada, a home mortgage provides you with a convenient way to purchase a house, a condo or any other piece of real estate. Continue reading

Leave a comment
Mortgage rates are lower than ever in Canada

Mortgage Rates Lower Than Ever in Canada

Mortgage rates are lower than ever in Canada. That may be good for anyone buying a house, but this is not so good because of the massive amount of debt we are accumulating in this country. Continue reading

1 Comment