Mortgage News

Why do some banks have lower mortgage rates?

Why Some Banks Have Lower Mortgage Rates, Despite New Rules

As you may have read, TD Bank recently raised their prime lending rate to 2.85% – 15 basis points higher… Read More »

How will TD's higher Mortgage Prime Rate affect you?

TD Hikes Its Mortgage Prime Rate

TD Canada Trust has quietly increased its mortgage prime rate to 2.85%, which is 15 basis points higher than what… Read More »

Bank of Canada

Bank of Canada Keeps Interest Rates Unchanged, Cuts Economic Outlook

On Wednesday, the Bank of Canada (BoC) announced it would leave its benchmark interest rate at 0.5%. At the same… Read More »

New mortgage rules have been introduced.

New Mortgage Rules May Impact Your Ability to Buy a Home

Getting a bigger mortgage may become a little harder for some homebuyers, following a Monday government announcement that insured mortgages… Read More »

New Mortgage Lending Rules to come.

Tougher Mortgage Lending Rules Are Coming… Very Soon

Buying a home in the Greater Toronto Area is easier said than done, as the availability of homes for sale… Read More »

Canada's banks are worried about Toronto and Vancouver home prices

Banks Are Worried About Toronto and Vancouver Home Prices

It is more expensive than ever to buy a home in Canada – a fact that is causing our nation’s… Read More »

Facebook-Blog_Market_Jan22

BREAKING: The Bank of Canada Cuts Interest Rate to 0.75%

By Penelope Graham, RateSupermarket.ca, MoneyWise The Bank of Canada is officially worried about the drop in oil prices – so… Read More »

Super Low Mortgage Rates in Canada to Stick Around This Summer: Expert Panel

The past few years have proven challenging for would-be homebuyers, as home prices have surged beyond affordability in many markets.… Read More »

credit-check-before-applying-for-mortgage

Why It’s Important to do a Credit Check Before Applying for a Mortgage

You’re finally ready to take the plunge and buy a home… or are you? Before you start hunting for your… Read More »

mortgage-insurance-premiums-increasing

Mortgage Insurance Premiums to Increase by 15% for Home Buyers

On May 1, 2014, CMHC made the announcement that premiums for default insurance would go up by an average of… Read More »