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...
Mortgage News
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...
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...
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...
Mortgage Lending Rules
Buying a home in the Greater Toronto Area is easier said than done, as the availability of homes for sale...
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...
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...
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...
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...
Why Canadians Should Care About The U.S. Taper
Penelope Graham RateSupermarket.ca Have you caught a glimpse of the latest financial headlines? If so, you’ve probably heard the latest...
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