The Bank of Canada has increased the benchmark qualifying rate 0.20% to 4.84%. All insured or insurable mortgages use the benchmark rate to qualify borrowers. The benchmark rate is used to ensure borrowers can handle their payments in the event…
The Bank of Canada has decided to change the overnight rate today. Prime will now increase to 2.95%. The next scheduled date for announcing the overnight rate target is September 6 2017. Press release
Great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. The next scheduled date for announcing the overnight rate target is July 12 2017. Press release
TORONTO, April 25, 2017 /CNW/ – Today, Mortgage Professionals Canada launched a new web-based consumer advocacy campaign and website www.tellyourmp.ca to support its ongoing efforts to inform and educate Members of Parliament (MP) about the negative impacts of the federal government’s…
As the housing market heats up in South Western Ontario property values rise. If you are not planning on selling anytime soon you can still benefit from this market. Interest rates are at historic lows and combine that…
Great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. Press release The next scheduled date for announcing the overnight rate target is May 24 2017.
We truly believe that everyone should have the right to shelter. Unfortunately there are many individuals across the country that do not have this luxury. If you are reading this then there is a good chance you woke up this…
In the event you were planning to purchase real estate with less than a 20% down payment it will get a little more costly as of Friday March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result…
Great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. Press release The next scheduled date for announcing the overnight rate target is April 12 2017.
In a large number of cities in South Western Ontario the real estate market is booming. Some may even call it (insert profanity) ridiculous! With booming markets comes multiple offers and it’s important to try not to get caught up…