OTTAWA – The Bank of Canada signaled Tuesday that it will look for an opportunity to raise interest rates sooner rather than later to keep inflation in check as the Canadian economy continues to grow. The central bank kept its overnight rate target at one per cent but noted that the U.S. economy has […]

Tom Fennell Yahoo Finance  If there’s one question being kicked around the barbecue more than any other this summer, it’s probably this: should I lock in my variable rate mortgage? But with interest rates bouncing around, to the point where they make a mortgage-rate chart look more like the diagram of a rollercoaster, homeowners can […]

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic expansion is proceeding broadly as projected in the Bank’s April Monetary Policy Report (MPR), with […]

Selling your current home and moving into a new one can be stressful enough, let alone worrying about your current mortgage and whether you’re able to carry it over to your new home. Porting enables you to move to another property without having to lose your existing interest rate, mortgage balance and term. And, better […]

Canadian homebuyers are showing “a high level of financial literacy,” according to Canada Mortgage and Housing Corporation’s (CMHC’s) 2011 Mortgage Consumer Survey that found both high levels of research and a determination to pay off mortgages quickly.  The survey said 75% of respondents felt it “very important” to pay off their mortgages as soon as […]

The current mortgage rate environment truly is like Christmas in July for any mortgage shopper! While the past isn’t always a reflection of what’s to come, following are some certainties you can take to the bank! 5-year fixed mortgage rates over the past 6 years are as follows: 2011: 3.59 2010: 4.49 2009: 3.95 2008: […]

Garry Marr, Financial Post · Jun. 22, 2011 | Last Updated: Jun. 22, 2011 9:10 AM ET You better buy a house in this market before it’s too late. How many times have you heard those words? The panic thinking is driven partially by prices continuing to rise to record levels but also by the […]

Canadian homebuyers are showing “a high level of financial literacy,” according to a new Canada Mortgage and Housing Corp. survey that found both high levels of research and a determination to pay off mortgages quickly. The survey, released Wednesday, said 75 per cent of respondents felt it “very important” to pay off their mortgages as […]

4 Ways To Value A Real Estate Rental Property Stephan Abraham, On Tuesday June 21, 2011 During the first half of the 2000s, investing in real estate became more common for average Americans. With easily available financing and minimal down payment requirements many Americans made handsome profits by flipping homes. Well, as we are all […]

When sizing up Canadian markets alongside their U.S. counterparts we often hear that what’s happening south of the border is sure to make its way north. Given that approach, there has been a lot of talk lately about the Canadian real estate market heading for an implosion.  Statistics Canada has reported a steady price climb […]