Garry Marr, Financial Post   A new survey says more than four out of five home buyers feel comfortable with their debt, but another hike in interest rates might get Canadians squirming next time they’re polled. Canada and Mortgage and Housing Corp. surveyed 2,503 mortgage consumers between Feb. 11 and Feb. 28 and found […]

  Julian Beltrame, The Canadian Press OTTAWA – Inflationary pressures in Canada eased considerably last month, putting into question expectations that the Bank of Canada will be raising interest rates in a matter of weeks. Statistics Canada reported Friday that Canada’s annual inflation rate slipped by two-tenths of a point to 1.4 per cent, and […]

Possible rise in mortgage rates pitting couples against one another Steve Ladurantaye and Carly Weeks From Saturday’s Globe and Mail When Rae Whitton started house shopping with Dan Madge last year, she agreed to a variable mortgage rate after their broker explained rates were likely to remain low until spring, at which point they could […]

Good Morning Bank of Canada maintains overnight rate target at 1/4 per cent; removes conditional commitment We suspect prime to to rise in 2010 and 2011 to bring us back to 2007 levels moving forward. For as long as interest rates have been recorded 88% of the time people pay less interest with a variable rate, […]

Below is an article from the Canadian press, the major points that have not been noted in this article are As Canadians we only have had the privillage of purchasing a rental property with less then a 20% down payment for the last 3 years, so prior to this investors often placed down 25-35% of the purchase […]

Pain in Australia is a peek at what’s to come Published on Tuesday, Apr. 13, 2010 The Globe and Mail Report on Business   berman@globeandmail.com For a glimpse of what the future may feel like in the Great White North, look Down Under. Faced with a jumping housing market, a steadily improving job market and […]

Posted to FP: April 12, 2010, Jonathan Ratner With most agreeing that a rate hike from the Bank of Canada is imminent, the talk now turns to the exact timing and extent of the central bank’s policy changes. Governor Mark Carney made a “conditional” promise to keep the benchmark interest rate at 0.25% through the […]

  By The Canadian Press TORONTO – Prices for all key housing types were up more than 10 per cent across Canada in the first quarter, although some markets were hotter than others. That’s according to a national real-estate survey by Royal LePage, which says the Canadian housing market will likely become more moderate as […]

There is a small loophole in the new federal mortgage rules that could make it easier for the banks to lend out money to first-time buyers. The federal government announced last month new requirements for anyone borrowing money for a house and needing mortgage insurance. If you have less than a 20% down payment and […]

Should you lock in your mortgage or let it float with a variable rate? Toronto-Based wealth manager Scott Tomenson makes the case for variable. ARE VARIABLE MORTGAGES AS GOOD AS THEY LOOK? Q: My fiance and I have just bought our first home and we are going in circles about what is the best mortgage […]