Courtesy of The Burnaby & New Westminster NewsLeader Published: May 21, 2010 5:00 PM For most of her life, 56-year-old Royal City resident Jackie Olds thought owning a home was nothing more than a pipe dream. The market in the Lower Mainland was spinning out of control. There was no way she could ever afford to […]

JUNE 1 HIKE IN QUESTION By Claire Sibonney Reuters   The negative news has led many to question whether Bank of Canada will start raising rates from their current record lows on June 1. Yields on overnight index swaps, which trade based on expectations for the Bank of Canada’s key policy rate, have fallen in recent […]

Even recession didn’t slow down Canadian’s spending, report finds Tue May 11, 1:55 PMJulian Beltrame, The Canadian Press OTTAWA – Neither recession, global uncertainty nor growing joblessness appears to have stayed Canadians’ appetite for spending money they don’t have. A new report by the Certified General Accountants Association of Canada shows that household debt in […]

Courtesy of the Financial Post Andrew Allentuck, Financial Post  Published: Thursday, May 06, 2010 Taking on a mortgage is a big commitment. Every buyer who uses a mortgage has the choice of floating or going with a fixed rate that often costs a couple of percentage points higher per year. Today, for example, one can get […]

CMHC Survey – Revisited 0 Comment(s) > TORONTO, May 4 /JAC/ – The recent CMHC “The 2010 Mortgage Consumer Survey” provides some interesting numbers relating to lender loyalty at renewal time and mortgage broker market share, with more than half of British Columbia home buyers utilizing the services of a mortgage broker. The Survey in […]

  April 28th 2010 Royal Bank has raised its mortgage rates three times in a month and other banks are following suit. What does this mean for your mortgage? Here’s advice for those who are taking out a mortgage or renewing in the next few months. Q: Now that rates are rising, should I lock […]

The Globe and Mail Published on Thursday, Apr. 29, 2010   Interest rates are rising – we all get that – but it looks like the Big Banks are pushing things a bit with mortgages.   After a pair of increases in the past two weeks, the posted Big Bank five-year fixed mortgage rate now […]

  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 […]