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HomeMortgage News & Rates

Mortgage News & Rates

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Canada Sees Uptick in Housing Starts for October

The Canada Mortgage and Housing Corp. (CMHC) reports a modest increase in the annual pace of housing starts for October compared to September.

Bond Yields Dip, Predicted to Offer Some Relief for Mortgage Shoppers

A significant drop in bond yields could spell relief for mortgage shoppers and those eyeing upcoming renewals next week.

Majority of Ontarians Worried About Mortgage Renewal Costs, Survey Finds

A recent Royal LePage survey by Nanos suggests that a considerable portion of Ontarians anticipating mortgage renewals within the next 18 months are concerned about the accompanying costs.

40-Year Amortization Mortgage Announced by Equitable Bank

The initiative aims to relieve financial pressure for clients seeking debt consolidation and those looking to purchase property during challenging economic situations.

Canadians Are Rallying Against Canada’s Housing Market

Challenges continue to mount for Canada's housing market. In September, major housing markets saw a slowdown in sales due to an increase in property listings and decreased demand.

Total Net Worth Lending 

Did you know your RRSP account can boost your mortgage qualifying amount? 

Variable Rate Mortgages Are Costing Canadians Thousands Amid High Rates

A recent report by Rates.ca highlights the financial impact of Bank of Canada rate hikes on those with variable rate mortgages.

Canadians are Choosing Co-Ownership to Combat Housing Affordability

Co-ownership, whether with individuals or companies, is a growing trend in the face of an increasingly unaffordable housing market.

Bank of Canada Considers Interest Rate Hikes Amidst Inflation Concerns

Canada's inflation rate stood at 3.3 per cent in July, and the Bank of Canada predicts it might increase in the coming months before eventually subsiding.

HELOC Roadblock: How Your Home Equity Line of Credit Can Impact Your Borrowing Power

A HELOC (Home Equity Line of Credit) is a loan that is secured by real estate and is a cost effective and flexible way to access equity from real estate assets.

Inflation Makes Another Jump

It may have seemed that Canada's inflation was starting to slow, but July saw an increase at 3.3 per cent, reports Statistics Canada.

‘Infinity Mortgages’ Are Here And They Go Beyond 50 Years

The variable-rate fixed payment is posing a big concern for homeowners because many mortgages are now growing instead of shrinking.

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