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Brokers say that homeowners with the ability to handle the risk associated with a variable mortgage could benefit in the ...
Picture yourself as a typical Canadian, juggling bills and the costs of homeownership, needing a mortgage to anchor your life ...
According to a recent Royal LePage report, 1.2 million mortgages will be up for renewal in Canada this year. Here's what the ...
On Wednesday, the Bank of Canada decided to make borrowers wait for more relief, halting rate cuts for the first time in eight meetings. That left the benchmark prime rate stuck at 4.95 per cent, more ...
Governor Tiff Macklem said the central bank hit pause to give itself time to assess the fallout from Trump’s erratic and ...
Impact Of Rate Changes On Mortgage Industry. When the policy rate decreases, variable-rate mortgage interest rates follow ...
Real estate watchers say the Bank of Canada’s decision to hold its key policy rate steady at 2.75 per cent will likely keep a sluggish housing market at the status quo. Wednesday’s announcement marked ...
Variable mortgage rates have generally been lower than fixed ... If you can make a significant down payment, one that goes well beyond Canada’s minimum down payment guidelines, lenders might ...
While pricing for April is still undecided, we think the bank should keep cutting by at least another 50 (basis points) over ...
The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said it ...
When rates are dropping ... Clay Jarvis is NerdWallet Canada's mortgage expert and spokesperson. He has been writing about the Canadian real estate and mortgage markets since 2016.
Choice of home loans requiring small deposits of 5% or 10% reaches levels last seen in the 2008 financial crisis.