Earlier this week, the federal government announced the launch of a new program which will help even more Canadians enjoy affordable home ownership – specifically, by assisting providers of shared equity mortgages.
The Toronto Raptors didn’t just unite an entire city by winning their first NBA Finals — they lent a hand to the Canadian economy during their historic run.
The Bank of Mom and Dad isn’t just financing an increasing number home purchases as affordability issues persist in Canada’s major cities.
A substantial fraction of the Canadian population is getting help from parents just to cover rent costs, a new survey commissioned by FP Canada suggests.
New analysis from a leading economist puts the recent Canadian housing downturn in perspective by comparing it to previous booms and busts of the last 30 years.
Canadian mortgage borrowers have been waiting years for this moment.
This week the Bank of Canada’s qualifying rate declined, something that hasn’t happened since 2016.
The rate fell to 5.19 percent from 5.34 percent the previous week.
The benchmark posted 5-year fixed rate, which is used for stress-testing Canadian mortgages, fell yesterday in its first move since May 2018.
Canada’s mortgage market grew by its slowest pace in more than 25 years in 2018, according to new data released by the Canada Mortgage and Housing Corporation.
When the leaves start to turn and the mercury begins to drop, mortgage rates might be lower, too, one economist predicts.
Those dreaming of homeownership face a long list of obstacles: high prices, low supply and ever-changing mortgage rules and qualification requirements, to name a few.
As Canadians enjoyed the Labour Day holiday, a new government scheme was officially launched that aims to help more people get on the housing ladder.
Buying a home can be stressful, especially for those who are new to the process, but the positives of homebuying and having a mortgage are also clear.
First and foremost, you have to make sure you have enough money for a down payment – the portion of
The Bank of Canada is preparing for its next interest rate announcement, but will it follow many of its global peers and make a cut?
Lenders will often send out their mortgage renewals 120 days prior to your mortgage maturing. I refer to this as their “Convenience Rate” as it is generally not the best rate but appears convenient for the borrower.
An economist with Canada’s biggest bank says the country’s housing-market correction “is officially over.”
The Canadian housing market is teetering on the verge of favouring sellers despite the vast majority of local markets remaining balanced — for now.
Canadian home prices have lagged inflation over the past year according to a leading index.
New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests.
NEWSLETTER SIGN UP
- Office:141 Torbay Road, NL
- Direct:(709) 770-9194
- Fax:(709) 754-0466