New to Canada? Here’s how to get a mortgage!
Getting a Mortgage When You’re New to Canada.
With all these new faces wanting to plant roots in this great country, we wanted to touch base on how new immigrants can qualify to be homeowners!
Does a 1% difference even mater?
4 top tips for landing the best mortgage rates
Don't get trapped with an unfavourable loan. Here are four tips for getting the best possible mortgage.
HSBC posted on Friday the availability of a variable rate of 0.99% over a five-year closed term, which is being offered to high-ratio, insured mortgages with a down payment of under 20% of the purchase price of the home.
Canadian bank now offering mortgage rate of under 1%
HSBC posted on Friday the availability of a variable rate of 0.99% over a five-year closed term, which is being offered to high-ratio, insured mortgages with a down payment of under 20% of the purchase price of the home. The provided annual percentage rate is based on a $200,000 mortgage.
Reverse mortgages are a unique type of mortgage that’s limited in scope and who can qualify.
Reverse Mortgage: Pros and Cons
Reverse mortgage loans can be an effective tool for older homeowners who don’t have much spare cash but need to cover expenses such as medical bills, home renovations and monthly bills. The catch is that these types of loans are only available to homeowners age 62 or older.
Like other Canadian markets, sales activity has been stronger for single-detached
In an interview, CMHC deputy chief economist Aled ab Iorwerth said the high house prices in Toronto and Vancouver get a lot of attention, but “all of the Canadians markets need to be looked at very carefully, and separately, to understand the dynamics in each market.
Here’s what’s happened.
Canada’s largest bank is forecasting mortgage defaults are still coming, just a little later. RBC is forecasting rising defaults in Q3 or Q4 of 2021. The reason? Programs like EI, CERB, and CRB have delayed defaults.
Ninety percent of homeowners said they are happy with their decision to purchase a home.
Mortgage Professionals Canada survey finds homeowner sentiment unchanged by pandemic concerns
MPC’s report, written by chief economist Will Dunning, was based on a survey of 1,000 Canadians – 701 of which were homeowners with mortgages – conducted between September 25 and October 8, a time when fears over the coronavirus’ renewed impact on the Canadian economy were once again intensi…
According to a popular weekly survey that’s been around since 1971, mortgage rates have hit a record low — for the ninth time in 2020.
Why the run of record-low mortgage rates may be ending
The government-sponsored companies, which buy or guarantee most U.S. home loans, initially told lenders in mid-August that a 0.5% on refinance loans would take effect on Sept. 1.
Canadian mortgages rates are at a record low, but should potential home buyers lock in rates right now or will rates go any lower?
Canadian mortgage rates are the lowest in history. Can they go any lower?
Not by much, but yes, rates will go lower is the answer from several analysts citing the Bank of Canada’s policy, competition among lenders, seasonal factors and the pandemic’s impact on the economy.
