Banks vs. Brokers
As more and more Canadians start to turn to Toronto mortgage brokers and Ottawa mortgage brokers to find them the best mortgage deals, the banks are becoming increasingly worried. The mortgage market is already competitive enough within the Big Banks themselves, and brokers offering homebuyers and homeowners a better deal are now eating into those…
Read moreDBRS: Unemployment Bigger Concern than Interest Rates
Interest rates, along with the high amount of debt Canadians continue to take on, has been a huge concern surrounding mortgages in Ottawa. But DBRS, a credit rating agency, says that unemployment is more of a concern than either our growing debt, or an interest rate spike. The agency said that while Canadian households would…
Read moreAn Alternative to Calgary Mortgages
Alberta housing prices are starting to climb, and certain cities in the province have been on a booming upswing for the past several years. While the boost has been great for builders and developers, it’s left some people looking for Calgary mortgages or Edmonton mortgages looking for different options. The problem is, just as in…
Read moreIs Toronto’s Condo Market Starting to Normalize After All?
Even though the Toronto condo market has really only been slightly overheated for a year or so, it seems like it’s been forever that people have been panicking over the amount of condos going up, the increasing sale prices, and the amount of people continuing to take on Toronto mortgages. But now, all that unrest…
Read moreThe Canadian Mortgage Wars are on Again!
Canada has already seen its share of mortgage wars between lenders across the country. Back in January, BMO dropped their rate to a historical low of 2.99% on a five-year fixed term, and all the other major banks followed suit. Then they did the same thing in March and once again, most of the Big…
Read moreThe History of Interest Rates
Interest rates are what homeowners seem to live and die by sometimes. When are they going up, and how long are they going to stay so low? Currently in Canada we know that the next interest rate announcement from the Bank of Canada will come on June 5. And we also know that it’s likely…
Read moreVancouver Sales Down, Prices Still Up
All eyes have been on Toronto sales, Toronto homes, and Toronto mortgages for the past month or so, and that could be because Vancouver is starting to take a little less heat as market conditions seem to be normalizing there. But there are still signs of trouble as sales are slumping, but home prices remain…
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