Economists Forecast a Pause in Bank of Canada Rate Increases
Scotiabank economists predict hold on further Bank of Canada rate hikes, giving time to consider home mortgage and refinancing options.
Read moreBanks Aim to Compete with HELOCs Available through Mortgage Brokers
New mortgage products offered by major banks attempt to compete with home equity lines of credit (HELOCs) offered through independent mortgage brokers.
Read moreHome Mortgages, Second Mortgages etc., Likely to Remain Near Historic Lows
Home mortgage products (first and second mortgages etc.) are likely to remain below historic norms well into 2011, as analysts forecast a halt in further Bank of Canada rate hikes until some time next year.
Read moreThe Basic Mortgage Terminology
A few common terms used by mortgage brokers that should be known and understood by customers.
Read moreForecasts of Pause in Rate Hikes, Mean Continuing Low Mortgage Rates
Comments by Bank of Canada Governor, Mark Carney, have economists forecasting that further interest rate hikes are on hold, which is positive news for home mortgage rates.
Read moreMortgage Rates Below Historic Norms, as Housing Markets Rebound
Mortgage rates remain well below historic norms, as “Canada’s residential real estate markets are set to return to more normal levels of activity.”
Read moreCanadian Headlines of “Dismal Housing Prospects” Not Supported by IMF Report
Despite dire headlines, the IMF classifies Canada as one of the few “rebound economies” in which mortgage and real estate markets have avoided the steep declines in so-called “bust economies” including the U.S. and Great Britain.
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