Some Canadian Banks Lowering Mortgage Rates
As Mortgage Rates Fluctuate it is Imperative to Talk to Your Mortgage Broker. Following a June increase in prime rates, and as residential mortgage rates across Canada threaten to rise, alongside the state of our economy.
Read moreCanada Touted as an Uncommon Pillar Of Economic Strength?
Amidst Global Economic Turbulence, Canada Remains Relatively Stable. An article in the Globe and Mail today by Michael Babad touts Canada’s economy as uncommonly stable and sound.
Read moreA Reverse Mortgage and Retirement Planning
Statistics show that seniors are staying in their homes later into retirement. Homeownership does not decline significantly between ages 65 and 74. A reverse mortgage is an ideal way to both enjoy continued homeownership and tap into the retirement nest egg one’s house represents.
Read moreMortgages, Home Equity Loans at Near-Lowest Rates
Despite a dip in inflation, industry analysts expect lending rates to increase over the balance of the year. Mortgages, home equity loans and lines of credit currently remain at near-lowest levels.
Read moreCanadian Home Owners Experience the Wealth Effect
As Canada Housing Prices Rise So Do Our Spending Habits. Statistics Canada recently revealed that average the average net worth of Canadian households has risen by almost one and a half percent (1.3% to be exact).
Read moreConsider Refinancing or Debt Consolidation in Light of Bank of Canada Comments
Comments from the Bank of Canada’s recent Financial System Review highlight the rapid growth of household debt – debt which savvy borrowers may consider when refinancing mortgages or consolidating debt.
Read moreLower than Expected Inflation Numbers May Influence Mortgage Rates
Continuing lower than expected inflation is liable to affect Bank of Canada’s overnight lending rate and could lead to higher mortgage rates after July 20th.
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