RBC the First to Raise Mortgage Rates due to Plunging Bond Prices
There is balance in everything. When one area of the economy goes up, another part must go down. It’s economic balance, and it’s what’s caused RBC to become the first major lender to raise its mortgage rates. At the end of last week it was reported that Canada added 95,000 jobs in May, a huge…
Read moreWill Prices Fall, or Won’t They?
A report that was released by Scotiabank on Friday has everyone talking. And they’re talking about whether home prices will fall, rise, or hold steady over the next several years. Despite consumer confidence in the housing market right now, Scotiabank believes that prices will fall over the next several years, as the global economy continues…
Read moreMoney Talks: Volume 28
Personal Finance This week Boomer & Echo looks at some financial decisions you might be making every day that just don’t make sense. Want to start recording what you’re spending? Canadian Finance Blog tells you how. Need someone to help you make those everyday financial decisions? This week RateSupermarket gives advice on finding the right…
Read moreStephen Poloz Makes First Speech
Okay, we’re not sure if this was the new Bank of Canada governor’s very first speech, or if it was just the first one the public would have interest in. Either way, Stephen Poloz appeared before the House of Commons Standing Committee on Finance on Parliament Hill yesterday. While there he talked mainly about the low…
Read moreSix Pitfalls to Avoid when Getting a Mortgage for Your Investment Property
Getting a mortgage can truly be an overwhelming, and sometimes terrifying, experience – especially if this is the first income property you’ve ever purchased. But if you keep your wits about you, and know which traps and pitfalls to avoid, you’ll be approved for your mortgage quickly, won’t end up paying too much for it…
Read moreBanks Looking for Alternative Sources of Profit as Residential Mortgages Slow
It’s no secret that home sales are slowing all over Canada. And along with that, mortgages are starting to dry up at the big banks, too. It’s for this reason that experts believe the trend at banks is going to be starting to focus on commercial lending, capital markets, and other forms of profit that…
Read moreRateSupermarket.ca is Purchased by Kanetix
It’s not often that the purchase of a website makes the news. It happens every day. But when the website being purchased is one of the biggest rate comparison sites for mortgages in Canada today, people take notice. That’s just what’s happened with RateSupermarket.ca after it was purchased by Kanetix. Kanetix will add RateSupermarket to…
Read more
Contact Us
Contact us today to set up an appointment.