In the Wake of New Lending Rules, Variable-Rate Mortgages are Becoming More Popular in Canada
New mortgage rules have made it harder for Canadians to qualify for five-year fixed rate mortgages. Luckily, variable rates continue to offer more savings.
Read moreCanada’s Mortgage Rates Remain Low – For Now
Canada’s mortgage rates remain near historic lows, but developments south of the border indicate a shift may be under way.
Read moreSnapshot of Canada’s Residential Mortgage Market
Canada’s housing market continued to prove its resilience in 2015, as the combination of rock bottom interest rates and a competitive finance system outweighed the negative shock of plunging oil prices on the economy. Actual home sales rose 10% on a year-over-year basis in December,[1] with first-time homebuyers representing a growing share of the residential mortgage market.
Read moreVancouver Home Prices Set to Rise
As if property in Vancouver didn’t cost enough, now realty firm Royal LePage is predicting that real estate prices in the Metro Vancouver area will rise by 7.2 per cent in 2010.
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