Last week, Finance Minister Jim Flaherty announced new mortgage rules meant to cool off the overheated housing sector and help Canadians tame sky-high household debt levels.
Prices of homes in the Greater Vancouver area continue to climb while home sales have dropped to some of the lowest levels seen in a decade
There has been a lot of mortgage news recently as the Big Banks fight for market share with record-low mortgage rates.
The rate wars are over. Oops. Better hold that thought
The clock is about to strike midnight for mortgages rates that have been the best deal of the past half century
The federal housing agency is serving notice to banks and other lenders that it is nearing the limit on mortgage insurance it can offer them.
There’s a brilliant reason to get into our expensive and quite possibly weakening housing market right now.
If you’re single and wondering whether home ownership is right for you, why not take a moment to consider the many advantages of owning your own home.
The Bank of Montreal cut its special five-year fixed rate mortgage by 20 basis points Wednesday, bringing it down to 3.59% from 3.79%.
BMO said in a statement that the move was an effort to provide potential home buyers an incentive as the fall season rolls around.
Most potential homebuyers are a smidge daunted by the fact that they’re about to agree to a hefty mortgage that they’ll be paying for the next few decades. The best way to relieve that anxiety is to be confident you’re purchasing the best home at a price you can afford with the most favorable financing. These seven steps will help you make smart decisions about your biggest purchase.