Higher bond yields could fuel a rise for fixed rates!

Posted On Nov 22, 2024

Canadianbond yields jumped 61 basis points in the last 2 months.Fixed mortgage rates generally follow the trend.US 10 year treasuries also continue to move higher, adding a further push towards higher Canadian mortgage rates.As a result if people...

CMHC groups cities into 3 types for mortgage arrears

Posted On Nov 19, 2024

Three distinct groups of cities emerge from CMHC's analysis:housing markets that may not go through sharp increases in mortgage arrearshousing markets that may go through sharp increases in mortgage arrearsa mixed group that deserves further...

How Car Loans could impact your mortgage borrowing power?

Posted On Nov 15, 2024

 Calgary, average car loan along with related expenses could account for 54 per cent of the average mortgage payment.Newfoundland and Labrador, car payments costs would be 107 per cent of the monthly mortgage payment. Greater Vancouver car payments...

Are most Canadians waiting for the rates to fall to 3 % ??

Posted On Nov 08, 2024

Publishings from a recent poll state that 74% of Canadians are waiting for the rate to fall around 3% before they get into action for home buying.12 % would jump into the market if rates fell below 4% .37 % noted three per cent or lower would get...

There is no free lunch warns BOC

Posted On Nov 07, 2024

The 30 years Amortisation coming into effect soon and BOC pointed that:1) Moving from 25 to 30 years amortisation, borrowers could lower their monthly payment by 200$.2)However in doing so their interest cost over 5 years of the added amortisation...

Transitioning from Renter to Homeowner

Posted On Nov 05, 2024

So, you’re ready to transition from a renter to a homeowner. Congratulations! This is not only a very exciting endeavour, but also one of the biggest decisions you’ll ever make.To help ensure this is a smooth transition into becoming a homeowner,...