The 2020s won’t be the decade to lock into a long-term fixed mortgage, not if you believe RBC Economics. It’s projecting just 1.7% annual economic growth for the next 10...

For some people, minimizing their monthly payments outweighs minimizing interest expense. These people happily pay higher rates to improve their cash-flow. That’s precisely why interest-only (I/O) mortgages exist. And since...

Iran is still miffed about the U.S. exterminating its #1 general. It’s reportedly contemplating 13 potential strategies for inflicting a “historic nightmare” on the American infidels. Apart from ensuring its...

Here’s reason #5,369 why we don’t like to predict interest rates: war. Canada woke up this morning to the leader of Iran’s Revolutionary Guards’ Quds force being incinerated by a...

motusbank and Tangerinehave been putting the screws to HELOC competitors for months now. Their respective 3.75% and 3.85% HELOC rateshave undercut almost every lender in Canada since last spring. That’sfar...

Every December, we try to read the tea leaves and prognosticate what’s ahead for real estate lending. (See this year’s2020 mortgage predictions.) It’s always a fun exploit, and this year,...

For years, seniors, mortgage advisors and financial professionals have complained that reverse mortgage rates are too high. Well, things are looking up. Last month we saw the biggest one-day drop...

6.2%. That’s how much Canada’s average home price could rise in 2020, according to CREA. The national average home price is already up 8.4% in the last 12 months. A...

Many of you know that the lowest mortgage rates in Canada often require default insurance. Insurance reduces credit risk and losses for lenders, and lenders often pass that savings through...

In 2012, Canadians lost the ability to buy $1 million+ homes with less than 20% down. The Finance Department put the kibosh on it, in its hotly debated quest to...