Big banks reign over Canada’s mortgage market, but one segment that they particularly dominate in is readvanceable mortgages. If you want a good readvanceable you have very few choices outside...

Canadian mortgage rates follow U.S. rates like spring follows winter. So today’s U.S. Federal Reserve rate cut is most relevant indeed. The Fed chopped the floor for its key target...

Bond Bloodbath It was a grisly Friday the 13th in the bond market.Investors ran from bonds like they were being chased by Jason Voorhees with a chainsaw. U.S. 5-year bonds...

It didn’t take the government long to propose changes to the First-Time Home Buyer Incentive (FTHBI). Just 10 days after the program launched, and following criticism that the Liberals’ new...

Some people think we’re in a bond market bubble. If that’s true, and we’re not declaring it is, the last four days are kinda what you get when a bubble...

Knowing the future wouldn’t help you pick the right mortgage. Unless you knew allthe future. Imagine a fantasyland case where it was 100% certain that all mortgage rates would be...

Markets predicted the Bank of Canada would do nothing to rates for the 11th straight month…and they were right. Here’s a quick look at the BoC’s rate statement: Rate Decision:No...

After five months of buildup, the government’s controversial First-Time Home Buyer Incentive is now live. Kind of. Applications for the program, which lowers borrowers’ interest and default insurance costs (using...

If there’s one thing the major banks wish would go away, it’s talk about their fixed-rate mortgage penalties. Competitors constantly use accounts of huge bank penalties to sell against the...

Just when you think it’s safe to go back in the water, just when you think rates might be putting in some kind of floor, the bottom falls out again....