Fixed mortgage rates are rising all around us. The latest players to move areRBC, BMO and NBC. Each of them hiked fixed rates this morning.(The latest bank mortgage rates.) What...

HELOCs have been getting a bad rap ever since the FCAC proclaimedin 2017 that “home equity lines of credit may put consumers at risk.” Bank of Canada Governor Stephen Poloz...

“RBC’s affordability measure hasn’t been this bad since 1990.”—RBC Economics That’s according to RBC’s “Housing Trends and Affordability” report, which is making headlines across the country as we speak. But...

“You better be prepared to deal with rates 5% or higher. It’s a higher probability than most people think” —JP Morgan CEO, Jamie Dimon What if interest rates surged far...

Short-term rates are taking off. TD Canada Trust, one of the last big banks with cheap short-term rates, is a case in point. TD had the lowest one-year rates of...

Equifax Canada recently announced it was getting rid of the “Beacon” score, which lenders use to assess mortgage applicants. It’s replacing it with the “FICO” credit score. “The FICO Score...

“Last year marked the beginning of a new era for Canadian households,”said CIBC Economics on Thursday. “For the first time since the early 1990s, interest rates on five-year Government of...

The Bank of Canada has issued its latest rate verdict. Here’s a breakdown of today’s announcement: Rate Decision:No change to the overnight rate Prime Rate: Also no change. Prime remains...

Your mortgage rate isn’t everything, unless you’re in the majority of Canadians. A full 60% of those polled said getting the lowest rate possible is the “only thing that matters”...

Mortgage shoppers ask this question all the time. It’s useful information if you’re trying to discern variable rate trends. While the answer is convoluted, below is some insight into how...