Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents): Federal Budget a Snoozer for Housing (RATESDOTCA) The feds tried hard not to upset the apple cart with today’s budget. Are Mortgages with 35-year Amortizations Worth it? (RATESDOTCA) Yes indeed, 35-year ams still exist in Canada. Bank of Canada expected to slow pace of...
Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents): Canadian Reverse Mortgage Rates Drop to Record Low (RATESDOTCA) Upfront rates are one thing. Renewal rates are another. BMO chief economist says “fiery demand” sets Canadian housing market into a “towering inferno” (The Georgia Straight) Sure Porter, upstage our nuclear meltdown metaphor with a...
Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents): Meltdown Risk Growing for Canadian Housing (RATESDOTCA) Average price of Canadian home rising at fastest annual pace ever, now up to $716,828 (CBC News) Why Canadians aren’t interested in negative interest rates (Financial Post) 3 in 4 don’t want negative rates, says BoC. Now...
Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents): How higher rates affect your mortgage renewal (RATESDOTCA) There’s a fair chance that many who got record-low 5-year fixed rates in the last 9 months will see their payments rise at maturity. They’re renewing a mortgage – should they go fixed or variable? (The...
Here’s a daily helping of Canada’s latest mortgage news (the italics are the Spy’s 2 cents): First-time Buyers Can’t Save Down Payments Fast Enough to Keep Pace with House Prices (RATESDOTCA) Meanwhile, CMHC says it plans to launch a revised First-Time Home Buyer’s Incentive this spring, which reportedly boosts buying power (i.e., further fuels home prices) Pattie Lovett-Reid: Housing affordability...
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