Canadian Mortgage Interest Rates Archives

Affordable Housing in Toronto is Still a Major Problem

Affordable housing in Toronto has been difficult to find for a while now — but despite hopes that it would get better, it is still a major problem for many. A recent report from Zoocasa determined that in the Greater Toronto Area, it would...

Posted October 16, 2019 | by admin |in Blog, Canadian Consumer Debt, Canadian Household Debt, Canadian Mortgage Interest Rates, Deal with Debt, Dealing With Debt, Debt to Income Ratio, DebtCare Canada, Getting Out Of Debt, Housing Affordability, Mortgage Financing, Mortgage Interest Rates, Struggling with Debt

Don’t Wait Too Long to Refinance Your Mortgage – Get Ahead of Rising Interest Rates

If you’re interested in refinancing your mortgage, it’s better to act sooner rather than later. Why? Let’s break down the reasons. New Canadian mortgage regulations are making it harder to access financing. On January 1, 2018, the Canadian...

Posted May 22, 2019 | by admin |in Blog, Canadian Mortgage Interest Rates, Current Home Mortgage Rates, DebtCare, Mortgage Financing, Mortgage Interest Rates, Mortgage Refinance, Mortgage Refinancing, New Mortgage Rules, Ontario Mortgage Broker, Refinance My Mortgage, Second Mortgage Financing

What You Should Know to Be Financially Prepared for 2019

Make a Personal Finance Plan for Higher Interest Rates, Mortgages, Line of Credit Payments, and More The new year is upon us. Do you have a personal finance plan for 2019? The Canadian economy is changing. We have already seen the effects of...

Posted January 23, 2019 | by admin |in Bank of Canada Interest Rate, Blog, Budgeting, Canadian Economy, Canadian Interest Rates, Canadian Mortgage Interest Rates, Financial Planning, Money Management, Personal Budget

Bank of Canada Staying at 1.75% for December 2018 – But Don’t Delay Dealing with Interest Rate Debt

Good news for 2018: we won’t be seeing any more Bank of Canada interest rate increases this year. On December 5, 2018, the Bank of Canada (BOC) announced that the overnight interest rate would stay at 1.75% for the month of December. The next...

Posted December 6, 2018 | by admin |in Bank of Canada Interest Rate, Blog, Canadian Consumer Debt, Canadian Household Debt, Canadian Interest Rates, Canadian Mortgage Interest Rates

Facing a 2019 Mortgage Renewal? 3 Things You Need to Know

In a month-and-a-half, it will officially be 2019. What will the future bring for you? If you’re anything like almost 50% of Canadian homeowners, it might bring a mortgage renewal. The Bank of Canada estimates that 47% of residential Canadian...

Posted November 14, 2018 | by admin |in Blog, Canadian Mortgage Interest Rates, Mortgage Interest Rates, Mortgage Rules, Refinance My Mortgage

Pros and Cons of Refinancing Your Mortgage Before Renewal When in a 5-Year Term

Refinancing your mortgage can be a great way to consolidate debt and ease your financial standing, but there is one important consideration to make: the timing. If you’re thinking of refinancing your mortgage before your five-year term comes...

Posted October 10, 2018 | by admin |in Blog, Canadian Mortgage Interest Rates, Mortgage Interest Rates, Mortgage Refinance, New Mortgage Rules

Canada’s Second Mortgage Rate Increase in a Row – What Does it Mean to You?

Back in September, for the second time this year, the Bank of Canada raised interest rates, leading to the inevitable mortgage rate increase at banks and lending institutions across the country. How does the latest BOC interest rate increase...

Posted December 6, 2017 | by admin |in Blog, Canadian Mortgage Interest Rates, Mortgage Rate Increase

Are You Ready for Canadian Mortgage Interest Rates to Go Up?

Currently, Canadian mortgage interest rates are at record lows. This has been great for those looking to obtain mortgage financing over the last few years, whether first or second mortgages. However, as the saying goes, nothing lasts forever...

Posted April 11, 2017 | by admin |in Blog, Canadian Economy, Canadian Mortgage Interest Rates

Financial Focus: Canadian Mortgage Interest Rates Have Nowhere to Go But Up

A few weeks ago, we came across a CBC News article which discussed a recent TransUnion survey, and the results of that survey were quite startling. We’ve spoken before about low interest rates and the fact that many Canadians have taken...

Posted October 19, 2016 | by admin |in Blog, Canadian Mortgage Interest Rates

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