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[ad_1] Changes to the BoC rate impacts the prime rate set by Canadian lenders, which in turn affects the pricing of variable-based borrowing products, which are...
[ad_1] In 2018, the stress test was expanded to include buyers with more than a 20% down payment (those with uninsured mortgages). Since then, all Canadian...
[ad_1] “The stress test was introduced to add a margin of safety to ensure borrowers could make their payments if they faced a change in circumstances—such...
[ad_1] The Florida Realtors Relief Fund is offering $500,000 to help hurricane victims. The National Association of Realtors‘ Realtors Relief Foundation announced a $500,000 grant to Florida Realtors to...
[ad_1] A total of three rate cuts passed down from the Bank of Canada since June have cumulatively lowered the cost of borrowing for Canadians by...
[ad_1] For those in that position, as well as those whose mortgages expire in the next 12 months, it’s best to go into the renewal process...
[ad_1] Speaking at Global Risk Institute summit on Wednesday, Routledge said he was worried that the requirement by lenders to run the “OSFI stress test” is...
[ad_1] The short answer to the question “Are mortgage rates dropping?” is yes. On August 5th, daily average 30-year fixed mortgage rates dropped to 6.43% which...
[ad_1] When it comes to finding the right balance between saving, spending, and investing, one of the biggest questions many people face is how much of...
[ad_1] For those looking to move from an apartment in Glendale, California to a home in Sherman Oaks or outside the state, mortgage interest rates are...
[ad_1] Are more rate cuts likely? In announcing the rate cut Wednesday, Bank of Canada governor Tiff Macklem said if inflation continues to ease broadly in...
[ad_1] What does the rate cut mean? The immediate impact of today’s rate cut will be interest rate relief for Canadians. As a result of today’s...
[ad_1] But picking a fixed mortgage rate can be problematic if you decide to sell your house and are forced to break your mortgage contract in...
[ad_1] Bond yields have a “positive correlation” with fixed mortgage rates. That means when bond yields go up, so do fixed-rate mortgages, and vice versa. And...
[ad_1] What is the Bank of Canada’s interest rate? This latest decrease brings the central bank’s rate—which sets the benchmark for Canada’s prime rate and variable-rate...
[ad_1] Before locking into a familial loan, both parties must assess whether they are on the same page and are in a position to take on...
[ad_1] What to see the difference in a 25-year versus 30 year mortgage? Tap the filter icon on the far right to expand the data fields....
[ad_1] Sometimes, emotions are the motivation for buying a vacation property. I like to evaluate a property purchase from a financial point of view as well—and...
[ad_1] Whether or not a variable-rate mortgage is a good option for you depends largely on market fluctuations. Rates for this type of mortgage are typically...
[ad_1] But if you have some flexibility around where to live, there are cities and neighbourhoods in Canada where homes can be had for less than...