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 75 basis points,…
Read more Why are mortgages so expensive in Canada? – MoneySenseSpeaking at Global Risk Institute summit on Wednesday, Routledge said he was worried that the requirement by lenders to run the “OSFI stress test” is making Canadians feel…
Read more I want to switch mortgage lenders—do I have to pass the stress test again? – MoneySenseWhat 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. Change the amortization…
Read more Should you get a 30-year mortgage? – MoneySenseMortgage payment calculator Understanding the long-term financial implications of a home mortgage, particularly the cumulative impact of interest, can be complicated. A mortgage payment calculator is an essential…
Read more Tools to calculate your mortgage payments and costs in Canada – MoneySenseReal estate prices in Canada: investment or debt? I also worry that people may have too much confidence that real estate prices will continue to grow at high…
Read more Should you hold your mortgage inside your RRSP? – MoneySenseChoosing whether to rent or buy has never been a simple decision — and this ever-changing housing market isn’t making it any easier. With surging mortgage rates, record…
Read more Rent or buy? Here’s how to make that decision in the current real estate marketPhiromya Intawongpan | Istock | Getty Images Anyone who’s exploring homeownership may know that rising interest rates and elevated home prices are making that goal challenging. The average…
Read more The mortgage rate you get depends partly on your credit score. Here’s what to expect
