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[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] In the company’s fall economic outlook released Thursday, it forecasts the central bank’s interest rate will fall to 3.75% by the end of this year...
[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] 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...
[ad_1] It’s been a tough time for home owners (and first-time home buyers), but the Bank of Canada (BoC) has held interest rates steady since July...
[ad_1] How do interest rates relate to affordability? In an effort to subdue runaway inflation, the Bank of Canada (BoC) has raised the benchmark interest rate...
[ad_1] As an example, someone who considered themselves fortunate to secure a 5-year variable rate mortgage at 0.9% in early 2022 may have seen their interest...
[ad_1] Mortgage 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...