Historically low mortgage rates are continuing to make homeownership affordable for Canadians, according to the Royal Bank of Canada. Data from the RBC's Housing Trends and Affordability report shows that low mortgage rates are keeping Canadian homeowners from entering dangerously unaffordable territory. Additionally, the report stated that rate increases are likely not on the horizon. …
It seems that not every member of the Conservative cabinet is a huge fan of Finance Minister Jim Flaherty’s penchant for getting involved in the mortgage market.
The Canadian Association of Accredited Mortgage Professionals has released its Annual State of the Residential Mortgage Market in Canada report for 2012.
Are you the type of person who sees a penny on the sidewalk and steps right over it? You might be missing a golden (or copper) opportunity to pay off your home loans!
Canada’s housing market held up well through the recent global financial crisis, especially compared with its neighbor to the south. But could an American-style housing collapse be on the horizon?
Tighter mortgage regulations designed to pare back the current levels of household debt across Canada take effect today, meaning those looking for Canadian mortgages likely won’t have the option of a 35-year amortization.
New government mortgage rules which go into effect on Friday will eliminate government-backed mortgage insurance for 35-year mortgages, and has had the effect of making many potential homebuyers think twice about their purchase.