Increasing Stress Among Borrowers Over Rate Hikes
The recent rate hike has caused financial imbalances in the budget of many Canadians according to MNP Consumer Debt Index
The Federal Plan to Boost Housing Supply
Canadaâs federal Liberal Administration unveiled their strategies and plans to tackle the country’s housing affordability crisis.
5-Year Fixed Rates Are Above 4%
The insured 5-year fixed rates are now averaging 3.98% while the uninsured mortgages average 4.12% due to another increase in bond yield.
Mortgage Industry Jargon You Should Know About
If you are applying for a mortgage for the first-time, then there might be some terms you would not be familiar with.
April Home Sales Reduced However Prices Held Their Ground
April home sales reduced in major metro area, however, prices held their ground, according to housing data.
Open Mortgages vs Closed Mortgages
With open mortgage, you can make more regular payments but with closed mortgage, your interest rates are lower compared to open mortgage.
What is Renovation Mortgage Financing?
44% of Canadians have completed their house renovations in the past year or are planning to renovate their houses in the future.
