The recent rate hike has caused financial imbalances in the budget of many Canadians according to MNP Consumer Debt Index

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.

The goal of the BoC is to ensure that they can control the high inflation in the country, and this is currently their top priority.

Mortgage professionals are realizing the uncertainty and the unpredictability of the mortgage industry when faced with unknown circumstances.

The mortgage landscape of Canada will be changing in the coming months because of the BoC increasing the benchmark rates.

By knowing the factors affecting your interest rate, you will have a better understanding of the mortgage rates available to you.

The housing affordability in Canada has declined to its worst level in 31 years, according to economic experts.

Canadians are putting their home buying plans on hold because of rising interest rates and unpredictable economic outlook.

First-Time homebuyers can face disappointment when they are not able to qualify for the best rates. There are some reasons why you might not qualify.

There was a 7.9% increase in consumer debt making the total consumer debt to $2.2 trillion. Another rate hike is expected in April.