News and resources for Canada's top financial advisors
Est. 1998
Industry
The majority of Canadians feel now is a good time to buy a house. Except that they won’t take the leap.
By Vikram Barhat |April 5, 2012
2 min read
The mortgage war reignited by BMO barely a couple of weeks ago may end sooner than expected as RBC decides to raise its residential mortgage rates, effective March 29, 2012, promptly followed by Toronto-Dominion Bank. Both RBC and TD are moving their special four-year fixed-rate mortgages up by 50 basis points to 3.49%. The rate […]
By Vikram Barhat |March 26, 2012
1 min read
The majority of Canadians (86%) expect mortgage rates to be higher over the next 12 months, while half (50%) would choose a fixed rate mortgage if deciding today, according to a CIBC Poll conducted by Harris/Decima.
March 26, 2012
Barely two months after the fires were put out, BMO has reignited the cooling embers of the mortgage war among Canada’s largest banks. The bank announced, effective today, it is dropping the interest rates on a five-year mortgage to a historic 2.99%, a reduction of 50 basis points on the existing rate. The rate on […]
By Vikram Barhat |March 8, 2012
Citigroup has agreed to pay $158 million in order to resolve an investigation into its mortgage practices.
February 16, 2012
Canada’s banking regulators are putting the screws to lending practices they see as risky—particularly in the bubble condo markets that are forming in Toronto and Vancouver. And that's a good thing.
By Philip Porado |February 1, 2012
3 min read
Economic Indicators
The race to offer lower mortgage rates just got more intense as credit unions decided to jump into the fray. Barely a week after BMO triggered a price war by dropping the interest rate on a five-year fixed-rate mortgage to an unprecedented limited-time offer of 2.99%, followed by TD Bank and RBC with similar offers, […]
By Staff |January 23, 2012
Canadians say they are eager to be debt-free, but are missing many opportunities to pay down debt faster, says Manulife Bank.
By Staff |December 6, 2011
A home equity line of credit can be an important source of emergency funding, and many Canadians have opted for its flexibility and lower interest rate. But many are not entirely sure of what they have signed up for, according to a survey out today.
By Staff |November 15, 2011
Over 600,000 Canadians will struggle to make their mortgage payments if their rates rise by just 1%, according to the seventh Annual State of the Residential Mortgage Market report by the Canadian Association of Accredited Mortgage Professionals (CAAMP).
By Staff |November 9, 2011
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