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Thursday, July 7th, 2022


HOW A DLC MORTGAGE BROKER CAN REALLY HELP YOU! How a DLC Mortgage Broker Can REALLY Help You!While it’s certainly easy to be intimidated by the prices that you might see as you browse MLS into the wee hours of the night, mortgage interest rates are still at a historical low. If you’re looking at […]

‘White-hot’ Vancouver, Toronto housing markets could be dragged down by rest of Canada, report says

A new report from Moody’s Analytics says Canada’s two priciest markets could eventually be dragged down by housing results in the rest of the country. Toronto condo king Brad Lamb delays Alberta projects amid oil slump: ‘The situation is worse than 2008’ Lamb Development Corp. is delaying construction of two condominium projects in Alberta as […]

Bank of Canada holds key interest rate at 1%

Benchmark rate has stayed the same for 4 years Canada‘s central bank held its key interest rate at one per cent Wednesday, the same level is has been at for four years. In its latest policy decision, the Bank of Canada also kept its “neutral” stance, which means that governor Stephen Poloz has no plans […]

Fixed mortgages now trump variable, report says. Not everyone agrees – Consult with a Vancouver Mortgage Broker

Fixed-rate mortgages have gained an edge over variable-rate mortgages given the improving economy and attractive offers on longer-term deals, says a new report from economists at one of Canada’s big banks. “Fixed now modestly trumps variable,” according to a BMO Nesbitt Burns study published Thursday. While many mortgage brokers agree with that assessment, others caution […]

Talk of rising interest rates no reason for homeowners to panic – Consult with a Vancouver Mortgage Broker

ROMINA MAURINO-  The Canadian Press Talk of rising interest rates tend to make homeowners jittery and, if you have a big mortgage, you may be feeling extra nervous. But while Bank of Canada Governor Stephen Poloz may have made some people uneasy when he spoke in a televised interview last week about the likelihood of rising […]

No more tightening needed after measures averted housing bubble: Flaherty – Consult with a Vancouver Mortgage Broker

Finance Minister Jim Flaherty said he isn’t planning new measures to restrain the country’s housing market because his past four rounds of action have already worked to avoid a bubble. ‘A tale of two markets’: Condominium prices falling while low-rise homes continue to soar A housing crash based on the type of home you have? […]

Low interest rate party may be ending – Ask a Vancouver Mortgage Broker

Watch the bond market and QE moves for early warnings that interest rates will start to rise in Canada. By: Gordon Pape Building Wealth, Published on Sun Jun 23 2013 The interest rate party for borrowers is almost over. After almost five years of historically low rates, we’ve started to see some upward movement in the cost of […]

Mortgage rate hikes shouldn’t torpedo the housing market – Ask a Vancouver Mortgage Broker

LARRY MACDONALD- Special to The Globe and Mail Many housing bears think that the recent increase in mortgage rates is the beginning of the end for the Canadian housing market. I’m not convinced; here are some reasons why. Fixed-mortgage rates have gone up because they are tied to bond yields, which have been rising lately. That’s […]

Yields Spike. Fixed Rates May Follow – Ask a Vancouver Mortgage Broker

By Rob McLister, Editor,   Yields Spike. Fixed Rates May Follow If you’re house hunting or thinking of refinancing, and you don’t have a mortgage rate hold, consider getting one. Canada’s 5-year bond yield just pierced a 3-month high. That means—barring a big reversal—there’s a good likelihood that fixed rates will ratchet higher. (Bond yields steer fixed […]

Surprise: Low interest rates seen sticking around

Interest rates have recently being going somewhere unexpected: down. At their trough last week, the yields on 10-year U.S. Treasuries, the benchmark North American rate, touched 3.11 per cent, the lowest level in six months and more than half a percentage point below their February peak. Yields on 10-year Government of Canada bonds have fallen, […]