The latest Mortgage News, Interest Rates and Housing Market Data
The Bank of Canada (BoC) implemented its third consecutive interest rate cut on Wednesday, as it aims to strike a balance between controlling inflation
People hoping for more interest rate cuts from the Bank of Canada have been getting some good news.
In 2024, approximately 2.2 million mortgages in Canada are up for mortgage renewal, representing over 45% of all outstanding mortgages, as per data from
The Bank of Canada cut interest rates for a second consecutive decision on Wednesday (July 24), bringing a sigh of relief to many homeowners
The head of Canada’s banking regulator has once again rejected calls to remove the mortgage stress test on uninsured mortgage switches.
During a testimony
The initial promise of the first-time homebuyer incentive seemed like a beacon of hope for many prospective homebuyers grappling with the challenge of saving
Property taxes are a significant financial obligation for homeowners. These taxes fund essential services like schools, infrastructure, and public safety, making them a crucial
The federal government unveiled new measures aimed at improving access to housing for first-time home buyers before the 2024 federal budget, as the government
When it comes to closing on a home, first-time buyers often encounter a seemingly unexpected expense known as an “Interest Adjustment.” This question comes
Owning a house is a significant milestone but requires a substantial financial commitment! One of the essential requirements when buying a home is having
Obtaining a mortgage pre-approval is a significant milestone for hopeful homebuyers, providing a sense of security that they have secured a loan. However, it’s
Mortgage Professionals Canada is delighted to announce our new collaboration with Oxford Economics in delivering our revamped Housing and Mortgage Market Review. This essential
After an uneventful November and the tension of a cooling year-end market, the national real estate figures for December have defied expectations. A surprising
In October, Canada’s inflation rate dipped to 3.1%, slightly below the expected 3.2%, primarily due to a 6% monthly drop in gasoline prices. The
Despite higher home prices and larger mortgages, monthly housing costs are currently lower on average for homeowners than renters.
The Bank of Canada (BoC) implemented its third consecutive interest rate cut on Wednesday, as it aims to strike a balance between controlling inflation
People hoping for more interest rate cuts from the Bank of Canada have been getting some good news.
The Bank of Canada cut interest rates for a second consecutive decision on Wednesday (July 24), bringing a sigh of relief to many homeowners
The Bank of Canada’s decision to lower its key lending rate by a quarter point to 4.75% today is welcome news for many borrowers.
Refinancing takes care of the current mortgage and any other legal rights against the property, creating an entirely new mortgage.
Recently, there has been a remarkable rise in appraisal valuations; in some cases, it’s even reached the purchase price or higher.
In 2024, approximately 2.2 million mortgages in Canada are up for mortgage renewal, representing over 45% of all outstanding mortgages, as per data from
Suppose you are committed to a five-year mortgage term with two years left until renewal. However, recent changes in your life, such as a
Having multiple credit cards can potentially have both positive and negative effects on your credit score, depending on how you manage them.
A high ratio mortgage is where the borrower’s down payment is less than 20% of the property’s purchase price. In Canada, such mortgages require
You just heard those reassuring words “You are approved!” but this isn’t the end of the journey. You and your mortgage agent must stay
Getting Pre-Approved is as easy as 1-2-3 with our online application.
