Good news for home owners in variable or adjustable rate mortgages. The Bank of Canada announced yesterday that its overnight rate will remain unchanged for the time being. Canadian Banks… Read it »
Today the most recent real estate and mortgage statistics, as prepared by the Canadian Association of Accredited Mortgage Professionals was released. This issue highlights trends in interest rates, bond yields,… Read it »
As expected, the Bank of Canada raised it’s overnight interest rate this morning by .25%. This affects mortgage holders that have Home Equity Lines of Credit (HELOCs) or Variable or… Read it »
Increasing competition in the Canadian Mortgage Market has again resulted in an opportunity for Canadian home buyers to save money. Just recently, First National Financial (*one of First Foundation’s favourite… Read it »
With all of the recent speculation in the news about interest rate increases and what the Bank of Canada will do to combat inflation, I thought it would be interesting… Read it »
If any of you are concerned about the news out of the United States regarding mortgage defaults and lender bankruptcies, this article about the Canadian Mortgage Market is very encouraging.… Read it »