5 Year Fixed 3.74%

5 Year Variable 3.15%

Current Mortgage News

Although recent reports have shown a dip in Canadian real estate, given the home sale data from October, it seems that the Canadian housing market remains balanced according to the recent data release from the Canadian Real Estate Associate (CREA).

The days of assuming low mortgage debt loads means less of a credit risk to the lenders and banks are in the past.

Have a HELOC on your property? Some banks have changed qualifying policies; listen now to find out more.

Mortgage Forecast: What’s next in the market this year

In the month of October, members of the Ottawa Real Estate Board (OREB) sold a total of 1,383 residential properties. This is an increase from both last October which saw 1,237 sales and the 5 year average of 1,223 sales for an increase of nearly 12%.

: Sometimes prepping a house to show involves difficult conversations about décor and personal items. Thinking of selling your home, what to consider in regards to your mortgage. All this and more on this week’s episode of Open House: The Real Estate and Mortgage Show on CFRA.

President and CEO of the Canadian Mortgage and Housing Corporation (CMHC), Evan Siddall addressed industry concerns regarding the regulatory changes at the National Mortgage Conference earlier this week.

Prime interest rates have increased, snow will likely bring a slow down to the real estate market, and what renovations can help add value to your home. All this and more on this week’s edition of Open House: The Real Estate and Mortgage Show.

As expected, the Bank of Canada has moved ahead with another increase of 0.25% to the target rate in a decision released today bringing the overnight target rate to 1.75%.

The stress test implemented in January 2018 has made it more challenging for those looking to shop around when their mortgage is up for maturity.

Jennifer Anderson from Advanced Mortgage Investment Corporation joins Steve Gregory, Frank Napolitano, and Paul Rushforth discussing the latest in Mortgages and Real Estate.

In a recent survey by the Canada Mortgage Housing Corporation (CMHC), 85% of recent first-time home buyers purchased homes at the top of their price range.