MONTREAL — The Bank of Canada's surprise interest rate cut may provide some financial relief for borrowers, but experts say the main focus of Canadians should be getting their debts under control. Des...
Andre Kudyusov via Getty Images
TORONTO - Homebuyers hoping for another pullback in already low mortgage rates following this week's surprise quarter-point cut in the Bank of Canada's key overnight rate are likely feeling some disap...
TORONTO - Economists say Canadian borrowers can expect as mortgage rates to dip slightly in response to the Bank of Canada's surprise move to cut its trend-setting interest rate.The central bank lower...
Since peaking in July 2007, prior to the 2008 credit crisis, interest rates have fallen and have remained at their lowest level in two generations. Experts predict that this could be the year that interest rates finally start to increase. The question is, should we really care?
Patti McConville via Getty Images
Analysts have predicted this will be the year that the Bank of Canada raises its benchmark interest rate. And it could very well be the year it does. Unless of course, it doesn't. "I think...
Bidding wars for Vancouver real estate can have unintended consequences if a buyer offers more than the property's appraised value.
Carlina Teteris via Getty Images
The bank of Mom and Dad is playing a larger role in helping Canada's first-time homebuyers put together a down payment. That’s one of the findings of a survey of the residential mortgage market ...
Peter Dazeley via Getty Images
At the end of the day, would you rather pay $1,800 in rent or mortgage?
Maskot via Getty Images
TORONTO - A new report suggests that Canadian homeowners are paying down their mortgages faster than they're being given credit for.CIBC deputy chief economist Benjamin Tal says homeowners are taking...
One effective way to offset the costs of a mortgage is to create a secondary suite or in-law suite and rent it to a tenant. If you're thinking of going this route, here's what to keep in mind.
How might plummeting home values impact Canadians? It's not entirely clear and that's frustrating for mortgage brokers and real estate insiders alike.
TORONTO - TD Bank chief executive Ed Clark says the federal government needs to do more to ensure Canadians aren't taking on more debt than they can handle.The banking head, who retires in November, s...
Getty Images/Flickr RF
TORONTO - The Bank of Montreal has slashed its five-year fixed mortgage rate to 2.99 per cent in a move that some real estate experts say will soon force the other major banks to follow suit."Usually...
Buying a property does have some added costs that aren't associated with rentals. Before you get serious about buying, make sure you've considered and budgeted for the following.