Mortgage rates

Concord Pacific

Deciding Between A Leasehold And A Freehold Property

In some areas of B.C., buyers have the option to purchase freehold or leasehold properties. Vancouver's West End has leasehold condos, for instance, while False Creek, Fairview Slopes, and Point Grey offer leasehold town homes and detached houses. You might also see listings for leasehold properties on Vancouver Island in James Bay and other areas. However, it's important to understand the financing implications of a leasehold property before making an offer.
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Need A Mortgage? Here's What You Should Know

Mortgage brokers would be doing their clients a disservice if they simply offered low rates without clearly going through the details. Misguided borrowers sometimes choose a less advantageous product based on rate alone. This often leaves them restricted or stuck with a lender that doesn't truly value great customer service.
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Brace Yourselves

OTTAWA - The Royal Bank of Canada (TSX:RY) says the ability of Canadians to keep up with housing costs has been improving of late, but warns that's about to change.RBC's latest housing affordability m...
Canadian consumers have been enjoying historically low mortgage rates since about 2009, when the financial crisis forced central banks around the world, including the Bank of Canada, to turn on the easy money spigots. The result has been a serious real estate boom, record home ownership rates and a buzzing construction industry. But policymakers warn interest rates can't stay low forever; consumers have amassed record levels of debt; and experts are warning house prices have become detached from fundamentals. Will these record low rates last, and will a housing bust follow when they end?