Mortgage rates

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Mortgage Rate War Is Back

UPDATE: Another big Canadian bank has lowered some of its mortgage rates slightly after an initial reduction by the Royal Bank over the weekend. TD Canada Trust (TSX:TD) now has a posted discounted ra...
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Good News About Interest Rates

OTTAWA - The Bank of Canada won't pronounce on interests rates until later this month, but Scotiabank economists are jumping the gun in speculating Canadians won't have anything to worry about until 2...
CP

No Movement, And Don't Expect Any

OTTAWA - The Bank of Canada is holding its main interest rate at one per cent, where it has been since September 2010.Economists widely expect the central bank to hold its trendsetting rate steady wel...
CP

Must-Knows About Buying Real Estate Now

Is now a good time to buy real estate amid glowing reports of low mortgage rates and high demand Professional pictures of stunning homes and condos with granite, marble and nine-foot ceilings all serve as eye candy, tempting gullible and may dupe home buyers to drop down payments on not-so-smart real estate buys.
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?