Many Canadian home buyers have put off their property purchases in recent years, due to rising interest rates and scant supply – but it appears …
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Despite steadily rising borrowing costs over the last two years, Canadian mortgage borrowers have been lauded for their ability to keep up with their payments – but new data shows cracks may be starting to form.
Read articleFor people who can’t borrow enough to afford a home, having someone co-sign a mortage can help. However, co-signing a mortgage can be risky… here’s why.
Read articleAnd that makes five: the Bank of Canada opted to keep its trend-setting Overnight Lending Rate at 5% today for the fifth consecutive time, further …
Read articleGrowing confidence in future rate cuts appears to have fueled a spring housing market resurgence. The February data released today from the Toronto …
Read articleWhen you take out a mortgage, you’ll sign a contract with your lender that outlines the specific features of your mortgage, such as the interest rate you’ll pay, whether it’s open or closed, and any additional perks such as the ability to make accelerated payments, and porting your mortgage.
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