Mortgage news

Low interest rates are having a positive impact on how quickly Canadians are paying down their mortgages, finds a report from Mortgage Professionals Canada (formerly CAAMP).

The federal government is tightening mortgage rules, which are clearly aimed at slowing down the Toronto and Vancouver housing markets.

Flickr: minimumr Residents of Southern Alberta have been slowly recovering from devastating floods over the past few weeks, and now have to face the possibility of stricter mortgage policies on their homes as a result. Banks … Read More

In his final monetary policy announcement as Governor of the Bank of Canada (BoC), Mark Carney revealed the central bank will leave the overnight lending rate at 1.00 per cent. The overnight lending rate has remained … Read More

For the 30th consecutive month, the Bank of Canada (BoC) has decided to leave the overnight lending rate at 1.00 per cent. As the central bank’s governor Mark Carney gets ready for his departure from Canada, all … Read More

Last week, there was no Friday mortgage news recap due to Good Friday, but we hope everybody had wonderful long weekend. News from this week: the housing market in Toronto took a couple of negative hits due … Read More