5 Year Fixed 3.74%

5 Year Variable 3.15%

Current Mortgage News

President and CEO of the Canadian Mortgage and Housing Corporation (CMHC), Evan Siddall addressed industry concerns regarding the regulatory changes at the National Mortgage Conference earlier this week.

Prime interest rates have increased, snow will likely bring a slow down to the real estate market, and what renovations can help add value to your home. All this and more on this week’s edition of Open House: The Real Estate and Mortgage Show.

As expected, the Bank of Canada has moved ahead with another increase of 0.25% to the target rate in a decision released today bringing the overnight target rate to 1.75%.

The stress test implemented in January 2018 has made it more challenging for those looking to shop around when their mortgage is up for maturity.

Jennifer Anderson from Advanced Mortgage Investment Corporation joins Steve Gregory, Frank Napolitano, and Paul Rushforth discussing the latest in Mortgages and Real Estate.

In a recent survey by the Canada Mortgage Housing Corporation (CMHC), 85% of recent first-time home buyers purchased homes at the top of their price range.

What to do when mortgage rates increase?

Sales and listings are starting to level off, mortgage rates are potentially on the rise- get caught up on this week’s edition of Open House: The Real Estate and Mortgage Show

With the new trade deal signed between Canada, the U.S. and Mexico (USMCA), the Bank of Canada may take this is as another indicator the economy may be able to support additional rate increase over the coming months.

New guidelines released by the Canada Mortgage and Housing Corp. (CMHC) have now come into effect to assist self-employed borrowers in qualifying for mortgage financing.

Bond markets have been priced for the Bank of Canada to raise interest rates. Steve, Frank and Paul discuss the options for variable rate mortgage holders in a time of uncertain rate changes.

Around half of Canadian mortgages will be up for renewal in the next 2 years. Here are some terms that may help save thousands.