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Tag Archives: Bank of Canada
Three Ways to Maximize Your Mortgage Financing Potential
2022 will be remembered for its highly competitive housing market. Buyers need an edge. Those looking to renew their mortgage can reduce the mortgage approval limiting impact of the stress test – AND get further ahead with their mortgage financing … Continue reading
Will You Pass the Mortgage Rate Stress Test?
A doctor may prescribe a stress test to safeguard your health by monitoring breathing, blood pressure and heart rhythm. The Department of Finance is prescribing one to protect the financial security of Canadians and support the long-term stability of the … Continue reading
Is Canada’s housing market in a bubble?
Talk about varying opinions. The Globe and Mail’s real estate reporter Tamsin McMahon analyses seven ways the Canadian housing market is measured – and explains why some assessments are better than others. “Is Canada’s housing market in a bubble? The … Continue reading
Posted in First Time Home Buyer, General
Tagged Bank of Canada, Bubble, Canada, CMHC, Company of Women, Globe & Mail, Housing Market, TD Bank
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The Incredibly Shrinking Variable Discount
Fixed or variable? Fixed or variable? Everyone wants to feel as though they had made the best choice when deciding between a fixed or variable rate mortgage. In this economy however, there is no right or wrong answer. All the … Continue reading
Posted in Mortgage Rates
Tagged 5 year fixed mortgages, Bank of Canada, basis points, Canadian Mortgage Trends, choosing fixed or variable, discounted variables, fixed rate mortgages, interest rates, lenders, mortgage rates, posted rates, prime, prime minus, prime plus, prime rate, rate studies, save money on fixed rate mortgage, save money on variable rate mortgages, spread between fixed and variable rates, terms, variable rate mortgages
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