Posts tagged ‘mortgage advice’
Have Canadian Mortgage Rates Bottomed?
Monday Morning Interest Rate Update for November 16, 2020
The recent run-up in the GoC bond yields that Canadian fixed mortgage rates are priced on raises an important question: Have mortgage rates bottomed?
Will October Mark the End of Canada’s Employment Recovery?
Monday Morning Interest Rate Update for November 9, 2020
Last Friday Statistics Canada released its latest employment report and estimated that our economy added another 84,000 jobs in October. This result came in a little higher than the consensus forecast of 75,000 but well below the robust increases we saw in September (+378,000) and August (+246,000). The more jobs we recover, the slower the […]
Fixed- or Variable-Rate Mortgage? Right Now It’s No Contest
Monday Morning Interest Rate Update for November 2, 2020
In today’s post I explain why the Bank of Canada’s most recent comments should end the fixed vs. variable debate until face masks are a distant memory.
The Bank of Canada Stops Purchasing Canada Mortgage Bonds
Monday Morning Interest Rate Update for October 19, 2020
Last week the BoC announced that it would end its Canada Mortgage Bond (CMB) purchase program. Today’s post explains why that may matter more than most think.
Canadian Employment Surges (But We’re Not out of the Sugar Maples by a Long Shot)
Monday Morning Interest Rate Update for October 13, 2020
Our employment recovery continues at a much stronger pace than expected. Today’s post offers my take on how this may impact Canadian mortgage rates going forward.
Bank of Canada Re-Confirms Ultra-Low Mortgage Rates Are Here to Stay
Monday Morning Interest Rate Update for September 14, 2020
Last week the Bank of Canada confirmed that ultra-low rates are going to be around for the foreseeable future. Today’s post explains.
Are We Headed for Too Much Inflation or Not Enough?
Monday Morning Interest Rate Update for August 31, 2020
There are starkly opposing views on whether we will soon have too much inflation or not enough. Today’s post summarizes both arguments and offers my take.
Don’t Appreciate the Mortgage Stress Test Yet? Give It Time
Monday Morning Interest Rate Update for August 24, 2020
The mortgage stress test hasn’t won any popularity contests thus far but appreciation for it may grow in the years ahead.
A Theory on Why CMHC President Evan Siddall Went Rogue Last Week
Monday Morning Interest Rate Update for August 17, 2020
In this week’s post I want to focus on a strange and controversial letter that CMHC’s outgoing President Evan Siddall sent to 100 lenders last week.
Why Our Record Employment Gains Aren’t Impacting Mortgage Rates
Monday Morning Interest Rate Update for July 13, 2020
Today’s post explains why our recent record employment growth hasn’t impacted our mortgage rates and likely won’t for some time yet.
The Must-Have Mortgage Toolkit for Every Home Buyer
Monday Morning Interest Rate Update for July 6, 2020
Today’s post offers links to posts and calculators that will benefit anyone who is actively looking to purchase a home.
Our New Canadian Mortgage Landscape?
Monday Morning Interest Rate Update for April 13, 2020
Last week we learned that our economy lost more than 1 million jobs in March. As the significant economic impacts of the lockdown begin to take form, now seems like a good time to speculate on how lenders will adapt their mortgage lending policies to the new reality.
The Slam Dunk Mortgage Option Right Now (and a Warning about HELOCs)
Monday Morning Interest Rate Update for April 6, 2020
If you need a mortgage now and you don’t already have a commitment in place, a variable rate seems like the clear choice. Today’s post explains why.
Mortgage Strategies for the Coronavirus Crisis
Monday Morning Interest Rate Update for March 23, 2020
Canadian mortgage rates surged higher last week, which surprised borrowers. In today’s post I explain why that happened and offer advice to four different groups of borrowers on how to navigate through the COVID-19 crisis.
Mortgage Basics: Term vs. Amortization
Last Updated on February 20th, 2020
If you are among the many mortgage borrowers who isn’t clear on the difference between mortgage term and mortgage amortization, here is a simple explanation to help clarify.
