Posts tagged ‘mortgage advice’

  • 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.

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  • 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.

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  • The Best Mortgage Product No One is Talking About

    Last Updated on December 14th, 2018

    Conservative borrowers who prefer fixed rates almost always choose a five-year term. In today’s environment, I think there’s a much better deal to be had, even if no one is talking about it. In today’s post, I make my case.

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  • The Mortgage Qualifying Rate (MQR)

    Last Updated on November 9th, 2017

    Borrowers are often surprised to learn that qualifying for a variable-rate mortgage is harder than qualifying for a fixed-rate mortgage, even though the variable rate is lower. To find out why, check out today’s post.

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  • How to Get the Lowest Interest Rate

    Last Updated on December 12th, 2018

    A newly released report by the Bank of Canada called “Discounting in Mortgage Markets” gives us some very useful insights into how much lenders are discounting their mortgage rates and for whom. Today’s post summarizes the report and offers my interpretation of the results.

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  • Mortgage Advice for Couples Planning a Divorce

    Last Updated on September 18th, 2018

    For anyone planning a divorce, today’s post can help save money and reduce hassle during this difficult time. I offer some general tips and give specific guidance for people who are looking to buy out their ex-spouse’s share of the matrimonial home.

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  • Mortgages for New Canadian Immigrants

    Last Updated on December 11th, 2018

    If you or someone you know is a new immigrant to Canada, you may be surprised at the attractive mortgage options that are available at competitive market rates. To learn more, check out today’s post.

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  • Winter Mortgage Market Update (2011)

    Last Updated on November 9th, 2017

    Today’s post is my quarterly update on the state of the mortgage market. It highlights the challenges being faced in the U.S., China and the EU, and assesses the implications for the Canadian economy, and most importantly, our interest rates.

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