GREATER TORONTO – Aspiring homeowners looking to pay less than 20 per cent down may want to consider finishing their purchase before March 17, when the Canada Mortgage and Housing Corporation will put into effect a slight premium increase affecting all new mortgages protected by the insurer. Effective immediately on that date, owners who purchase […]
First-Time Buyers Driving Property Markets: CAAMP
TORONTO – A new survey-based report, issued by the Canadian Association of Accredited Mortgage Professionals, has revealed new insights on the decision-making process, as well as financial parameters, of home buyers across the country. Completed in June 2015, A Profile of Home Buying in Canada was based on a survey of more than 800 Canadians, […]
BoC’s Key Interest Cut Spurs Banks to Lower Prime Rates
EDITOR’S NOTE: This article, originally published on January 27th, was updated on January 28th to reflect new developments in this ongoing story. TORONTO – For Canadian home buyers and mortgage holders, the Bank of Canada’s move to lower the key overnight interest rate on January 21 most likely came as a surprise – and led many […]