Home buyers warned that mortgage rates are on a steady climb, though interest rates aren’t expected to soar through the roof. Reality is starting to sink in when it comes to mortgage rates: Watch out they’re creeping up. Beginning last month, the big banks began raising their interest rates on fixed-term mortgages…
Read More Hamilton has led the way in Canada in home price increases in the past year, shows a new report from BMO. Canadian housing prices stayed relatively balanced over the last year but Hamilton, Winnipeg and Regina bucked that trend, shows this year’s BMO Home Buying Report. “By and large, prices are holding up,”…
Read More Owning a house became slightly more affordable in Canada during the second half of 2012, but that’s mostly due to rock-bottom mortgage rates, RBC Economics says in a report to be released Monday. The sharp drop in house sales that occurred during the final six months of the year led to some small month-over-month…
Read More Finance Minister Jim Flaherty is issuing a warning to the country’s banks, as stiff competition for mortgage customers is prompting lenders to cut rates heading into the key spring home-buying season. “My expectation is that banks will engage in prudent lending – not the type of ‘race to the bottom’ practices that led to…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.
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