What are Mortgage loan Insurance premiums?

Mortgage loan insurance premiums are calculated as a percentage of the loan and is based on

Bank of Montreal is Shaking Up The Mortgage Market Again!

Aggressively Cutting Its Five-Year Rate 

Is there a Potential Canadian Housing Bubble? A Concern For 7 In 10 Lenders: Report

Home equity loans and credit cards topped the list of areas of concern.

Canada Mortgage and Housing Corp (CMHC) Raising Mortgage Insurance Rates



The increase will add to the debt of homebuyers because the insurance premiums are typically rolled into their mortgage.

Nordstrom to replace Sears at Eaton Centre

The new three-storey Nordstrom store will cover about 213,000 sq. ft.,

The Secret the Banks Don't Want You to Know

Lending institutions protect themselves by securing the loan with the property that they are financing.

Debt row: What happens when you can never pay it off

Unless you default on a loan, chances are you will keep qualifying for more money. Just how long can you live on credit?

Five signs that you’re on debt row

If you alternate bills, you can sometimes keep your creditors at bay for a period of time. But this won’t last

Competition Tribunal Dismisses Case against TREB

Competition Tribunal announced that it has dismissed an Application initiated by the Commissioner of Competition against the Toronto Real Estate Board (TREB),

Ontarians take wait and see approach to housing as purchase

Ontario residents expect higher home prices, steady mortgage rates over the next year.

First-time buyers poised to stand tall even as Canadian home purchase intentions fall: RBC Poll

Cautious mood, less urgency among Canadian homebuyers, but majority still consider homeownership a good investment

Canada Household Debt Reaches Another Record High

Canadian households continue to get into deeper debt, but the most recent data also offers a bit of a respite  credit accumulation is slowing

The Money Trap: How Banks Lure You Into Debt

Canada holds the distinction of being the country with the highest rate of insolvencies in the western hemisphere through at least the first part of this decade

CMHC Introduces New Calculator and Mobile App for Homebuyers

CMHC is pleased to introduce two new tools to help Canadian homebuyers make informed and responsible homebuying decisions. CMHC's new Debt Service Calculator allows homebuyers to evaluate their financial situation and understand how much they can

TD Bank and RBC Royal Bank offering four-year special fixed rate mortgages

It did not take long for other major banks to follow suit, by Friday afternoon both TD Bank and RBC Royal Bank were offering four-year special fixed rate mortgages at 2.99 per cent. Both offers expire in February. Toronto-Dominion Bank offer is open until

BMO lower 5-year mortgage rate to record low

The Bank of Montreal has lowered its five-year fixed mortgage rate to a record low 2.99 per cent late Thursday the lowest posted rate from a major bank in Canadian history. The rate was decreased to 2.99 per cent Thursday, down half a point, but it does come

RBC raise mortgage rates following CIBC and TD Canada Trust

Following CIBC and TD Canada Trust announcements Monday, RBC Canada's largest bank increased the posted rate for a five-year closed mortgage by 0.25 percentage points to 5.44 per cent,  RBC also raised its special fixed rate offer for a five-year closed mortgage by 0.25 percentage points to 4.39 per cent. All the new rates come into effect on

TD Raised Fixed Term Mortgages

TD Canada Trust announced Monday they would be raising some of their fixed-term mortgage rates by as much as a quarter of a percentage point. The five-year fixed rate mortgage, a popular choice among

The federal government tightened mortgage restrictions to get a hold on Canada's runaway household debt.

Ottawa-Canada Finance Minister Jim Flaherty has moved on Monday to tighten up the mortgage rules for the second time in less than a year, the new rules are meant to tackle growing household debt in Canada.“We are seeing people borrow to the max,” he said. ” The new rules are to prevent the kind of housing market problems that led other countries into financial crisis

Canada’s six major banks,announced they would offer lower mortgage rates

Toronto- On Wednesday Canadian Imperial Bank of Commerce, National Bank of Canada and credit union giant Desjardins Group lowered residential mortgage rates to match day-earlier moves by Bank