Mortgage Rate

Interest-only mortgages aren’t common, but they do exist in Canada. But what is an interest-only mortgage, and are they a good or bad idea?

If you’ve been following the news lately, you’ve likely heard about a new mortgage rule that’s expected to make it harder to qualify for a mortgage this year. And while that may be the case, there … Read More

From mortgage math to medical marijuana grow-ops, February finance news was equal parts informative and bizarre — we definitely have a lot to think about. Capping off the month was the Bank of Canada’s interest rate announcement, … Read More

This morning, Bank of Canada (BoC) Governor, Stephen Poloz, announced its overnight lending rate would remain at 1.00% for yet another six weeks. While this announcement does not come as a surprise, it does allow variable … Read More

Flickr: nerdcoregirl Two of the biggest decisions you’ll need to make regarding your mortgage financing are which mortgage rate type and mortgage term you want. Would you prefer a fixed or variable mortgage rate? And how long do you want to commit … Read More

Flickr: D68 design+art With today’s record breaking housing prices, homebuyers are taking out larger mortgages than ever before. With larger mortgages comes higher mortgage payment amounts and added interest costs, so the incentive to save money … Read More