Variable rates

The Central Bank announced Wednesday it is maintaining its target for the overnight rate at 1.75%, citing uncertainty around the energy and housing markets as reasons for standing pat. “The Bank of Canada’s interest rate announcement … Read More

Before granting you a mortgage, a lender will determine whether or not you can afford the loan amount you’ve requested.

In its latest monetary policy decision, Canada’s central bank announced Wednesday its benchmark interest rate will remain at 1.5%. The bank has gradually hiked its target overnight lending rate four times since mid-2017 – most recently … Read More

Flickr: daryl_mitchell For months, homebuyers and homeowners across the country have been wondering if and when rates, and subsequently payments, would go up for variable rate mortgage holders. Just yesterday, Finance Minister Jim Flaherty said that Canada … Read More

Flickr: uicdigital “Looking ahead to 2014 and 2015, we anticipate a further – albeit gradual – deterioration in affordability,” reads a recent TD Economics special report. You might be excused for spewing your coffee upon reading that. … Read More

I always listen to music while writing, as I find it allows ideas to flow more freely. Today, I’m listening to Lauren Hill’s Doo Wop, which is a cautionary tale, albeit about men, with no clear … Read More