We received surprising data last week from Revenue Canada on participation in the Home Buyer’s Plan (HBP). That’s the program... Read More
Here’s a few helpful resources for those who like to follow mortgage-related yields… 5-year bond yields: TSX Money 30-day bankers... Read More
There’s more to a credit report than a score. You can have good income and a 700 credit score (which... Read More
Deeply-discounted variable rates have historically beat out 5-year fixed rates roughly 77% of the time.* But CIBC economist Benjamin Tal... Read More
On Thursday, Amanda Lang—co-host of The Lang and O’Leary Exchange—made a comment worth exploring. While talking with Kevin O’Leary about... Read More
Ever since the credit crisis, there’s been an ongoing clampdown on mortgage risk. Nowhere is that more evident than with... Read More
CMT’s Mortgage Term Review has been freshly updated. Some of the notable points: At the moment, 2- and 4-year fixed... Read More
If you want a HELOC or readvanceable mortgage equalling 66%-80% of your home value, be ready to act soon. We’re... Read More
Banks are improving their disclosures on the drawbacks of collateral charge mortgages. Effective January 31, 2015, the Department of Finance... Read More
A meagre 1 in 4 borrowers made extra principal payments on their mortgage last year. That small percentage could be... Read More