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Finance

Five-year fixed rates to drop to 2.77%, then hold steady: BCREA

Five-year fixed rates to drop to 2.77%, then hold steady: BCREA

Canadian mortgage rates are still falling, but will then level off for at least a year, predicts association
Five worst mistakes when financing commercial real estate

Five worst mistakes when financing commercial real estate

Environmental clean-up, detailed appraisals, lack of information and high closing costs can disrupt the transaction
One in five Millennial home buyers commits mortgage fraud: survey

One in five Millennial home buyers commits mortgage fraud: survey

Nearly 20 per cent of young buyers inflate income on mortgage application, and nearly a quarter of Millennials think that’s OK, finds Equifax
Bank of Canada lowers benchmark qualifying mortgage rate

Bank of Canada lowers benchmark qualifying mortgage rate

Mortgage applicants can now qualify for a slightly higher priced home under stress test
The sub-3% five-year fixed mortgage is back – for now: BCREA forecast

The sub-3% five-year fixed mortgage is back – for now: BCREA forecast

Lower bond yields have brought the typical five-year fixed down to 2.99 per cent – but not for long
First-Time Home Buyer Incentive to launch in September: CMHC

First-Time Home Buyer Incentive to launch in September: CMHC

Federal government also launching alternative shared-equity mortgage funding scheme
Beware of real estate investment schemes promising tax write-offs, warns CRA

Beware of real estate investment schemes promising tax write-offs, warns CRA

Fraudulent schemes lure investors with false promise of huge tax write-offs – and those who invest could face prosecution
Most Canadians don’t understand mortgage stress test: TD poll

Most Canadians don’t understand mortgage stress test: TD poll

Survey released as TD economists tell clients that the government should consider relaxing mortgage qualification rules
Fixed mortgage rates to drop this year: forecast

Fixed mortgage rates to drop this year: forecast

Variable rates to hold steady but fixed rate mortgages likely to drop, according to B.C. Real Estate Association

Feds’ mortgage policies ‘deny homeownership’ to young Canadians: report

Measures such as mortgage stress test are “at cross purposes” with federal promises to support the middle class, asserts Mortgage Professionals of Canada