February 18, 2020
The terms and conditions in your mortgage contract can have a surprisingly significant impact on your overall borrowing cost. My link in today's post provides a detailed example.
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Welcome to Canada's Premier Mortgage Blog
February 10, 2020
Last week TD Bank lowered its posted five-year rate to 4.99%. TD’s move by itself isn’t enough to drop the stress-test rate. Other Big Six banks will need to follow. That’s where this gets interesting.
February 3, 2020
Contagion fears are stoking demand for safe-haven assets, such as sovereign bonds, putting downward pressure on their yields, and by association, the fixed mortgage rates that are priced on them.
January 27, 2020
The Bank of Canada offered a decidedly more cautious outlook last week. Government of Canada bond yields fell in response and five-year fixed rates started dropping shortly thereafter.
January 13, 2020
In today’s post I offer my predictions of where our fixed and variable mortgage rates are headed in 2020.
December 16, 2019
Last week Prime Minister Trudeau asked Finance Minister Morneau to review the mortgage stress test. Here are my thoughts on two tweaks he should recommend.
December 9, 2019
The Bank of Canada didn't raise rates last week and it sounded surprisingly optimistic about our economy's prospects. Today's post offers my take.
December 2, 2019
Last week's GDP data came in lower than the Bank of Canada expected but I don't think that will cause the Bank to cut its policy rate when it meets this week.