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Welcome to Canada's Premier Mortgage Blog

January 19, 2011

Winter Mortgage Market Update (2011)

Today's post is my quarterly update on the state of the mortgage market. It highlights the challenges being faced in the U.S., China and the EU, and assesses the implications for the Canadian economy, and most importantly, our interest rates.
November 24, 2010

Open vs. Closed Mortgages: The Surprising Winner Is…

Home-equity lines-of-credit (HELOCs) and open variable-rate mortgages are tempting to borrowers because they can be paid off with no penalty. Are they worth it? Using current interest rates, today's post puts the numbers to the test and compares the cost of open- vs. closed-term financing solutions. As you will see, the results are both surprising and definitive.