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By Julian Beltrame, The Canadian Press OTTAWA - Borrowing costs for consumers and businesses are slated to start rising moderately after the Bank of Canada moved off its ultra-stimulative monetary policy Tuesday, hiking its trendsetting interest rate
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by Andrew Pyle, for Yahoo! Canada Finance Thursday, May 13, 2010 Now that Europe appears to have bought itself some time from those vicious currency and bond speculators (and what a price tag, at a cool trillion dollars), individuals are also feeling
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Sat Apr 3, 11:17 AM Derek Scott, The Canadian Press By Derek Scott, The Canadian Press VANCOUVER, B.C. - Buying a house in the hot housing markets of Vancouver, Toronto and other major cities in recent years has been a possible dream for some first-time
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By Derek Scott, The Canadian Press VANCOUVER, B.C. - The same things that are squeezing first-time homebuyers these days are creating a boom for mortgage brokers. With interest rates climbing and new rules that crack down on who qualifies for a mortgage,
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Mon Mar 29, 5:27 PM Sunny Freeman, The Canadian Press Enlarge Photo (The Canadian Press) By Sunny Freeman, The Canadian Press TORONTO - Rising mortgage rates announced Monday signal the end of historically low home borrowing costs and present Canadian
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Finance Minister Jim Flaherty announced new rules Tuesday aimed at preventing homebuyers from getting into financial difficulty when mortgage rates rise. After consulting with major Canadian lenders, Flaherty outlined the latest weapons at Ottawa's
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Thu Jan 21, 5:31 PM By Louise Egan OTTAWA (Reuters) - Canada's economy is on track to recover this year and the outlook has improved since October, the Bank of Canada said on Thursday, while giving few hints on how soon it will start raising record-low
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Mon Dec 21, 11:24 AM OTTAWA (Reuters) - Canada may require people taking out mortgages to come up with a larger downpayment if it looks like indebtedness is getting too high, Finance Minister Jim Flaherty said in a interview released late on Sunday. Flaherty's
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OTTAWA (Reuters) - Sales of existing homes in Canada jumped 31.5 percent in the second quarter from the first and saw their first year-over-year quarterly increase since before the peak of the financial crisis, the Canadian Real Estate Association said
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The Home Buyers’ Plan (HBP) allows first-time home buyers to withdraw amounts from a Registered Retirement Savings Plan (RRSP) to purchase or build a home without having to pay tax on the withdrawal. Budget 2009 proposes to increase the HBP withdrawal
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By Brenda Bouw, The Canadian Press VANCOUVER, B.C. - Record low interest rates are spurring more Canadians to refinance mortgages to consolidate debt, a trend that is expected to grow as Ottawa moves to loosen lending conditions and encourage spending
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The government has earmarked $15 million to nudge Canadians with RRSPs into buying homes. Now you can withdraw $25,000 tax free from your RRSP to buy or build a first home - up from $20,000. The Home Buyers’ Plan (HBP) The Home Buyers' Plan
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by Tobi Cohen, THE CANADIAN PRESS Thursday, January 22, 2009 MONTREAL - Homebuyers are being urged to read the fine print and to recognize the potential consequences of tying their mortgage to a grossly inflated secure line of credit - an increasingly
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These rates reflect market conditions at the time the survey was conducted and cannot be construed as an offer by that company. It is our experience that the major banks in Canada will offer consumers with reasonable crdit scores discounts of 1.2 - 1.3%
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Long Term Mortgage Rates Institution Updated 6-yr 7-yr 10-yr ATB Financial 21 JAN 7.20 Bank of Montreal 21 JAN 7.00 7.15 Bank of Nova Scotia 21 JAN 7.00 CIBC 21 JAN 7.00 7.30 Citizens Bank 21 JAN 6.90 Concentra Financial 21 JAN 7.20 7.35 First National
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