interest rate

Are Mortgage Lenders Failing Canadians?

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Sixty-nine per cent of B.C. homeowners believe that ‘mortgage rates will be higher in one year’s time’, and ninety-nine per cent agree that ‘homebuyers need to think ahead and be sure that if rates rise they will still be able to pay their mortgage,’ according to the 17th Annual RBC Homeownership Survey, conducted by Ipsos … Read more

What will record low interest rates mean for home buyers?

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Following the latest Bank of Canada’s overnight rate cut from 1.50% to 1.00%, Canada’s banks have cut their prime lending rates by a half-point to a record low of three per cent, and reduced some fixed and floating-rate mortgages. The answer home buyers’ will be seeking surrounding this all-time low interest rate, will be how … Read more

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