Found 3 blog entries tagged as Mortgage Rates.

Brace For Even Higher Rates When The Bank of Canada Does Start Raising

Interest rates expected to climb above the previous peak for the first time in decades amid robust recovery

TORONTO — With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada’s next tightening cycle, expected to begin in 2022, will result in interest rates climbing above the previous peak for the first time in decades.

In four major tightening cycles since the early 1990s, the Bank of Canada’s key interest rate has peaked at a level that was lower than the preceding endpoint.

But that could change in the next cycle, as historic levels of government spending globally raise prospects of an economic recovery from the COVID-19…

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Things To Do To Ruin Your Chances of Getting a Mortgage


A mortgage is a really big deal. When applying for a mortgage, a lender will look at all aspects of your credit history and employment to see if you are able to handle a large debt such as a house.


However, there are some things that will definitely ruin your chances of getting a mortgage if you are not fully aware, and sometimes it may be something that seems so simple but will make a huge impact on your home buying ability.

The following is list of things that can affect your chances of getting a mortgage:

Not having enough saved for a down payment: Always plan ahead. Make sure that you have put enough money aside so that you can make a sufficient down payment. Even if you…

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At Least Mortgage Rates Are Low - Historical Data


ATB Economics

May 13, 2020

 
 
 
At least mortgage rates are low ...
 

It can be tough to afford a home at the best of times, but with unemployment up and hours worked down, the dream of owning a home is likely more distant for many Canadians now than it was before the pandemic. 

 

And while not every homeowner or renter is in the same boat, the current economic turmoil combined with a recovery period that looks like it will be long rather than short will stretch the finances of many households.

 

A…

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