Government Reduces Minimum Down Payment on Property Purchases
Canada’s major banks are applauding a new piece of federal legislation, which will lower the minimum down payment on home mortgages.
Mortgages
Home Equity Loans Remain Popular with Borrowers
Despite the recent increase in mortgage rates, loans backed by the equity in one’s home are still one of the cheapest ways to borrow money.
Bond Market Inflation Pushes Short Term Mortgage Rates Up
The interest rates on short-term mortgages in Canada have jumped another fifth of a percentage point, due to inflationary pressures pushing up rates in the bond market.
Scotiabank to Buy Mortgage Business From Maple Financial Group
Canada’s second largest financial institution, the Bank of Nova Scotia, is planning to purchase the mortgage business of Toronto-based Maple Financial Group Inc., bank executives revealed yesterday.
Mortgage Insurance: Is it a Good Deal?
When getting a mortgage on a new home, one decision that you’ll likely need to face is whether or not to purchase the accompanying insurance policy.