MoneyRus

Interest rates are hard to predict but important to understand. Here's some advice if you're in the market: https://rem.ax/ratehikes

This is how big Banks make billions of dollar profit

Big-Bank Mortgages Are Comfortable, Popular And The Worst Deal Around (Blog) Why do we stay with them? Complacency is a big reason. A lack of knowledge is another.

Worth pondering.

Real Canadian Mortgage Credit Growth Is Pointing To An Early 80s Style Meltdown | Better Dwelling Canadian mortgage credit growth is falling, but how bad is it in real terms? People are comparing today’s low growth numbers to the mid-1990s. While there are some parallels, it more accurately resembles the early 1980s. Mortgage credit growth, when adjusted for inflation, is heading towards negat...

MORTGAGES SET TO BECOME MORE EXPENSIVE

Both the Canadian and the US Bond Yields have been steadily going up for the past few months thus putting upward pressure on fixed rates. The prime rate is also expected to firm up in the month of October 2018. Another prime rate increase may be on the cards before the year ends.
The above will not only make the cost of carrying mortgages more expensive but also make the stress test more stringent. Therefore, if you are planning to purchase your home in near future, it would be a good idea to lock in the fixed rate now. Or if you are planning to tap home equity for whatever reason, this is the time to refinance.