That’s the takeaway from a national survey released this week by Rates.ca, which found half of Canadians aren’t aware of the mortgage options available to them. Not only that, but Canadians are lacking in some other basic mortgage trivia, with an astounding 9 out of 10 respondents not knowing that mortgage interest is charged semi-annually: 28% think
Mortgage shoppers have been treated to fixed rates near two-year lows for months now. They’re even below most variable rates. But how long can these fixed-rate bargains last? That’s the $64,000 question—and one that’s being raised with increased frequency after bond yields surged more than 30 basis points in less than a week earlier last
House prices may be as high as ever in many parts of the country, but Canadian homebuyers are being offered some of the lowest mortgage rates seen in years as lenders battle to drum up new business. Rates on a standard five-year fixed-rate mortgage have fallen to their lowest level in two years, according to rate comparison
