The rates that used to run between 5 and 10 percent, however, now they are ludicrously low, simply to keep everything stimulated. One day these rates will rise, and what will that do?
Recently we have had two different lenders come up with “cut-rate” Mortgage (BMO and Manulife) “deals” and both have now withdrawn those “deals” after urging from the Government (specifically the Department of Finance (and in… Read More »The Free Market and Mortgages (in Canada)
The CBC had an interesting article on how Canada is Tiptoeing Towards a Subprime debacle similar to the United States (but not exactly the same). I was skeptical, but I was also unaware that there… Read More »Stupid Mortgages in Canada
Would you rather have a cheaper mortgage rate or free banking? This is an interesting quandary, but a cheaper mortgage rate seems to be a better choice.
Raising interest rates and introducing tighter rules for Mortgages in 2011 really slowed down the Real Estate world? No, they didn’t, interest rates dropped again, and the charlatans simply found other ways to get around the rules.
Discover the scope of the mortgage industry in Canada. Learn about the $1 trillion mortgage debt and its impact on homeowners.
