Bad Credit? Here is What You Need to Know About Getting a Mortgage
If you have bad credit, you know that you are in a tight spot - especially if you are looking for a mortgage. However, even with what often feels like…
Bank of Canada drops rate-hike talk
The Bank of Canada has abandoned 18 months of warnings that interest rates will one day have to rise, saying on Wednesday that a soft economy and persistently weak inflation…
Renewing and Renegotiating Your Mortgage
Overview When you bought your home, you probably signed a mortgage agreement that remains in effect for a certain period, called the term. When your mortgage term comes to an…
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and…
Housing market calming, Condo Report
Bank of Montreal economics published a Special Report last week on the Canadian housing market which seems to provide ample evidence that markets really are in the process of achieving…