Canada’s real estate market is now expected to grow this year rather than decline, as buyers take advantage of continued low interest rates that are intended to offset recent economic turmoil, economists said Tuesday. The comments came after the Canadian Real Estate Association revised its 2011 national forecast for home resales, citing stronger than expected [...]
Several of Canada’s big banks are raising most of their fixed-term mortgage rates ahead of the busy spring real estate market. TD Canada Trust (TSX:TD) TD said the biggest increases will be for mortgages with terms of five to 10 years, which will all go up by 0.35 percentage points starting Tuesday. The move was [...]
Three more Canadian lenders say they will lower some of their fixed rate mortgages as nervous investors move to bonds, causing a drop in long-term interest rates. TD Bank (TSX:TD), National Bank (TSX:NA) and Desjardins Group said Wednesday that their fixed five-year closed rates will drop 0.1 of a point to 5.34 per cent, effective [...]
A new report predicts that Canada’s housing market is poised for a collapse and is only waiting for the trigger of rising interest rates expected for later this year — a view that flies in the face of many other forecasts. Capital Economics calculates Canadian home prices could fall by about 25 per cent — [...]
What is the right choice for you? It can be confusing especially in an environment where fixed rates are still at a record all time low and Prime Rates are on the rise. The media creates a frenzy with every movement in Prime, we know it’s going to increase, and we know the Government has to [...]
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