Tangerine Bank, a subsidiary of Scotiabank, is a popular online-only bank in Canada known for its competitive rates and straightforward banking products. When it comes to mortgages, understanding the current rates offered by Tangerine is crucial for potential homebuyers and…
Mortgage refinancing is a crucial topic for Canadian homeowners looking to save money, access their home equity, or change their mortgage terms. As we move into 2024, it’s essential to stay informed about the latest trends and rates in the…
Getting a mortgage is one of the most significant financial decisions you’ll make in your life, especially in British Columbia, where housing prices are among the highest in Canada. Whether you’re a first-time home buyer, a self-employed individual, or looking…
Getting a mortgage is one of the most significant financial decisions you’ll make in your life. For many Ontarians, buying a home is a dream come true, but navigating the mortgage process can be overwhelming. This comprehensive guide will walk…
Low GDP Suggests Lower Interest Rates? Canada’s economy has been facing challenges in recent months, with the latest GDP data falling short of expectations. This sluggish growth has raised concerns among economists and market watchers, as it may lead to…
Introduction The dream of homeownership is increasingly out of reach for many young Canadians, faced with soaring house prices and stringent mortgage requirements. In response, the federal government has introduced several measures in the 2024 budget to support first-time home…
April 2024 Mortgage Rates As we enter April 2024, many Canadians are eager to understand the current state of mortgage rates and how they may impact their homebuying or refinancing decisions. In this comprehensive article, we’ll explore the latest mortgage…
Mortgage Type Predicted Range Q1 2024 Q2 2024 Q3 2024 Q4 2024 1-Year Fixed 3.49% – 4.49% 3.99% 3.74% 3.49% 3.49% 2-Year Fixed 3.74% – 4.74% 4.24% 3.99% 3.74% 3.74% 3-Year Fixed 3.99% – 4.99% 4.49% 4.24% 3.99% 3.99% 4-Year…
Analyzing the Impact of Canada’s 2024 Federal Budget on Housing Measure Description Impact Increase in RRSP Withdrawal Limit The RRSP Home Buyers’ Plan withdrawal limit is increased from $35,000 to $60,000. Provides greater financial flexibility for first-time home buyers to…
Private Mortgage Lenders Overview The landscape of mortgage lending in Canada has evolved with the rise of alternative financing options. Private mortgage lenders have become a significant part of this evolution, offering solutions that cater to a diverse range of…
