Tag Archives: Lee Welbanks

Best Mortgage Rates in Canada Sept 19th

1 yr – 2.74%  3 Yr – 2.64%  5 Yr – 2.89%  VRM – 2.65% There have been a couple of highlights for the Canadian housing market in the past week: the U.S. Federal Reserve...

Best Mortgage Rates Sept 13th, 2012 & Some HELOC Changes.

1 Yr – 2.74 - 3 Yr – 2.64 - 5 Yr – 2.89 - VRM 2.65% The new guidelines (B-20) announced by the Office of the Superintendent of Financial Institutions (OSFI) kick in at the end...

Best Mortgage Rates August 8 2012: Bye bye sub 3%?

It’s a quiet week for economic news, coming off a long weekend.  The unemployment report is out on Friday, but that’s the only real noteworthy item this week. What will be making...

Fixed or Variable Mortgage? All the Rates look good!

We’ve had some interesting data recently that has some Canadians wearing smug looks. The most gratifying is the hotly-debated report from Environics which indicates Canadians are...

Bank of Canada says goodbye to the 30yr Amortization

Say goodbye to the 30yr amortization. The Bank of Canada in a surprise announcement on Wednesday June 20th tightened its belt once again by axing the 30yr amortization and capping...

Mortgage Minute for June 14, 2012

The latest interest rate announcement and policy statement from the Bank of Canada make it pretty clear there’s unlikely to be any increase this year (great news for you variable...

Mortgage Minute for June 7, 2012

The Bank of Canada did what everyone expected this week and left the overnight rate unchanged at 1%.  This marks the 14th straight month with no change in prime. For those with...

Midweek Mortgage Minute for May 30th, 2012

Another voice has chimed-in on the state of Canada’s residential housing market. DBRS triggered a lot of chatter with a report that makes the assertion that most Canadian...

Mortgage Minute for May 10, 2012

Another quiet week but some housing numbers came out higher.  Most analysts expect those numbers to ease so they aren’t giving much attention to the results at this point. The...

Mortgage Minute for May 2nd, 2012

Last Friday Finance Minister Jim Flaherty had suggested Canada Mortgage and Housing Corporation could be pulled out the mortgage insurance business. No timetable was offered, but said...