Canada Mortgage
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Interest rates expected to stay higher for longer. What that means for your mortgageBorrowers with fixed rates are expected to see an average payment increase of between 14% and 25% next year compared with early 2022 costs, according to the Bank of CanadaConsumerOct 2, 2023
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Canadians turning to credit unions for mortgages as interest rates jumpThis is the first time at least since the COVID-19 pandemic began that credit unions' quarter-on-quarter mortgage growth outpaced the big banks.CanadaSep 7, 2022
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Coronavirus: Q1 non mortgage debt falls for first time in over a decade, Equifax saysEquifax says the average non-mortgage debt in Canada fell to $23,386.CanadaJun 16, 2020
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Bank of Canada lowers rate used in mortgage stress test, making it easier to qualifyThe central bank's five-year benchmark qualifying rate is now 5.19 per cent, down from 5.34 per cent.CanadaJul 19, 2019
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Canadians scrambling to pay off debt as interest rates rise: pollA growing number of Canadians are worried rising interest rates could impact their ability to repay their debts, according to a new poll.ConsumerApr 16, 2018
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The deal hunter’s guide to getting the lowest mortgage rateThere are three ways to go about it, each with its pros and cons, say experts.MoneyMar 15, 2018
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3 tips that could save you thousands on your mortgage, as interest rates riseAdvice from the man who 'burned' his 250K mortgage in just three years.MoneyOct 15, 2017
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Home Capital stock rebounds after mortgage lender secures $2B credit lineHome Capital lost more than half its value on Wednesday after it warned it would miss financial targets and was seeking the credit line to offset withdrawals from savings accounts at its Home Trust subsidiary.MoneyApr 27, 2017
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CMHC moves to raise mortgage premiums — but not by muchThe country’s government-backed national housing insurer is bumping up the cost of mandatory insurance on new home loans.CanadaFeb 28, 2014
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