Agent Will

If you’re are now the envious holder of a variable rate mortgage that was granted to you recently at something like prime minus x% (best I saw was Prime-0.90%) then you are just swimming in joy as you saw your mortgage payments drop today as the BOC cut prime to 4.25%.  Further rate cuts may […]

As expected by many the Bank of Canada has cut its rate by 0.5% to 3%.  What does this mean for housing?
Well, if you are currently on a variable rate, congratulations!   Your monthly payment will be lower if your bank follows suit (expected sometime soon as they generally do follow the BOC’s lead relatively […]

TD CanadaTrust has been advertising pretty heavily on the radio (I’m in my car a lot) about their “great” new product - the 7% cash back mortgage. They make it sound so tempting. The pitch: Get a mortgage with TDCT and get 7% cash back up to $50,000 which you could […]

Well this is bigger than I thought they would go.  Then again we are a big country with some pretty big needs in the East (the manufacturing centre of Canada).  The BOC has cut rates by half a point.  A further cut is possible in April and another in June, though, with this big an […]

Found a great site I’d like to share with you all. History of Mortgage Rates in Canada by Canequity
It has a terrific graph of mortgage rates and really shows how you could have benefited from the (no longer) disparity between 1 year terms and 5 year terms. Rates may be up since the […]