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As Interest Rates Rise, So Does Canadians' Financial Anxiety

With another interest rate hike now on the books, the change has some Canadians uncertain about their financial future. The Bank of Canada recently announced an increase in its key interest rate from 1 to 1.25 per cent and, subsequently, most major banks have raised their prime lending rates 25 basis points as well to ... Continue Reading

What Millennials Really Think About Homeownership

Millennials have really captured the attention of those in the housing and mortgage loan industry. Everyone is trying to get inside the head of millennials to figure out when, why and how they plan to enter the housing market. It makes sense too, after all, millennials are at the age when people traditionally look to ... Continue Reading

Ontario Introduces Measures to Cool Hot Housing Market

Ontario Introduces Measures to Cool Hot Housing Market

The Government of Ontario is trying to cool the jets on a hot housing market. As reported by the Ontario government, the average house price in Toronto reached $916,567 in March 2017, which is up 33.2 per cent from last year. To put the entire situation in perspective, RBC Economics said housing affordability for the ... Continue Reading

What to Do Now That TD Canada Trust Has Hiked Its Mortgage Rate

Bank goes at it alone, raising their prime rate on variable mortgages. It will now take longer for TD Canada Trust customers to pay off their variable mortgages, after the bank raised its prime mortgage rate this week. TD hiked its rate from 2.7 per cent to 2.85 per cent: meaning the total cost of ... Continue Reading

Home Ownership Still the Dream...

Almost one third of millennials fear they'll never be able to afford a home of their own The vast majority of millennial Canadians want to own their own home despite major concerns over the costs, according to new surveys done by BMO and CIBC. BMO found 76 per cent of Canadians aged 19 to 35 ... Continue Reading