Mortgages Financial News

18.09 / 11:43

economics Bloomberg UK Mortgages reports UK investors UK investors back a future Labour government - reports

Around two-thirds of City professionals would back Keir Starmer as the UK’s next prime minister | Credit: Keir Starmer, Twitter

26.09 / 23:53

interest rate Bank of Canada Canada housing market Mortgages Ottawa making financing cheaper for more builders to spur rental construction

The Liberal government’s latest plan to get more rental housing built is to expand a program that helps developers secure cheaper mortgage rates as higher interest costs affect the viability of new projects.

21.09 / 22:19

interest rate Bank of Canada Mortgages Variable mortgages cost Canadians tens of thousands amid high rates. Is the risk worth it?

A recent report by Rates.ca suggests variable rate mortgage holders have paid thousands more in interest since rate hikes by the Bank of Canada began.

31.08 / 23:21

RBC CIBC Bank of Canada Mortgages Mortgage stress looms over Canada’s big banks. What they — and consumers — can do

Canadian consumers are facing mounting financial pressure amid higher interest rates, and it’s something Canada’s biggest lenders are bracing for. But there are steps that borrowers — and the banks themselves — can take to soften the blow.

23.08 / 19:03

RBC Bank of Canada Canada economy Mortgages Millennials set to face most economic pain in months ahead, RBC says. Here’s why

Canadian millennials, particularly those who own a home, are set to face steep interest costs and economic damage in the months ahead, according to a new report from RBC.

11.07 / 08:13

inflation interest rate Bank of Canada Mortgages Rising interest rates worry 7 in 10 Canadians — and another hike could be coming

A growing number of Canadians are worried that interest rates are rising faster than they keep up, new polling suggests, just as many economists expect the Bank of Canada will deliver another rate hike this week.

08.07 / 19:47

interest rate Bank of Canada Mortgages Bank of Canada interest rate Stretching mortgage amortizations could cost you more than you think

Extending amortizations for Canadians struggling with mortgage payments is a common way for lenders to offer some relief amid higher interest rates — but experts and regulators are warning the strategy can come with unseen costs and risks for consumers.

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