The global viral crisis is proving incredibly fluid. Traders have suddenly and drastically altered their expectations of how the Bank of Canada will react to this exploding economic threat. At...

For the first time on record, a non-promotional reverse mortgage rate is below a standard HELOC rate. EQ Bank, one of only two Canadian lenders offering reverse mortgages, announced a...

It’s a fact; little better than 1 in 4 Canadians have any idea what amortization means, according to a recently-released Ipsos survey. Surprisingly, “…Less than 1% of respondents gave a...

Central banks around the world have been cutting rates. But, so far, the Bank of Canada has avoided joining that club. One of its worries is that lower interest rates...

Any creditworthy mortgage shopper is practically guaranteed to get a better rate today than they could have at the start of the year. Fixed mortgage rates have been on a...

Interested in a rock-bottom rate you see online? You better understand its stipulations. Mortgage rates aren’t as straightforward as people think. The competitiveness of your mortgage rate is heavily influenced...

Canada’s banking giants have invested massively in branches and mortgage salesforces. But now mortgages are moving online, and that creates both opportunity and conflict for the Big 6. “Canadians are...

Apart from the interest rate, probably the biggest complaint among reverse mortgage borrowers is that they can’t get enough money. That’s now changing thanks to the launch of “CHIP Max”...

So many young people want to build home equity and get out from under their landlord’s thumb. But they can’t. They don’t have the down payment to qualify for a...

When a prospective homebuyer finds out they don’t need to pay for the services of a mortgage broker, their first thought is often: “What’s the catch?” Like many financial advisers,...