Found 2 blog entries tagged as canada mortgage.

best mortgage rate in Canada

When you purchase a home, a down payment is typically applied to the purchase price, and the balance is to be paid off over your term of the mortgage. The loan you receive from a lender in order to pay for the house is called a mortgage.

Simply put, a mortgage is a legal and binding agreement between a lender and a borrower for a specific amount of money that must be paid back within a predefined amount of time. The mortgage is a secured loan in that the house you are buying is collateral for the loan. This means that, should you not meet your mortgage repayment obligations, the lender has the right to take the property.

Purchasing a home and taking on a mortgage is a big commitment. In addition to the amount borrowed,…

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Canadian bond yields are soaring, but the central bank isn’t expected to raise rates. At least not yet, according to an analysis from BMO Capital Markets. Government of Canada (GoC) bond yields showed a multi-year high for annual growth in 2021. This means rising market expectations of the overnight rate climbing in the near-term. Despite soaring yields, BMO doesn’t see the Bank of Canada (BoC) raising rates in January. Public health measures make that unlikely, but they still do see an early hike.

Canadian Bond Yields Are Rising At A Multi-Year Record Pace

The GoC 5-year bond climbed at one of the fastest rates ever last year. The yield ended 2021 at 1.264%, up 86.5 basis points (bps) from a year before. It was the biggest…

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