Mortgage Debt Grew, Fast
Mortgage Debt Grew at Fastest Pace in a Decade: CMHC Canada’s mortgage market grew at its fastest pace in over 10 years in the first half of 2021, according to…
Variable rates vs fixed rates
Variable rates vs fixed rates – which will prevail in Canada? The central bank’s record-low benchmark overnight rate is a major factor in accelerated demand In the current climate, new…
Court Refuses Mortgage Penalty
Canada: Court Refuses To Enforce Mortgage Prepayment Penalty Many Canadian mortgages have a prepayment term that imposes a penalty if the mortgage advance is repaid by the borrower before the maturity…