Lowest Mortgage Rates

Making the News

• Real estate recovery expected to be tepid
  Jul 02, 2009 — he worst of Canada's housing market woes appear to be past but the sector's rebound will be tenuous as a rise in mortgage rates and high unemployment limit the recovery in prices and sales. Property experts say first-time buyers and Bank of Canada rate cuts have helped restore stability to a market that slumped from late 2008 to early this year, when the worst leg of the global financial crisis battered consumer confidence.
  
• Genworth rolls out $850-million IPO
  Jun 30, 2009 — One of the largest IPOs seen this decade is ready to roll, as Genworth MI Canada sets the terms on an $850-million debut. Genworth, the domestic arm of a U.S. mortgage insurer, will sell 44.7 million shares at $19 each, with underwriters holding an option to sell an additional $127-million of stock.
  
• Don't believe the housing hype
  Jun 26, 2009 — Judging by the latest real estate data, the Canadian housing market could scarcely be better. Average home prices are up more than 16 per cent this year, and in May they hit an all-time monthly high, according to the Canadian Real Estate Association. By those numbers, Canada didn't just sidestep the housing market crash that continues to plague the United States, it sailed right through it virtually unscathed. And yet, there are plenty of signs that the Canadian housing market is still sitting on some very shaky ground-and even the potential that Canada's big housing crash is yet to come.
  
• Get fiscal before you wed
  Jun 26, 2009 — The economic recession is convincing more newlyweds to discuss financial compatibility before they walk down the aisle in a bid to avoid a leading cause of discord and divorce, say financial advisers.