Canadian Mortgage Rates Are Moving Higher. Why?

Fixed Rate Mortgages have increased from their lows of 2.49% to their current level at 2.79%. Variable Rate Mortgages were recently being offered at rates as low as 1.85% or Prime (2.70%) minus 0.85%. Now customers are lucky to find them at 2.2% or Prime (2.70%) minus 0.50%. We managed to signal to our clients… Continue reading Canadian Mortgage Rates Are Moving Higher. Why?

Marcus Discusses Canadian Mortgage Debt

Did you catch CBC’s The National discussing increasing Canadian mortgage debt with MorCan Direct last night? Canadian real estate owners have found themselves in an enviable position over the past 10 to 15 years. Our property values continue to increase and, with few exceptions, the cost to borrow continues to decrease. In 2015 alone, we… Continue reading Marcus Discusses Canadian Mortgage Debt