Alberta Households Are Most Vulnerable to Higher Rates, RBC Says – That compares with C$174,000 in British Columbia and C$154,000 in Ontario. Other provinces are “well below” the national average debt load of C$141,000. In addition, Albertans may feel the impact of.
With low mortgage rates, can you afford to buy? – The only reason some properties seem affordable right now is because of those record low rates. If the mortgage rates go back up in five years — and you have to refinance that mortgage — those home.
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Canada’s reverse mortgage market sees explosive growth – Earlier this month, Equitable Bank decided it wanted a piece of the action, launching its Path Home Plan for consumers in British Columbia. trends – have vastly different rates of success? Canada’s.
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Rates are up, prices down. How tough is the mortgage. – A lot has happened since Ottawa rolled out the mortgage stress test. The idea was to help ensure that Canadians could keep up with their mortgage payments even with rising interest rates.
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BRIEF-Partners REIT announces $11.9 mln mortgage refinancing at a British Columbia Property – British Columbia * Partners Real Estate Investment Trust Says mortgage has a five year term, a 25-year amortization period, and an interest rate of 2.85% * Maturing mortgage carried an interest rate.
Canadian Housing Starts Fall to Lowest in Almost Two Years – Canada’s housing market has slowed this year, hindered by rising mortgage rates and tougher qualification rules. according to a separate Bloomberg survey of economists. British Columbia saw the.