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Mortgage Rates to Remain Historically Low

A combination of a strong Canadian dollar vis-à-vis the U.S. dollar and modest GDP growth will help keep Canadian interest and mortgage rates low over the remainder of this year and in 2008. One, three and five-year posted mortgage rates are forecast...( Read More...

Most Intending to Buy a Home in 2007 are First-Time Home Buyers

According to CMHC’s newly released Renovation and Home Purchase Report - Major Market Highlights, a large share of intenders will be first time buyers. Close to half (48 per cent) of purchase intenders will be first time buyers with the majority...( Read More...