Mortgages

Making sense of the Bank of Canada interest rate decision on September 4, 2024

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Ratehub.ca

News

Bank of Canada lowers interest rate again and may change pace of next cuts

The central bank’s third consecutive rate cut brings key interest rate down to 4.25%.

Mortgages

The best 5-year variable mortgage rates in Canada

Five-year variable-rate mortgages offer potential cost savings to buyers who can manage changes in market interest rates. Here’s how...

Retirement

How does a reverse mortgage work in Canada?

A reverse mortgage advances you funds from a house you own. Find out if this option is right for...

Mortgages

What is porting a mortgage in Canada—and when should you do it?

While there are many factors to consider, porting a mortgage makes the most sense when your existing mortgage rate...

Ask a Planner

Tax implications of adding a child’s name to your rental property

To fully understand the potential tax outcomes, consider legal versus beneficial ownership, the capital gains inclusion rate, changes to...

Mortgages

What happens if your mortgage renewal is denied?

Many home owners are experiencing “rate shock” upon renewal—and in some cases, getting turned away by their lender. Here’s...

Save

Why a reverse mortgage should be a last resort for most Canadian retirees

Reverse mortgages do the job of freeing up income for house-rich, cash-poor Canadian seniors. But their terms are often...

Real Estate

Open bidding in Ontario: Game-changer or business as usual?

An Ontario law came into effect last year, designed to add transparency to the home-bidding process. Has it changed...