Articles by RateBoutique!

Taking advantage of purchasing a property at historically low mortgage rates? Pros and cons!

The mortgage industry in Canada is at an all time low. What does that mean for Canadians? We have now seen mortgage rates at a historically low level. In fact so low, that all terms 5 years and less are under the 3% level. Wow, if this isn't a motivator to buy than what is? [...]
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Interest rates… A driving factor in home sales?

In Quebec, home sales have been on the rise since 1999. The driving factor? There have been various driving factors! When home sales started increasing, so did the sale prices. Fears of Quebec separating was finally over, which increased demand, which in turn increased sales, which then increased sale prices. Since fears of referendum and [...]
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History of the mortgage rate since the 2008 market crash

It was the year 2007 and the Canadian economy was robust and flourishing. The American economy was robust and flourishing. At least they were thought to be... In 2007, interest rates were at what was considered to be a very reasonable level. 5 year fixed mortgage rates were at around 5.5-6%. In comparison to 20 [...]
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Where do interest rates go from here?

As the 2013 year winds down to an end, many people are wondering what's in store for the upcoming year? Will mortgage rates continue to remain low? The fact is that 2013 has been the most volatile year since the economy crashed. Within the span of a month we saw mortgage rates at the lowest [...]
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CMHC mortgage cap… Increase in mortgage rates?

CMHC mortgage cap... Increase in mortgage rates? The mortgage rate market has been at an all time low for quite some time. This has caused a huge increase in consumers buying power, which in turn has driven up real estate sales across Canada. It is for this reason that CMHC has recently put a cap [...]
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CMHC adjusts mortgage lending rules

In an effort to try and ease the real estate market, which has turned into a runaway train, CMHC has come out with new lending guidelines as of today. These changes include a lower amortization period which will now be max 25 years instead of 30 (on all insured deals). The maximum loan to value [...]
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