mortgage payments Archives - Mortgage Rates & Mortgage Broker News in Canada

Mortgage payments: Understanding timing and avoiding confusion

June 26, 2024 No Comments

Mortgage payments can sometimes be a tricky topic for some homeowners, leading to confusion about when payments are due and what time period they cover.

More Canadians only making minimum payment on credit cards: TransUnion

May 28, 2024 No Comments

An increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household budgets.

Even with expected rate cuts, mortgage payments will continue to rise for years: BoC research

January 9, 2024 1 Comment

Despite anticipated Bank of Canada interest rate cuts later this year, mortgage borrowers will continue to face higher debt-servicing costs for several years.

Most mortgage borrowers to see payments rise 34% to 54% vs. early 2022: Bank of Canada

December 20, 2023 No Comments

If you had a mortgage as of February 2022, chances are you will be facing a payment increase before the end of 2025.

Mortgage interest costs surge by nearly 70% in the past year

June 18, 2023 No Comments

Mortgage interest costs have undergone a “dramatic” surge over the past year, having risen by nearly 70%, according to Statistics Canada.

Should You Be Paying Your Mortgage Down Aggressively?

May 10, 2018 1 Comment

Last year a third of mortgage holders in Canada chose to pay their mortgages aggressively, which is to say they paid more than the amount

mortgage payments