by Josh | May 17, 2018 | Economic, Mortgage Blog, Mortgage Rates, News
2018 is the year of mortgage renewals in Alberta! This has been Mortgages for Less’ busiest year with mortgage renewals. A CIBC Capital Markets report says that an estimated 47 per cent of all existing mortgages will need to be renewed this year. A normal year sees 25... by Josh | May 9, 2018 | Mortgage Rates, Mortgage Tips & Advice, News
On May 9th, the Bank of Canada raised its Benchmark Qualifying rate. The Benchmark rate is the median average of the 5-year posted rates from the major six banks. Given recent rate increases over the past few weeks, that median rate increased this week by 20 basis...
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