The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.

The ongoing global economic recovery is being driven largely by strong domestic demand growth in many emerging-market economies and supported in advanced economies by exceptional monetary and fiscal stimulus, as well as extraordinary measures taken to support financial systems.

A ‘reverse mortgage’ is a new way of borrowing money for people 60 or older and own a home or condo to qualify for a reverse  mortgage in Canada. The flexibility of never having to make monthly payments is why reverse mortgages are such an attractive option for thousands of Canadian homeowners.

With CMHC Flex Down, Approved Lenders can offer home buyers additional flexibility when purchasing a home, including the opportunity to purchase a home using a wider range of sources for their down payment such as borrowed funds and lender cash-back incentives.

MCAP is happy to announce the removal of the Sales Only Clause!!!

As always we are committed to moving forward with your needs in mind. January 21st MCAP confirmed the removal of the Sales Only  Clause.

Bank of Canada maintains overnight rate target at 1/4 per cent!

Fall 2009. Apartment vacancy rates rise in Alberta’s rental markets.

MyMortgage.ca Mortgage Rate Sale - New 3-year ARM Special Offer

On Tuesday, January 5, 2010, a private Canadian investor group, led by Ontario Teachers' Pension Plan, announced the signing of a definitive agreement to acquire AIG United Guaranty Mortgage Insurance Company Canada ("UG Canada") from American International Group, Inc.