Diapers of Mortgage Payments?
Filed Under Main Content · Tagged: Diapers, Globe And Mail, Globe Mail, Mortgage Payments
Globe and Mail
Struggles of saving and being a parent… See full story on this topic »
Many don’t know if they could make higher mortgage payments: poll
Filed Under Main Content · Tagged: Bank Of Canada, Bank Of Montreal, Benchmark Rate, Bmo, Canadians, Interest Rates, Mortgage Interest, Mortgage Payments, Mortgage Rates, Poll
Nearly 20 per cent of Canadians don’t know if they’ll be able to make their mortgage payments if interest rates increase, according to a poll released Thursday by Bank of Montreal – disturbing findings given that BMO expects the Bank of Canada to raise its benchmark rate by at least one per cent by the end of the year.
Many don’t know if they could make higher mortgage payments: poll
Mortgage insurance market heating up
Filed Under Main Content · Tagged: Bank Mortgage, Care Insurance, Default Insurance, Insurance, Insurance Market, Mortgage Default, Mortgage Insurance, Mortgage Insurer, Mortgage Market, Mortgage Payments, National Insurance, National Mortgage, Rare Event
National Post- Mortgage default insurance is something you have to pay if you can’t come up with a 20% down payment on your house.
You pay the premium and the insurance covers the bank in the rare event — defaults in this country are still below 1% — you don’t make your mortgage payments. But it is a transaction between your bank and your mortgage insurer.
So, why should you care about the mortgage default insurance market and another new entrant into the market…?
Mortgage insurance market heating up
Victorians spending more than half of their income on home ownership costs
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Bungalow, Economics, Fifth Consecutive Quarter, Greater Victoria, Home Ownership Costs, Household Income, Housing Affordability, Mortgage Payments, Property Taxes, Proportion, Rbc, Royal Bank Of Canada, Second Quarter, Single Family, Victorians
Times Colonist- The cost of owning a single-family bungalow in Greater Victoria climbed for the fifth consecutive quarter, says a new housing affordability report from the Royal Bank of Canada.
According to RBC Economics, ownership costs — the proportion of median pre-tax household income required to service the cost of mortgage payments, property taxes and utilities — for a single-family bungalow in this city in the second quarter hit 50.5 per cent of household income. That was considerably above the national average of 42.9 per cent…
Victorians spending more than half of their income on home ownership costs
