Canada’s largest province by population, Ontario is the manufacturing heartland and onetime economic powerhouse of the country.  The provincial capital is the largest housing market in Canada, and second most expensive in the country, trailing only Vancouver in BC.

If Canadian homebuyers had a nickel for every report that came out about the country’s housing market, they probably wouldn’t need to bother applying for a mortgage. From banks and ratings agencies to magazines and think-tanks, predictions about Canadian house prices seem to be a national – and international – pastime. 

When Len Dvorkin saves up enough Aeroplan points each year, he redeems them for plane tickets for his family. However, frequent flyers know that the term “free plane tickets” is slightly misleading.

Unless you’ve been out ice-fishing for the last week and a half, you’ve probably heard about mortgage rates falling.

The gateway between Canada’s traditional manufacturing heartland and the newer resource sectors, Manitoba is changing in ways that are unlike many of the other provinces.  Whereas many regions across the country are seeing limited economic investments from the private sector, the ratio of private vs. public growth in Manitoba actually favours the private market.

Ever since 2007, the economy of Saskatchewan has been booming stronger than any province in Canada, rivaling the economic strength of Alberta.  Economic growth contributed to strong net gains in housing sales and average prices, with new housing starts rising or falling based on supply. 

The conventional wisdom in Canada that “mortgage rates have nowhere to go but up” has been proven wrong – again. Yesterday RBC cut most of its fixed rates by 10 basis points in response to “competitor pricing,” and other banks are expected to follow suit. Even more significant is the growing likelihood that variable rates will fall too as the Bank of Canada considers cutting the overnight rate. That’s right – borrowers who rolled the dice and went variable will soon have some extra money in their pockets thanks to BoC governor Stephen Poloz. The freshman governor will be cutting rates in a matter of months if current economic trends continue.

Applying for a rewards credit card is a thrilling experience for many of us.

Thousands of people are migrating to Alberta from all over the country for new opportunities.