by Citadel Mortgages | Mar 12, 2019 | Blog
New data released today from the Canadian Housing Statistics Program provide information on ownership of residential properties by non-individuals in Nova Scotia, Ontario and British Columbia. The Canada Mortgage and Housing Corporation published a report using these...
by Citadel Mortgages | Feb 20, 2019 | Blog
Most people come to us while they are in the process of shopping around for the lowest rate on their mortgage. Looking for the lowest rate is what everyone is taught to do. Rarely do people know that the mortgage rate is only ONE of the factors to consider when...
by Citadel Mortgages | Jan 12, 2019 | Blog
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic expansion continues to moderate, with growth forecast to slow to 3.4 per cent...
by Citadel Mortgages | Jan 8, 2019 | Blog
Shelter remained the largest budget item for households in 2017, at 29.2% of their total consumption of goods and services. Spending on transportation, the second-largest expenditure category, accounted for 19.9% of total consumption, followed by food expenditures at...
by Citadel Mortgages | Dec 4, 2018 | Blog
Debt Consolidation Main Reason for Mortgage Refinancing There are a variety of reasons why Canadian homeowners refinance their mortgage. Simply put, refinancing means renegotiating an existing mortgage loan agreement. This year, refinancers accounted for 15% of...
by Citadel Mortgages | Nov 25, 2018 | Blog
Millennials have made up a significant portion of homebuyers in recent years and based on the 2018 Mortgage Consumer Survey, they continue to do so, representing just under half (49%) of first-time buyer respondents. Although this is a decrease from 60% in 2017 and...
