Borrowers are often steered toward five-year, fixed-rate mortgages when longer periods might help them. “In a unanimous decision by the Ontario Court of Appeal last week, R v Trinchi, the court.
CEO of the Ontario Real Estate Association. “At a time of continued economic expansion, a good economy and long and low mortgage rates, home ownership is actually in decline,” he said. Millennials,
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Mortgage brokers are regulated in Ontario by the Financial Services Commission and require. Finding a deal, or the desire to get the best rate, is the key reason people use a broker.” Because.
RBC also said it expected net interest margin or NIM, a key measure of profitability, to be relatively flat over the next.
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