BR-Money-Monitor

Local Journalism Initiative
·1 min read

Mortgage shopping isn’t getting much easier these days.

The highly anticipated interest rate cuts so many have been banking on this year keep getting pushed back, while borrowers lost an aggressive rate advertiser after H-S-B-C Canada was taken over by R-B-C.

Mortgage experts say the challenges mean it's all the more important to do your research and negotiate on rates.

It's not just brokers who emphasize the importance of negotiating — even R-B-C chief executive Dave McKay (Mac-EYE') points out it's expected by the banks.

Mortgage strategist Robert McLister says determining the best rate takes some leg work, checking comparison sites, calling both brokers and lenders directly, and making sure to get offers in writing.

Leah Zlatkin, mortgage broker and LowestRates-dot-c-a expert, says it's also important to know the conditions of low-rate offers, as some have restrictive conditions like locking the borrower to the lender until they sell the property or die.

The Canadian Press

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Bitcoin Plunges. Here’s Why and How Far Prices Could Fall.

    Bitcoin sells off alongside stocks amid wider market jitters. But now the technical backdrop for cryptos is even weaker.

  • 3 Reasons to Buy Enbridge Stock Like There’s No Tomorrow

    Enbridge (TSX:ENB) stock has barely moved in the last few years, with ongoing issues. But there are still reasons that could make it work for investors. The post 3 Reasons to Buy Enbridge Stock Like There’s No Tomorrow appeared first on The Motley Fool Canada.

  • 3 Beaten-Down Stocks that Could Take Off in the New Bull Market

    Do you have some extra cash to spare? These three discounted stocks are poised for a rebound. The post 3 Beaten-Down Stocks that Could Take Off in the New Bull Market appeared first on The Motley Fool Canada.

  • 2 Dividend Stocks to Double up on Right Now

    These two dividend stocks don't just offer a nice dividend, but huge growth. With one potentially being a major winner in 2024. The post 2 Dividend Stocks to Double up on Right Now appeared first on The Motley Fool Canada.

  • Lululemon Billionaire Pledges Shares to Goldman for Margin Loan

    (Bloomberg) -- Lululemon Athletica Inc. founder Chip Wilson pledged a chunk of his multibillion-dollar stake in the yogawear maker to secure financing from Goldman Sachs Group Inc., leveraging his biggest listed asset.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesFed to Signal Delay of Interest-Rate CutsThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire EconomyLilly Soars as Fo

  • A Dividend Giant I’d Buy Over TC Energy Stock

    TC Energy is a blue-chip dividend stock that is positioned to grow its payouts in the near term. But is TRP stock a good buy? The post A Dividend Giant I’d Buy Over TC Energy Stock appeared first on The Motley Fool Canada.

  • 3 Roaring Stocks to Hold for the Next 20 Years

    These three growth stocks have surged in share price in the last year and yet have proven they can keep doing it time and time again. The post 3 Roaring Stocks to Hold for the Next 20 Years appeared first on The Motley Fool Canada.

  • Loblaw reports $13.58B in Q1 revenue, as Reddit group's boycott kicks off

    Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer.The company said that its retail segment sales rose 4.4 per cent to $13.29 billion. Food retail sales were up by 3.4 per cent, while its drug retail sales under the Shoppers Drug Mart banner increased by four per cent.Its earnings per share were $1

  • Cocoa Prices Swing Wildly as Liquidity Overshadows Supply Issues

    (Bloomberg) -- The cocoa market was whipsawed by extreme volatility in the futures market on Tuesday amid a lack of liquidity.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTesla Soars on Tentative China Approval for Driving SystemPot Stocks Surge on Report DEA Set to Reclassify MarijuanaAfter more than doubling this year, futures traded in Ne

  • To sell or not to sell? Experts weigh in on triggering capital gains before June 25 change

    Experts say it’s a decision that requires careful consideration.

  • Have $500? 3 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now

    These stocks may be up this year, but more is due as they still offer cheap stock status on the TSX today -- especially for long-term holders. The post Have $500? 3 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now appeared first on The Motley Fool Canada.

  • Why economists who originally expected multiple deep rate cuts in 2024 now say a hike is possible

    "We expect, in any case, that the Fed's communications after the FOMC meeting this week will have a uniformly hawkish tone," Macquarie said.

  • Trump raises stake in his media firm to nearly 65%

    The former U.S. president and Republican presidential candidate secured 36 million shares of Trump Media & Technology Group (TMTG), increasing his stake from 57.6% as of March. Reuters reported last week that Trump would secure a stock bonus worth $1.3 billion from TMTG, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The bonus also reflects the exuberant trading in TMTG's shares, which have been on a roller coaster ride since the company listed on Nasdaq last month through a merger with a special purpose acquisition company (SPAC) and was snapped up by Trump supporters and speculators.

  • It's going to be a massive week for the stock market

    There are five major events to watch for this week, highlighted by a Fed meeting and the April jobs report.

  • RRSP Wealth: 2 Dividend-Growth Stocks to Buy on a Dip and Own for Decades

    These stocks look oversold and have great track records of dividend growth. The post RRSP Wealth: 2 Dividend-Growth Stocks to Buy on a Dip and Own for Decades appeared first on The Motley Fool Canada.

  • Tesla Stock Soars on FSD Approval in China. 3 Reasons the News Is a Big Deal.

    The EV maker's CEO met with Chinese Premier Li Qiang over the weekend and won approval to unlock self-driving features.

  • 3 No-Brainer Stocks to Buy Before a Bull Run

    Given their healthy growth prospects and attractive valuation, I am bullish on these three stocks ahead of the next bull run. The post 3 No-Brainer Stocks to Buy Before a Bull Run appeared first on The Motley Fool Canada.

  • Stock market today: Asian stocks follow Wall St tumble. Most markets in the region close for holiday

    HONG KONG (AP) — Asian stocks fell Wednesday with most of the markets in the region closed for a holiday. Meanwhile, U.S. stocks closed out their worst month since September. Oil prices were lower and U.S. futures were mixed. Tokyo’s Nikkei 225 index lost 0.8%, down to 38,089.09 in early trading after the country’s factory activity experienced a milder shrink in April, as the manufacturing purchasing managers’ index from au Jibun Bank rose to 49.6 in April from 48.2 in March. A PMI reading under

  • 2 Potentially Explosive Stocks to Buy in May

    These two companies have been doing well over the years, but more could be coming as interest in the market rises higher. The post 2 Potentially Explosive Stocks to Buy in May appeared first on The Motley Fool Canada.

  • 2 Undervalued Stocks I’d Buy in May

    Undervalued TSX stocks such as goeasy and Dollarama have already delivered game-changing returns to shareholders. The post 2 Undervalued Stocks I’d Buy in May appeared first on The Motley Fool Canada.