Jessi Sandhu - Your Brampton Real Estate Agent
Mortgage News and Articles | My Blog
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Arrears rate rises from its all-time low

1/25/2023 | Posted in Mortgage News by Jessi Sandhu

Canada’s national arrears rate ticked up from its all-time low in October, according to data from the Canadian Bankers Association.

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OSFI proposes new mortgage restrictions

1/13/2023 | Posted in Mortgage News by Jessi Sandhu

Canada's banking regulator has unveiled three new regulatory proposals that could further restrict mortgage lending pending a just-launched consultation period.

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Big Six banks to allow 6-month mortgage payment deferral

3/18/2020 | Posted in Mortgage News by Jessi Sandhu

Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers.

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Reverse mortgages are booming in Canada

9/16/2019 | Posted in Mortgage News by Jessi Sandhu

Reverse mortgages are surging in Canada as more older people join the country’s debt bandwagon.

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Consumers Rush to Lock in Mortgage Rates ahead of Bank of Canada Rate Hikes

9/12/2017 | Posted in Mortgage News by Jessi Sandhu

The number of Canadians who applied for a fixed-rate mortgage in August saw a substantial spike, with 59.31% of users on the LowestRates.ca website opting for a fixed-rate ... More


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Refinancing is driver of new loans growth: CMHC

8/9/2017 | Posted in Mortgage News by Jessi Sandhu

The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 ... More


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Proposed mortgage rules aim to reduce financial risk in Canada's hot housing markets

7/7/2017 | Posted in Mortgage News by Jessi Sandhu

New rules proposed by the federal government to curb financial risks associated with the country's hot housing markets could make it more difficult to secure a ... More


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Canada's central bank acts to defuse housing market threat

6/15/2017 | Posted in Mortgage News by Jessi Sandhu

Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least ... More


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Ontario moves to toughen oversight of syndicated mortgage investments

4/28/2017 | Posted in Mortgage News by Jessi Sandhu

The Ontario government will shift regulation of syndicated mortgage investment products to the Ontario Securities Commission in a move to toughen oversight of a rapidly growing ... More


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Lending market to slow down noticeably in the next few years: CIBC

2/17/2017 | Posted in Mortgage News by Jessi Sandhu

The Canadian lending market will enter a period of relative cooling in the next few years as far-reaching changes to mortgage rules finally begin to make themselves felt, ... More


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Bank of Canada maintains overnight rate target at 1/2 per cent

12/7/2016 | Posted in Mortgage News by Jessi Sandhu

The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as economic conditions move along largely in line with its expectations.

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CMHC passes stress test extreme scenarios

11/17/2016 | Posted in Mortgage News by Jessi Sandhu

Canada Mortgage and Housing Corp. says its stress testing shows it will be able to withstand even the most extreme economic scenarios.

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Mortgage insurance premiums set to rise

11/14/2016 | Posted in Mortgage News by Jessi Sandhu

Homeowners could be facing mortgage insurance price increases next year according to the boss of Canada’s largest private mortgage insurer.

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Non-banks "crippled" by new mortgage rules says broker

10/11/2016 | Posted in Mortgage News by Jessi Sandhu

The new mortgage rules being introduced by Ottawa next week are already having a “crippling” impact on non-bank mortgage lenders according to online broker Butler ... More


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New rules will cool down mortgage market, not home prices

10/7/2016 | Posted in Mortgage News by Jessi Sandhu

The dynamism of the Canadian mortgage market itself might be at risk due to the tighter regulations announced by Finance Minister Bill Morneau earlier this week, an observer ... More


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Genworth: One-third of mortgage consumers at risk due to new measures

10/7/2016 | Posted in Mortgage News by Jessi Sandhu

Fully one-third of consumers would encounter difficulties in meeting the new debt service ratios as outlined by the tightened mortgage measures introduced by Finance Minister ... More


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Getting a mortgage at two major Canadian banks just got harder for some new Canadians

9/27/2016 | Posted in Mortgage News by Jessi Sandhu

Two major Canadian banks have closed a loophole that allowed new Canadians here for less than five years to bypass income verification when purchasing a home.

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1 million Canadians would struggle with interest rate rise: TransUnion

9/14/2016 | Posted in Mortgage News by Jessi Sandhu

Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise.

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Canada regulator sets out stricter mortgage rules for banks

9/12/2016 | Posted in Mortgage News by Jessi Sandhu

Canada’s financial regulator released proposed new mortgage rules that could see the country’s lenders hold more capital to offset risks.

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Ottawa reconsiders 'risk sharing' by mortgage lenders

8/16/2016 | Posted in Mortgage News by Jessi Sandhu

The federal government may require banks and other mortgage lenders to pay a deductible to protect taxpayers from risky hot housing markets.

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