Jessi Sandhu - Your Brampton Real Estate Agent
Mortgages and Real Estate News and Articles | My Blog
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Why longer-term mortgages could be beneficial

1/22/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

The current lending rules in Canada are geared towards shorter-mortgage terms

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Bank of Canada Holds Rates, Shows Less Confidence in Outlook

1/22/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy.

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Ultra-low Rates Will Persist: RBC

1/17/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics.

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CEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test

1/8/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More


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Canadian mortgage debt growth continues unabated

10/10/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s ... More


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Low interest rates are the market's lifeline during tougher times

9/25/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Employment figures had a major influence on the market's dynamics.

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More Fed cuts expected to push Canadian interest rates lower

9/19/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.

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23% of millennials justify lying on a mortgage application

9/16/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud.

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Soaring House Prices Could Return As Interest Rates Head To Zero: BMO

8/10/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes.

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Canadian mortgage borrowers have a 'rare opportunity'

9/6/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests.

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With fixed rates below variable ones, mortgage market is in the Upside Down

7/28/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate.

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Central bank qualifying rate used in mortgage stress tests falls

7/21/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years.

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OREA calls for relaxed mortgage rules

7/18/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp.

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Alternative lenders increase share of slowing Canadian mortgage market: CMHC

7/17/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid ... More


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Regulator defends mortgage stress test in face of pushback from industry

6/11/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices.

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CRA identifies over $1b in tax evasion since 2015

5/31/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Canada Revenue Agency has identified over a $1 billion in unpaid gross taxes in the real estate sector since 2015 and has doled out over $100 million in penalties.

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BoC touts long-term mortgages to open MBS market

5/9/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More


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Scrapping Mortgage Rules Would Boost Canadian Home Prices, TD Says

5/1/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than expected, ... More


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Self-employed increasingly turning to private lenders for mortgages

4/25/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage.

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