Jessi Sandhu - Your Brampton Real Estate Agent
Canadian Mortgage Market News and Articles | My Blog

Average New Mortgage Size Surges 18% in Third Quarter: Equifax

12/2/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgages-475.jpg - Real Estate News The average new mortgage being taken out by today’s borrowers surged considerably as of the third quarter, reports Equifax. ... More


What the Bank of Canada statement means for interest rates

11/2/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News The Bank of Canada struck a positive tone on Canada’s economic recovery from the COVID-19 pandemic in its most recent interest rate announcement, with Governor Tiff Macklem ... More


Mortgage rates back up as GOC bond yields rise

10/22/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Global bond yield rates are up this month, and Canada is not missing out on the action. ... More


Mortgage Rates Rising as Bond Yields Surge

10/13/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News A growing number of lenders have been raising interest rates recently in response to rising bond yields, including the big six banks. ... More


Bank of Canada Keeps Status Quo, Rate Hikes Still on the Table for Next Year

9/8/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu

marketing-analysys-104.jpg - Real Estate News The Bank of Canada delivered a status quo rate decision today, keeping its target rate and bond purchases unchanged. ... More


Bank of Canada keeps key interest rate on hold at 0.25 per cent

9/8/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic recovery. ... More


Canadian mortgage volumes hit record high

8/31/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgages-475.jpg - Real Estate News A new report shows that Q2 volumes were the highest ever recorded in a single quarter ... More


What Does High Inflation Mean for Mortgage Rates?

8/27/2021 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News If above-target inflation persists, it could have ramifications for homeowners in the form of shifting rate-hike expectations. ... More


Mortgage debt is rising at its fastest pace in Canada since 2007

8/20/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

home-buying-financing-concept-261.jpg - Real Estate News Canadians are piling into mortgages at more than double the historical pace as the housing market appears to moderate after a pandemic boom. ... More


Low Rates Helping Borrowers Pay Off Mortgages at Record Pace

6/27/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

cheque-debt-bills-signature-96.jpg - Real Estate News Low mortgage rates are allowing borrowers to pay off their mortgages faster than ever. ... More


Mortgage surge pushes Canada consumer debt to $2.1 trillion

6/8/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News A surge in mortgage borrowing is pushing consumer debt loads higher in Canada despite falling credit card use, as households plow more money into their homes while spending less ... More


Mortgage growth eases in February: StatsCan

4/19/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News The pace of mortgage borrowing continued to slow in February, according to data from Statistics Canada. ... More


Mortgage debt balance reaches new highs

3/30/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News The national mortgage debt balance hit a new record high of $1.65 trillion in Q4 2020, according to data from Statistics Canada. ... More


Equifax on how many Canadians lie on their mortgage applications

3/25/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

meeting-397.jpg - Real Estate News As many as 14% of millennials said that they have not been entirely truthful on a previous credit or loan application, compared to the national average of 7%, according to a ... More


Bank of Canada seen resisting investor expectations of early rate hike

3/8/2021 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Investors see rising chances that the Bank of Canada would hike interest rates next year as the economic outlook improves, but the central bank is likely to push back against ... More


Canada's mortgage rates edging higher in first rise since before COVID-19 crisis

3/3/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News Canadian mortgage rates are beginning to inch higher for the first time since before the COVID-19 crisis, reflecting the spike in long-term bond yields, but with home loans still ... More


Canadian Mortgage Rates Most Likely To Climb, Despite Low Overnight Rate

2/23/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Canadian home buyers may be looking at higher mortgage rates sooner than expected. ... More


Canadians piling on mortgage debt as hot housing market continues

1/20/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

get-home-sold-real-estate-266.jpg - Real Estate News Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan. ... More


Time to lock in? The outlook for mortgages in 2021

1/5/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead. ... More


Pace of Canadian mortgage credit growth is slowing

10/8/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth. ... More


Most new mortgages still come from the Big Six

9/25/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

laptop-research-453.jpg - Real Estate News The largest share of new mortgages in Canada is still with the big banks, according to the Canada Mortgage and Housing Corporation. ... More


Surge in outstanding residential mortgage credit: CMHC sees risk of delinquencies jumping

9/10/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

agent-meeting-contract-264.jpg - Real Estate News Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More


BoC: Household debt shows flat growth, while mortgage swells

7/9/2020 | Posted in Financial Health by Jessi Sandhu

mortgages-475.jpg - Real Estate News Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank. ... More


Mortgage Rates Keep Setting New Record Lows

6/30/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

house-keys--home-sold-122.jpg - Real Estate News While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for ... More


Record-low interest rates here to stay - for now

6/23/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ... More


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