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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Canadians more likely to be homeowners, have a mortgage
8/9/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Homeownership rates are higher now than they were two decades ago according to a new analysis from Statistics Canada. ...
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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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Mortgage market suffers 'extended chill' says Equifax
6/17/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ...
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More mortgage rate cuts could be coming for Canadian homebuyers
6/11/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu
Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ...
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Canadian mortgage rates falling to their lowest level in 2 years
6/7/2019 | Posted in Interest Rates by Jessi Sandhu
Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for borrowers. ...
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5/6/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ...
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The bond market is now sending a clear signal: Go with a variable-rate mortgage
12/6/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed. ...
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Rate rises may be reshaped by oil production cuts says CIBC
12/4/2018 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada will announce its December interest rates decision Wednesday and few are expecting a Grinch-like pre-Christmas shock. ...
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Mortgage renewals have entered a new era
11/6/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu
As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ...
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Mortgage rates are rising. Here's how you can save money
5/28/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving Canadian ...
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Higher interest rates add to home buyer struggles
5/16/2018 | Posted in Home Buyers by Jessi Sandhu
First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year mortgage ...
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5-year mortgage holders, brace yourselves
1/19/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders. ...
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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 ...
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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 ...
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Homeowners worried over rate hike advised to lock in mortgages - experts
6/22/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu
Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates in ...
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U.S. Fed closing the door on low-rate mortgages in Canada
6/15/2017 | Posted in Mortgage Interest Rates by Jessi Sandhu
The U.S. Federal Reserve raised its trend-setting interest rate on Wednesday for the third time in six months to the highest level since the global financial crisis hit in the ...
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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 limit ...
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Mortgage rates continue to defy expectations as Trump runup fizzles
4/28/2017 | Posted in Mortgage Interest Rates by Jessi Sandhu
Here’s the least surprising news you’ll hear all day: Interest rates are not doing what most experts predicted. ...
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What to expect after the U.S. Fed rate hike
3/17/2017 | Posted in Mortgage Interest Rates by Jessi Sandhu
The possible impacts of the U.S. Federal Reserve’s decision on March 15 (Wednesday) to raise its key interest rate from 0.75 per cent to 1 per cent should not be ...
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US Federal Reserve hikes key interest rate to twice that of Canada's
3/15/2017 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Federal Reserve has raised its benchmark interest rate for the second time in three months and signalled that any further hikes this year will be gradual. Higher rates in ...
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Impact of U.S. Fed rate hike - Warning
3/14/2017 | Posted in Mortgage Interest Rates by Jessi Sandhu
Locking in a rate before mortgages become more expensive is the best choice at present, as recent developments have pointed at a possible U.S. Federal Reserve rate hike in 2017. ...
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Mortgage rates to remain low for the first half of 2017
2/24/2017 | Posted in Mortgage Interest Rates by Jessi Sandhu
In the wake of its report on the unsustainability of the Canadian housing market, Fitch Ratings predicted that mortgage rates will remain at record-low levels for the first six ...
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Variable-rate mortgages becoming more important to the market
2/10/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu
The gap between the number of borrowers going for fixed and variable rates has become larger recently, pointing to the increasingly important role that variable-rate mortgages are ...
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