BMO: Despite surging prices, homebuying interest is actually rising
4/26/2022 | Posted in Real Estate News by Jessi Sandhu
Canadian household budgets are being squeezed tight but buying a home remains on the wish list ...
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Lenders hike fixed rates yet again, closing in on 4.5%
5/9/2022 | Posted in Interest Rates by Jessi Sandhu
Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates. ...
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Mortgage rates are rising in Canada despite virus-relief cuts
3/31/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu
Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic. ...
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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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OSFI considering new benchmark rate for uninsured mortgages
2/19/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ...
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2/10/2020 | Posted in GTA Real Estate by Jessi Sandhu
Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ...
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Five Things Every New Condo Buyer Should Know
1/3/2020 | Posted in Home Buyers by Jessi Sandhu
Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer. ...
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Owning a home is a pipedream for many Canadian millennials
12/13/2019 | Posted in Home Buyers by Jessi Sandhu
Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey. ...
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11/25/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Canadians are satisfied with their homes and neighbourhoods but will probably not stay put according to a new survey. ...
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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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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 government ...
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Bank of Canada to cut rates in October, then twice more
7/3/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics. ...
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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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Price growth expectations and financial risk: top influences for homebuyers
6/13/2019 | Posted in Home Buyers by Jessi Sandhu
Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ...
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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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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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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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Where to buy real estate in 2019: The Best Deals in Metro Toronto
6/6/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Due to strong economic fundamentals Toronto’s housing market remains expensive. That’s one reason why this year’s list is dominated by neighbourhoods once ...
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IMF urges Canada not to change policy despite calls to ease mortgage stress test
5/22/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ...
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Andrew Scheer Says He Wants To Scale Back Canada's Mortgage Stress Test
5/17/2019 | Posted in Home Buyers by Jessi Sandhu
The Conservative Party leader says he's "absolutely committed" to reviewing the rule. ...
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Housing demand is stronger than we're told: CIBC
5/15/2019 | Posted in Home Buyers by Jessi Sandhu
Canada needs to be building more homes to meet demand which is greater than official figures suggest. ...
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Transit is increasingly a deal-breaker for Canadian homebuyers
5/7/2019 | Posted in Home Buyers by Jessi Sandhu
Young families in particular want strong transit links, short commute ...
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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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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, ...
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Immigration volume will fuel further housing demand
4/30/2019 | Posted in Canadian Housing Market by Jessi Sandhu
For the foreseeable future, immigration will continue stoking the need for housing in Canada’s largest cities, according to RBC Economic Research. ...
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