Jessi Sandhu - Your Brampton Real Estate Agent
Home Buyers News and Articles | My Blog

'No question' homebuyers racing to beat rate hikes: CIBC's Tal

11/22/2021 | Posted in Home Buyers by Jessi Sandhu

home-purchase-contract-441.jpg - Real Estate News Canada’s red-hot housing markets could cool down in the second half of next year, according to a prominent Bay Street economist, as many buyers rush to buy now before the ... More


The Latest in Mortgage News: BoC Deputy Governor Says Rate Hikes Could Come Later Than Expected

11/19/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News Financial markets may be pricing in the first interest rate hikes as early as March, but they shouldn’t be too confident about that timing. ... More


Just 11.4% of young adults in Ontario are homeowners

11/9/2021 | Posted in Home Buyers by Jessi Sandhu

group-of-young-adults-338.jpg - Real Estate News When it comes to Ontario homeowners, a mere 11.4% of young adults across the province own their own homes. ... More


CIBC's Tal to homebuyers: Start preparing for rising rates

11/2/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News A prominent Bay Street economist said homebuyers should start preparing sooner rather than later. ... More


How the government hopes to change the purchasing process

10/29/2021 | Posted in Home Buyers by Jessi Sandhu

home-buyers-447.jpg - Real Estate News A proposed Home Buyers’ Bill of Rights would address a notable trend that’s emerged in a red-hot market ... More


Parents gifting kids record $82K average to buy first home: CIBC report

10/25/2021 | Posted in Home Buyers by Jessi Sandhu

cibc-office-250.jpg - Real Estate News Roughly 30 per cent of first-time homebuyers and nearly nine per cent of existing homeowners received financial help from family this past year to purchase a house. ... 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


Canada's housing market unlikely to cool as new home buyers opt for variable loans

10/15/2021 | Posted in Canadian Housing Market by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News Popularity of variable-rate mortgages expected to grow further, overturning a trend that has been in place for over a decade. ... More


Bond Yields Are Rising. Are Fixed Mortgage Rates Next?

9/28/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Bond yields rose sharply on Monday in the U.S. and Canada, and bond yields typically lead fixed mortgage rates. ... More


Where do immigrants buy homes in Canada?

9/22/2021 | Posted in First Time Home Buyers by Jessi Sandhu

agent-meeting-contract-264.jpg - Real Estate News This buyer cohort also makes more expensive residential moves, on average ... 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


Buyer Fatigue Surfacing in Canadian Housing Market?

9/2/2021 | Posted in Home Buyers by Jessi Sandhu

sold-home-for-sale-260.jpg - Real Estate News What's “buyer fatigue”? This term applies to home hunters who have been repeatedly outbid and left disillusioned by the process. ... More


What the parties are promising for homebuyers

8/23/2021 | Posted in First Time Home Buyers by Jessi Sandhu

home-buyer-search-126.jpg - Real Estate News Politicians are zeroing in on ways that just might make the dream of owning a home that much easier. ... 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


More than 30% of Ontario homeowners can't afford much more than their mortgages

8/18/2021 | Posted in Ontario Real Estate by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Ontario residents are growing increasingly stressed out about money, debt, and the ability to cover even their basic living expenses, according to ... More


The cost of down payments in Canadian cities skyrocketed in 2021

8/4/2021 | Posted in Home Buyers by Jessi Sandhu

couple-managing-debt-449.jpg - Real Estate News Skyrocketing housing prices in 2021 are driving up how long it would take for homebuyers to save for a down payment, new data shows. ... More


CMHC changes underwriting practices on mortgage loan insurance

7/5/2021 | Posted in Real Estate News by Jessi Sandhu

cmhc-news-7.jpg - Real Estate News Canada Mortgage and Housing Corp. is easing its underwriting criteria for mortgage loan insurance after changes it made last year were not effective and caused it to lose market ... More


Millennials vs. baby boomers: Why the cost of living has skyrocketed for young Canadians

6/28/2021 | Posted in Canada Living by Jessi Sandhu

home-value-increase-443.jpg - Real Estate News A look at why the hot housing market is out of reach for young Canadians ... More


Stress test hike confirmed

5/20/2021 | Posted in Home Buyers by Jessi Sandhu

house-keys--home-sold-122.jpg - Real Estate News Canada’s banking watchdog is confirming it will apply tighter rules to the so-called mortgage stress test, effective June 01. ... More


Freaked-out Canadians open to rate hikes to cool hot housing market

5/12/2021 | Posted in Home Buyers by Jessi Sandhu

worried-businessman-346.jpg - Real Estate News Canadians are so alarmed by the red-hot housing market that many say they’d like to see the central bank raise the cost of borrowing to dampen demand for real estate and ... More


You got turned down for a mortgage? Here's what to do

5/6/2021 | Posted in Home Buyers by Jessi Sandhu

senior-indian-couple-245.jpg - Real Estate News Whether you’re starting your home search or you just bid on the place of your dreams, getting denied for a mortgage will stop you cold. ... More


A Pre-Approval Does Not Guarantee a Mortgage Approval

5/1/2021 | Posted in Mortgage Advice by Jessi Sandhu

property-search-442.jpg - Real Estate News Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. ... More


Courts show little empathy for failed purchasers

5/4/2021 | Posted in Home Buyers by Jessi Sandhu

legal-real-estate-11.jpg - Real Estate News Unconditional offers are poor choices and our courts have shown little empathy for failed purchasers, repeatedly holding that vendors have no obligation to accommodate purchasers ... More


Mortgage stress test gets more stressful on June 1

4/30/2021 | Posted in Home Buyers by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Effective June 1, the federal mortgage stress test increases to 5.25 per cent, or about four times higher than what major lenders are actually charging ... More


Canadian housing starts increased in March

4/19/2021 | Posted in Canadian Housing Market by Jessi Sandhu

housing-starts--new-developments-454.jpg - Real Estate News The trend in housing starts was 273,664 units in March 2021, up from 252,636 units in February 2021, according to Canada Mortgage and Housing Corporation (CMHC). ... More


New housing measures risk "unintended consequences": TD

4/16/2021 | Posted in Canadian Housing Market by Jessi Sandhu

home-value-increase-443.jpg - Real Estate News In a report to clients Thursday, TD Senior Vice-President and Chief Economist Beata Caranci said that ultimately, rock-bottom interest rates are to blame and warned against any ... More


How quickly will fixed rates rise in Canada?

4/11/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu

market-growth-103.jpg - Real Estate News With the lowest rates for five-year fixed mortgage products in Canada having risen last month for the first time since January 2020, speculation began to mount in the mortgage ... More


Here's how home prices compare to incomes across Canada

4/12/2021 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

housing-market-concept-image-262.jpg - Real Estate News In the pandemic-linked housing boom, average residential property values have become decoupled from average incomes over vast swathes of the country. ... More


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