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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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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Mortgage stress test is helping fuel alternative lending boom
4/16/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
CIBC economist says regulators need to revisit rules that have made it harder to get a mortgage. ...
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Why house prices are unlikely to rise any time soon
4/11/2019 | Posted in Canadian Housing Market by Jessi Sandhu
While this season usually brings a wave of interested buyers, economists wonder if we’ll see a spring thaw in the market this year. ...
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Ontario Realtors advise Ford government to end 'bully' offers
4/8/2019 | Posted in Ontario Real Estate by Jessi Sandhu
Industry association also wants its regulator to have more power to 'kick out' unethical agents ...
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3/12/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate. ...
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The mortgage 'stress test' has started harming Canadians more than it helps
2/26/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
Ten per cent of Canadians no longer qualify for a mortgage with banks. ...
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Deep freeze in housing market suggests mortgage rules have overshot their mark
2/22/2019 | Posted in Canadian Housing Market by Jessi Sandhu
While a decline in sales in January 2018 was expected, the decline this January was disturbing. ...
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Stress test is already obsolete
2/22/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head. ...
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Consumer homebuying patterns move west in the GTA
2/21/2019 | Posted in GTA Real Estate by Jessi Sandhu
Consumer homebuying patterns move west, as Halton Region and West Toronto capture an increased share of overall GTA market, says a new report from RE/MAX. ...
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