Jessi Sandhu - Your Brampton Real Estate Agent
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One in five deferred mortgages likely to go into default: RBC

10/13/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Approximately 11% of Canadian borrowers have not returned to a regular payment schedule. ... 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


Why some Canadians have only 5-7 months before their home buying window closes

9/28/2020 | Posted in Home Buyers by Jessi Sandhu

realtor-showing-home-452.jpg - Real Estate News In light of the past six months of COVID-19-triggered uncertainty, home sales in Canada have been shockingly brisk as a combination of FOMO and low interest rates keep drawing ... 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


Major banks anticipating resumption of most mortgage payments

9/18/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

cheque-debt-bills-signature-96.jpg - Real Estate News A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end. ... 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


Canadians have more than 500,000 payment deferrals with the Big Six

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

worried-businessman-346.jpg - Real Estate News The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion ... More


CMHC eyeing 'new tools' as mortgage deferral cliff looms for borrowers

7/28/2020 | Posted in Canadian Housing Market by Jessi Sandhu

cmhc-news-7.jpg - Real Estate News This fall, loan payments unemployed borrowers kicked down the road must start being repaid again, plus interest ... 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


CMHC's new rules will spur heightened home-buying activity

6/12/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

home-buyers-447.jpg - Real Estate News Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1. ... More


Bank of Canada holds rate steady

6/3/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More


Canadians could see record low interest rates until 2022

6/1/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two. ... More


Mortgages take up largest slice of Canada's household debt

5/18/2020 | Posted in Financial Health by Jessi Sandhu

real-estate-market-growth-125.jpg - Real Estate News Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the Bank ... More


Stress Test Rate to Drop

5/16/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week. ... More


Canada braces for higher mortgage defaults

4/21/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

laptop-research-453.jpg - Real Estate News Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ... More


Canadian banks have processed 670,000 mortgage deferrals in first month

4/17/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgages-475.jpg - Real Estate News Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More


Canada's big banks field half a million mortgage deferral requests

4/4/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

senior-couple-meeting-agent-258.jpg - Real Estate News Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, ... More


Mortgage rates are rising in Canada despite virus-relief cuts

3/31/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic. ... More


Canada's big banks field more than 200,000 mortgage deferral requests

3/28/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

home-purchase-contract-441.jpg - Real Estate News Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and job ... More


Big Six banks to allow 6-month mortgage payment deferral

3/18/2020 | Posted in Mortgage News by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers. ... More


Government announces new mortgage buying program

3/17/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

home-purchase-contract-441.jpg - Real Estate News The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system. ... More


What the Bank of Canada rate cut means for mortgages

3/5/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

marketing-analysys-104.jpg - Real Estate News Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... More


Bank of Canada lowers overnight rate target to 1.25 percent

3/4/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More


Coronavirus-driven rate cut could add kerosene to Canada's housing market

3/4/2020 | Posted in Canadian Housing Market by Jessi Sandhu

coronavirus-468.jpg - Real Estate News Lower mortgage rates likely to offset any major drag from a global outbreak ... More


BoC rate must be at 1.5%, think-tank's fiscal policy council says

3/2/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark policy ... More


OSFI considering new benchmark rate for uninsured mortgages

2/19/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

couple-laptop-106.jpg - Real Estate News 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 ... More


Morneau unveils new insured mortgage stress test rate

2/18/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Ottawa changing stress test rate for insured mortgages starting April 6. ... More


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