Jessi Sandhu - Your Brampton Real Estate Agent
Mortgage Consumers News and Articles | My Blog

A Bank of Canada rate cut as early as September

8/20/2019 | Posted in Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More


Canadians more likely to be homeowners, have a mortgage

8/9/2019 | Posted in Canadian Housing Market by Jessi Sandhu

happy-couple-in-front-of-sold-home-123.jpg - Real Estate News Homeownership rates are higher now than they were two decades ago according to a new analysis from Statistics Canada. ... More


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

calculator--analysis--reporting-128.jpg - Real Estate News 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. ... More


The era of higher mortgage rates was short-lived

7/18/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived. ... More


Alternative lenders increase share of slowing Canadian mortgage market: CMHC

7/17/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

make-a-winning-offer-in-a-competitive-market-116.jpg - Real Estate News 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 ... More


Bank of Canada keeps key interest rate steady

7/10/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More


Despite new details, First-Time Home Buyer Incentive is flawed

6/18/2019 | Posted in First Time Home Buyers by Jessi Sandhu

middle-age-couple-visiting-house-263.jpg - Real Estate News While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem. ... More


More mortgage rate cuts could be coming for Canadian homebuyers

6/11/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News 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. ... More


Regulator defends mortgage stress test in face of pushback from industry

6/11/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News 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. ... More


Canadian mortgage rates falling to their lowest level in 2 years

6/7/2019 | Posted in Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News 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. ... More


Interest rate cut now unlikely say economists

5/27/2019 | Posted in Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More


Household debt at a record high, senior mortgages increase

5/23/2019 | Posted in Financial Health by Jessi Sandhu

home-piggy-bank-251.jpg - Real Estate News Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC. ... More


Delinquency rates hold steady even as credit market grows

5/23/2019 | Posted in Financial Health by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ... More


BoC touts long-term mortgages to open MBS market

5/9/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More


Fixed or Variable Rate?

5/6/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ... More


Self-employed increasingly turning to private lenders for mortgages

4/25/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage. ... More


Bank of Canada 'going nowhere' with interest rates into 2020: Economist

4/3/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

market-reports-on-business-271.jpg - Real Estate News The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group. ... More


Bank of Canada to hold interest rates through 2020: TD Securities

3/15/2019 | Posted in Interest Rates by Jessi Sandhu

business-report-ideas-275.jpg - Real Estate News The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More


Rising debts could see rise of second mortgages

3/14/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

debt-stress-frustration-98.jpg - Real Estate News Canada’s household debt levels will force around 1 in 5 people with debt to sell assets to stay above water. ... More


Mortgage delinquencies on the rise

3/6/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

worried-businessman-346.jpg - Real Estate News More Canadians are running into serious issues with their mortgage payments according to a new report. ... More


Why Canadians are suffering a bankruptcy spike

2/25/2019 | Posted in Interest Rates by Jessi Sandhu

business-report-ideas-275.jpg - Real Estate News The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even negative ... More


Stress test is already obsolete

2/22/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head. ... More


Regulator OSFI opens door to easing Canadian mortgage rules

2/6/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that ... More


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