OSFI proposes new mortgage restrictions
1/13/2023 | Posted in Mortgage News by Jessi Sandhu
Canada's banking regulator has unveiled three new regulatory proposals that could further restrict mortgage lending pending a just-launched consultation period. ...
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Variable-rate mortgages are about to trigger payment increases
8/8/2022 | Posted in Mortgages and Real Estate by Jessi Sandhu
There has been a lot of discussion recently about how variable-rate mortgage holders could face their “trigger point.” We’re going to explore what that means, ...
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Extending mortgage period could keep payments in check even as rates rise
6/17/2022 | Posted in Mortgages and Real Estate by Jessi Sandhu
Experts say extending the amortization period for your mortgage could keep your monthly payments in check even as you face higher interest rates, but caution that doing so comes ...
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Bank of Canada says some Canadians could see mortgage payments jump by 45% in 2025-26 as rates rise
6/10/2022 | Posted in Mortgages and Real Estate by Jessi Sandhu
Central bank highlights rising debt loads and falling home prices among ...
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What the Bank of Canada rate cut means for mortgages
3/5/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ...
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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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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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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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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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The bond market is now sending a clear signal: Go with a variable-rate mortgage
12/6/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed. ...
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More homebuyers opted for variable rates in Q3 says CMHC
11/30/2018 | Posted in Home Buyers by Jessi Sandhu
CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers. ...
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No rate rise at least February suggests C.D. Howe Institute
11/30/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council. ...
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The main reason Canadian homeowners refinance
11/25/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu
The main reason that 15% of Canadian homeowners refinanced their homes was to consolidate debt. ...
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Mortgages Soar For Canadians In Their 80s, 90s
9/20/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu
With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your ...
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Mortgage rates are rising. Here's how you can save money
5/28/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving Canadian ...
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Higher rates putting greater pressure on indebted Canadians
4/17/2018 | Posted in Financial Health by Jessi Sandhu
Upward trend in rates would negatively impact Canadians' ability to service their debts. ...
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Longer amortizations and higher costs: Our mortgage outlook for 2018
12/25/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu
It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception. ...
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Surge in uninsured mortgages 'no coincidence'
12/6/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu
Consumers looking to consolidate debt currently have more buying power than they will next month, therefore rushing to refinance their mortgages before the new mortgage ...
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Consumers Rush to Lock in Mortgage Rates ahead of Bank of Canada Rate Hikes
9/12/2017 | Posted in Mortgage News by Jessi Sandhu
The number of Canadians who applied for a fixed-rate mortgage in August saw a substantial spike, with 59.31% of users on the LowestRates.ca website opting for a fixed-rate ...
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Refinancing is driver of new loans growth: CMHC
8/9/2017 | Posted in Mortgage News by Jessi Sandhu
The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 million ...
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