Jessi Sandhu - Your Brampton Real Estate Agent
Mortgages and Real Estate News and Articles | My Blog
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OSFI announces new stress test for uninsured mortgages

4/16/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canadian regulator cracks down on high-debt mortgages to protect borrowers

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Variable or short-term fixed mortgage? Where experts see the "sweet spot"

3/13/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More


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Under-35 households lead the way in reducing mortgage debt, StatCan reports

1/25/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.

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2024 housing market and interest rate forecasts

12/27/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

As we look back at the year that was, we can say 2023 was a year that tested the resilience of Canadian mortgage holders. And as we look forward, there’s optimism that ... More


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Latest in Mortgage News: OSFI leaves stress test rate unchanged

12/13/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada’s banking regulator confirmed it will leave the mortgage stress test for uninsured mortgages unchanged.

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Mortgage deselection: Can your lender choose not to renew your mortgage?

12/11/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

In its third-quarter earnings call, Scotiabank said it was undertaking a strategy of “customer deselection at renewal” as part of its efforts to slow its mortgage ... More


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Overview of housing initiatives in the government's Fall Economic Statement

11/21/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

From a crackdown to short-term rentals to new investments to create more housing supply, the federal government made housing a key component of its Fall Economic Statement ... More


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Mortgage activity down 25% from 2022 and fixed rates remain top choice, stats show

11/23/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.

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Mortgage market risks rising in high-rate environment: CMHC

11/15/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon

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New mortgage activity slowing - but debt continues rising, says CMHC

11/9/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages ... More


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Most Canadian mortgage holders facing big payment shock: RBC

10/31/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canadian homeowners are facing a significant payment shock on their mortgages unless interest rates decline in the coming years, according to a new Royal Bank of Canada (RBC) ... More


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Mortgage renewals could cause severe downturn

10/7/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated.

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Mortgage interest costs now up over 80% since the start of the BoC's rate hikes

9/14/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest ... More


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New report examines how rising interest rates have impacted home prices in Canada

8/6/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

With the Bank of Canada’s interest rate hikes aimed at fighting inflation, the housing market in Canada experienced a slight drop in prices, according to a new report ... More


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What impact might OSFI's new proposals have on borrowing costs?

7/26/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise.

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What mortgage owners need to know about the Bank of Canada's rate hike

7/13/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

Following the Bank of Canada’s latest interest rate hike, experts say Canadian mortgage owners will feel the impact of higher borrowing costs, either in the form of ... More


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Struggling mortgage holders could see lenders waive fees under new guidelines

7/6/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

Ottawa has published a new set of guidelines to standardize how Canada’s federally regulated lenders offer mortgage relief to consumers struggling under the weight of ... More


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How risky is it to extend Canadian mortgage amortizations?

6/27/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More


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Interest rate shock won't hit fixed-rate mortgage borrowers until 2025, expert says

6/22/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

While the pain of elevated interest rates is already hitting those with variable-rate mortgages, the sticker shock of higher payments might not be felt for a couple years among ... More


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CMHC chief: Longer amortizations will not ensure housing affordability

6/20/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

Policymakers can take more concrete steps to alleviate consumer worries, national housing agency head says

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