Jessi Sandhu - Your Brampton Real Estate Agent
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Big banks slash mortgage rates this week to reflect lower bond yields in Canada

1/12/2024 | Posted in Interest Rates by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News Nearly all of the country’s big banks slashed their advertised fixed mortgage rates this week, in some cases by as much as 70 basis points (or 0.70%). ... More


Big banks and lenders slash mortgage rates in time for the holidays

12/21/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates. ... More


"We don't see vulnerabilities worsening," OSFI says as it leaves capital buffer for big banks unchanged

12/8/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

statistics-canada-80.jpg - Real Estate News Canada’s banking regulator today announced no change to the amount of capital banks must keep on hand to cover potential future losses. ... More


Another rate hike coming, say Big Six banks

7/7/2023 | Posted in Interest Rates by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News All six of Canada’s main commercial lenders now expect the Bank of Canada to raise interest rates next week after the country’s labor market tripled expectations in ... 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


Interest rates are plunging - so why aren't mortgage rates?

4/5/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News Bond yields and central bank rates have never been lower, but not all the savings are filtering down. ... 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


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


CEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test

1/8/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More


Big banks tighten grip on mortgage market after rule changes stifle competition

12/14/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender ... More


Mortgage rates are rising. Here's how you can save money

5/28/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu

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


Bank of Canada raises qualifying mortgage rate after Big Six banks hike rates

5/9/2018 | Posted in Home Buyers by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers’ ... More


CIBC hikes interest rate

5/1/2018 | Posted in Home Buyers by Jessi Sandhu

cibc-office-250.jpg - Real Estate News The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points. ... More


Two Big Six banks hike benchmark rates

4/27/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu

td-canada-downtown-toronto-273.jpg - Real Estate News Two of Canada's biggest banks are raising their benchmark rates for five-year, fixed-rate mortgages. ... More


Amid fraud allegations, S&P lowers Canadian banks' risk metric

2/28/2018 | Posted in Financial Health by Jessi Sandhu

business-meeting-notes-105.jpg - Real Estate News Evidence of mortgage fraud amid surging home prices and household debt has prompted S&P Global Ratings to lower a key risk metric for Canadian banks. ... More


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