Jessi Sandhu - Your Brampton Real Estate Agent
Home Buyers News and Articles | My Blog

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

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

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


One-third of Canadians considering alternative home ownership models amid low affordability

2/27/2024 | Posted in Home Buyers by Jessi Sandhu

first-time-home-buyers-22.jpg - Real Estate News One third of Canadians are considering alternative home ownership models, a new survey has found, as purchasing a home remains out of reach amid an ongoing affordability crunch. ... More


Tax advantages driving exodus from Canada's priciest housing markets

2/6/2024 | Posted in Canada Living by Jessi Sandhu

young-family-moving-in-a-new-home-451.jpg - Real Estate News A new report published today reveals that the burden on buyers from provincial governments’ billions of dollars in levies and development fees on new construction, and ... More


Rise in bond yields could send fixed mortgage rates higher, experts say

1/18/2024 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say. ... More


'A buyers' market with no buyers': CIBC economist on housing market

12/13/2023 | Posted in Canadian Housing Market by Jessi Sandhu

cibc-office-250.jpg - Real Estate News Some home sellers are struggling to find buyers amid high mortgage costs, according to an economist who says Canada’s housing market is in the midst of “a very healthy ... More


Latest in Mortgage News: OSFI leaves stress test rate unchanged

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

osfi-94.jpg - Real Estate News Canada’s banking regulator confirmed it will leave the mortgage stress test for uninsured mortgages unchanged. ... More


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

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

mortgages-475.jpg - Real Estate News 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 outstanding ... More


Latest in mortgage news: Mortgage rates keep surging higher

9/29/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

market-reports-on-business-271.jpg - Real Estate News Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise. ... More


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

debt-stress-frustration-98.jpg - Real Estate News 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


Investors have increased their share of mortgaged homebuyers

9/12/2023 | Posted in Real Estate Investments by Jessi Sandhu

business-close-up-hand-269.jpg - Real Estate News Investors in Canada’s residential real estate market accounted for a larger share of mortgaged purchases than repeat homebuyers in recent years despite rising interest ... More


OSFI seeks to address problem of fixed-payment variable-rate mortgages

9/8/2023 | Posted in Home Buyers by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that ... More


No end in sight to housing affordability crisis, says BMO's Guatieri

8/28/2023 | Posted in Canadian Housing Market by Jessi Sandhu

couple-browsing-for-homes-444.jpg - Real Estate News The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst. ... More


Canada's mortgage stress test: Obsolete or still doing its job?

8/14/2023 | Posted in Home Buyers by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Originally introduced to mitigate borrower default risks in the event of rising interest rates, some brokers now argue that Canada’s mortgage stress test is no longer needed ... More


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

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

mortgage-application-form-247.jpg - Real Estate News The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise. ... More


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

couple-managing-debt-449.jpg - Real Estate News 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 higher ... More


Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

7/12/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of ... More


Fixed mortgage rates surge again, pushing rates under 5% to the brink

6/16/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Fixed mortgage rates are once again on the rise, with rates under 5% quickly becoming a distant memory. ... More


Demand grows in Canada for short-term fixed-rate mortgages

5/17/2023 | Posted in Home Buyers by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News A string of aggressive interest rate hikes from the Bank of Canada is driving short-term fixed-rate mortgage demand higher, according to a new survey. ... More


Lenders - including some big banks -are hiking fixed mortgage rates again

5/29/2023 | Posted in Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. ... 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


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


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


Drive until you qualify

2/10/2020 | Posted in GTA Real Estate by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ... More


Five Things Every New Condo Buyer Should Know

1/3/2020 | Posted in Home Buyers by Jessi Sandhu

realtor-showing-home-452.jpg - Real Estate News Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer. ... More


Owning a home is a pipedream for many Canadian millennials

12/13/2019 | Posted in Home Buyers by Jessi Sandhu

couple-browsing-for-homes-444.jpg - Real Estate News Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey. ... More


Canada is a nation of movers

11/25/2019 | Posted in Canadian Housing Market by Jessi Sandhu

young-family-moving-in-a-new-home-451.jpg - Real Estate News Canadians are satisfied with their homes and neighbourhoods but will probably not stay put according to a new survey. ... More


More Fed cuts expected to push Canadian interest rates lower

9/19/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

us--canada-121.jpg - Real Estate News Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ... More


Soaring House Prices Could Return As Interest Rates Head To Zero: BMO

8/10/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

couple-outside-sold-home-268.jpg - Real Estate News The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes. ... More


Canadian mortgage borrowers have a 'rare opportunity'

9/6/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ... 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


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