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

Mortgage market risks rising in high-rate environment: CMHC

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

home-value-increase-443.jpg - Real Estate News Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon ... More


Most Canadian mortgage holders facing big payment shock: RBC

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

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


Ontario legal experts pushing to close loophole that allows scammers to mortgage homes without victims' knowledge

10/18/2023 | Posted in Home Owners by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News Police forces and legal experts in Ontario are pushing for the provincial government to make legislative changes that would reduce elaborate fraud scams targeting homeowners. ... More


Fixed mortgage rates expected to surge as bond yields reach 16-year high

9/22/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

home-purchase-contract-441.jpg - Real Estate News Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high. ... More


Fixed rates back as top mortgage product of choice: National Bank

8/23/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon. ... More


How risky is it to extend Canadian mortgage amortizations?

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

financial-markets-report-272.jpg - Real Estate News 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


Bank of Canada likely to hike again in July: TD

6/16/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News Central banks seek sweet spot between fighting inflation and sparking recession ... More


What the Bank of Canada rate cut means for mortgages

3/5/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

marketing-analysys-104.jpg - Real Estate News Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... 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


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


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


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

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


More homebuyers opted for variable rates in Q3 says CMHC

11/30/2018 | Posted in Home Buyers by Jessi Sandhu

real-estate-transaction--mortgage-application-134.jpg - Real Estate News CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers. ... More


No rate rise at least February suggests C.D. Howe Institute

11/30/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu

business-meeting-notes-105.jpg - Real Estate News The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council. ... More


The main reason Canadian homeowners refinance

11/25/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu

home-buying-financing-concept-261.jpg - Real Estate News The main reason that 15% of Canadian homeowners refinanced their homes was to consolidate debt. ... More


Mortgages Soar For Canadians In Their 80s, 90s

9/20/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu

senior-couple-55.jpg - Real Estate News 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 ... 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


Higher rates putting greater pressure on indebted Canadians

4/17/2018 | Posted in Financial Health by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Upward trend in rates would negatively impact Canadians' ability to service their debts. ... More


Longer amortizations and higher costs: Our mortgage outlook for 2018

12/25/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu

marketing-analysys-104.jpg - Real Estate News It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception. ... More


Surge in uninsured mortgages 'no coincidence'

12/6/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu

senior-couple-55.jpg - Real Estate News 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 ... More


Consumers Rush to Lock in Mortgage Rates ahead of Bank of Canada Rate Hikes

9/12/2017 | Posted in Mortgage News by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News 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 ... More


Refinancing is driver of new loans growth: CMHC

8/9/2017 | Posted in Mortgage News by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News 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 ... More


At Your Service

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and 'll get back to you promptly.