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

Bank Regulator in Canada Warns of Housing-Payment Shock by 2026

5/22/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew. ... More


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

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

mortgage-application-form-247.jpg - Real Estate News 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


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


Upcoming mortgage renewals part of why BoC held rate at 5 per cent: Macklem

11/1/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is ... 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


OSFI seeing a deterioration in credit quality, says borrowers to face challenges at renewal

10/12/2023 | Posted in Home Owners by Jessi Sandhu

senior-couple-calculating--taxes--debt-462.jpg - Real Estate News Canada’s banking regulator says the sustained increases in interest rates over the past 18 months have challenged some borrowers’ ability to pay and led to a ... More


Mortgage renewals could cause severe downturn

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

worried-businessman-346.jpg - Real Estate News Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated. ... 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


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


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

mortgages-475.jpg - Real Estate News 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


The Bank of Canada's 'conditional pause' on interest rates may be over - so brace for another hike soon

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

bank-of-canada-governor-481.jpg - Real Estate News After hitting pause on rates, growing speculation the bank is ready to hike again ... 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


More mortgage rate cuts could be coming for Canadian homebuyers

6/11/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ... 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


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