Jessi Sandhu - Your Brampton Real Estate Agent
Stress Test News and Articles | My Blog

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


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


Toronto House Prices Jump By $130,000 In A Year

3/6/2020 | Posted in Toronto Real Estate by Jessi Sandhu

toronto-downtown-view-450.jpg - Real Estate News Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'. And now the Bank of Canada is putting "kerosene on the fire" with ... More


Changing the stress test may raise credit risk for banks says Fitch

2/27/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

housing-market-concept-image-262.jpg - Real Estate News The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More


Morneau unveils new insured mortgage stress test rate

2/18/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Ottawa changing stress test rate for insured mortgages starting April 6. ... 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


Focus on housing supply, not the mortgage stress test, says Scotiabank CEO

2/5/2020 | Posted in Canadian Housing Market by Jessi Sandhu

single-house-new-build-framing-313.jpg - Real Estate News The chief executive of the Bank of Nova Scotia says Canada’s housing market needs more supply, not a major change to the mortgage stress test. ... 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


Mortgage stress tests boosted Canada's financial stability: CMHC

11/6/2019 | Posted in Canadian Housing Market by Jessi Sandhu

home-purchase-contract-441.jpg - Real Estate News Tighter mortgage regulations are making Canada’s housing market less risky, according to the government agency responsible for its oversight. ... More


Mortgage Stress Test Sidelining Young Buyers

8/24/2019 | Posted in Home Buyers by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests. ... More


Central bank qualifying rate used in mortgage stress tests falls

7/21/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years. ... More


OREA calls for relaxed mortgage rules

7/18/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp. ... More


Regulator defends mortgage stress test in face of pushback from industry

6/11/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices. ... More


IMF urges Canada not to change policy despite calls to ease mortgage stress test

5/22/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

sold-home-for-sale-260.jpg - Real Estate News Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ... More


Scrapping Mortgage Rules Would Boost Canadian Home Prices, TD Says

5/1/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

business-report-ideas-275.jpg - Real Estate News The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than expected, ... More


GTA REALTORS® Release March 2019 Stats

4/3/2019 | Posted in GTA Real Estate by Jessi Sandhu

treb-news-8.jpg - Real Estate News Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB's MLS® System in March ... More


GTA home sales flat in March while prices edge up and listings fall

4/3/2019 | Posted in GTA Real Estate by Jessi Sandhu

handing-over-keys-to-home-buyers-124.jpg - Real Estate News A flattened real estate market in the Greater Toronto Area has the region's real estate board again calling for revisions to stricter mortgage stress tests. ... More


4 Alarming Records

3/12/2019 | Posted in Canadian Housing Market by Jessi Sandhu

market-reports-on-business-271.jpg - Real Estate News Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate. ... More


Canadian Housing Market This Bad Normally Means Recession: BMO

3/10/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

real-estate-market-growth-125.jpg - Real Estate News Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says. ... More


Canadian Rental Rates Rise At Fastest Pace In 30 Years

3/3/2019 | Posted in Canadian Housing Market by Jessi Sandhu

own-or-rent-sign-120.jpg - Real Estate News The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data. ... More


Rates Up, Prices Down, Stress Test Effects across Canada

2/27/2019 | Posted in Canadian Housing Market by Jessi Sandhu

home-buying-financing-concept-261.jpg - Real Estate News Here's what it takes to buy an average-priced home in Canada's major cities — and how choosing a 30-year mortgage would change that. ... More


Stress test is already obsolete

2/22/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head. ... More


Canada's housing market still 'vulnerable' even as Toronto valuations cool, says CMHC

2/8/2019 | Posted in Canadian Housing Market by Jessi Sandhu

sold-home-for-sale-260.jpg - Real Estate News The country’s overall real estate market remains “vulnerable” despite an easing in overvaluation in cities like Toronto and Victoria in the third quarter, ... More


Regulator OSFI opens door to easing Canadian mortgage rules

2/6/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that ... More


Impact of tighter rules, interest rates greater than anticipated

2/1/2019 | Posted in Canadian Housing Market by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News The Bank of Canada has admitted that the economic impact of strict mortgage regulations, local housing restrictions, and the upward trend in interest rates was more serious than ... More


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