Jessi Sandhu - Your Brampton Real Estate Agent
Mortgages and Real Estate News and Articles | My Blog
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Bank of Canada says changes to mortgage structure will not resolve housing affordability

11/6/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada's housing affordability cannot be resolved by changing the country's unique mortgage structure, the Bank of Canada's Senior Deputy Governor said on ... More


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CMHC says risks remain in mortgage market as delinquencies creep up

11/4/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More


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Canadian homeowners consider switch to variable rate mortgages after big rate cut

10/24/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

More Canadian homeowners are considering switching to variable rate from fixed rate mortgages after an unusually large interest rate cut by the central bank on Wednesday, ... More


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Rate drops help boost housing affordability: RBC

10/9/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

Interest rate cuts by the Bank of Canada in recent months have helped reduce ownership costs for homeowners and buyers and bring about a slight improvement in the overall ... More


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Is breaking your mortgage for a lower rate worth the prepayment penalty?

9/22/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost?

... More


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Supply in Canada's property market surges as mortgage renewals loom

7/17/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

With many Canadian homeowners facing a sharp rise in mortgage payments, many of them have decided to bail, resulting in the highest number of Toronto housing units for sale in ... More


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Interest rate cut hasn't led to rush of homebuyer demand yet: Royal LePage report

7/11/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada’s quarter-point cut to its key interest ... More


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Bank of Canada officials worry that rate cuts may overheat the housing market

6/19/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially ... More


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Bank of Canada considered waiting until July to cut interest rates

6/19/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ... More


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Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

5/29/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More


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

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

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 ... More


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OSFI announces new stress test for uninsured mortgages

4/16/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canadian regulator cracks down on high-debt mortgages to protect borrowers

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

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

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


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Under-35 households lead the way in reducing mortgage debt, StatCan reports

1/25/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.

... More


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2024 housing market and interest rate forecasts

12/27/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

As we look back at the year that was, we can say 2023 was a year that tested the resilience of Canadian mortgage holders. And as we look forward, there’s optimism that ... More


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Latest in Mortgage News: OSFI leaves stress test rate unchanged

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

Canada’s banking regulator confirmed it will leave the mortgage stress test for uninsured mortgages unchanged.

... More


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

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

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


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Overview of housing initiatives in the government's Fall Economic Statement

11/21/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

From a crackdown to short-term rentals to new investments to create more housing supply, the federal government made housing a key component of its Fall Economic Statement ... More


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Mortgage activity down 25% from 2022 and fixed rates remain top choice, stats show

11/23/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.

... More


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Mortgage market risks rising in high-rate environment: CMHC

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

Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon

... More


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