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

OSFI's stress test change sparks industry confusion

11/29/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

couple-managing-debt-449.jpg - Real Estate News Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most ... More


Canada's mortgage renewal wall: A 'headwind' but not a crisis

11/14/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

bank-of-montreal--bmo-456.jpg - Real Estate News BMO economist predicts homeowners can absorb higher mortgage rates ... More


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

mortgages-475.jpg - Real Estate News 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 Wednesday, ... More


Bank of Canada cuts key interest rate to 4.5% with hints of more to come

7/24/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle. ... More


Where are the most mortgage-free homeowners in Canada?

5/30/2024 | Posted in Home Owners by Jessi Sandhu

home-buyers---client-handshake-130.jpg - Real Estate News A recent study on Statistics Canada data shines light on trend ... More


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

couple-outside-sold-home-268.jpg - Real Estate News 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


OSFI announces new stress test for uninsured mortgages

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

mortgages-475.jpg - Real Estate News Canadian regulator cracks down on high-debt mortgages to protect borrowers ... More


Is it time for aggressive rate cuts?

3/19/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-report-ideas-275.jpg - Real Estate News 'I hope they're not tepid,' says expert about BoC's upcoming decisions ... More


B.C., Ontario mortgage-holders increasingly missed payments in Q4, Equifax says

3/5/2024 | Posted in Financial Health by Jessi Sandhu

senior-couple-calculating--taxes--debt-462.jpg - Real Estate News Equifax Canada says consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023. ... More


There's a common theme among Canadians overwhelmed by debt

2/6/2024 | Posted in Financial Health by Jessi Sandhu

debt-payment-463.jpg - Real Estate News Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them. ... More


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

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

mortgages-475.jpg - Real Estate News 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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