Feds launch mortgage refinancing program to boost secondary suites and ease housing crunch
10/8/2024 | Posted in Government and Regulation by Jessi Sandhu
The federal government is rolling out another set of mortgage changes aimed at addressing the housing shortage, this time focusing on supporting the construction of secondary ...
More
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
Most Canadian mortgage holders facing big payment shock: RBC
10/31/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu
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
10/18/2023 | Posted in Home Owners by Jessi Sandhu
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
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
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
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
Central banks seek sweet spot between fighting inflation and sparking recession ...
More
Canada mortgage market crisis coming amid high rates?
6/13/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Could the prospect of persistently high rates spell trouble for the market’s stability? ...
More
What the Bank of Canada rate cut means for mortgages
3/5/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
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
Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ...
More
Mortgage market suffers 'extended chill' says Equifax
6/17/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ...
More
Canadian mortgage rates falling to their lowest level in 2 years
6/7/2019 | Posted in Interest Rates by Jessi Sandhu
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
5/6/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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
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
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
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
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
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
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
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
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
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
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
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.