9/22/2024 | Posted in Mortgages and Real Estate by Joan Beal
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As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost?

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Real Estate & Mortgage News

  5/30/2024 | Posted in Home Owners by Joan Beal
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A recent study on Statistics Canada data shines light on trend

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  3/13/2024 | Posted in Mortgages and Real Estate by Joan Beal
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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

Real Estate & Mortgage News

  12/11/2023 | Posted in Mortgages and Real Estate by Joan Beal
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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

Real Estate & Mortgage News

  11/9/2023 | Posted in Mortgages and Real Estate by Joan Beal
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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages ... More

Real Estate & Mortgage News

  7/26/2023 | Posted in Mortgages and Real Estate by Joan Beal
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The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise.

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Real Estate & Mortgage News

  6/27/2023 | Posted in Mortgages and Real Estate by Joan Beal
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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

Real Estate & Mortgage News

  6/24/2023 | Posted in Mortgage Interest Rates by Joan Beal
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Mortgage lenders, including most of the big banks, have continued to hike their fixed mortgage rates following the recent surge in Government of Canada bond yields, which are ... More

Real Estate & Mortgage News

  5/29/2023 | Posted in Interest Rates by Joan Beal
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The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks.

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Real Estate & Mortgage News

  4/4/2020 | Posted in Mortgages and Real Estate by Joan Beal
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Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic ... More

Real Estate & Mortgage News

  3/31/2020 | Posted in Mortgage Interest Rates by Joan Beal
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.

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Real Estate & Mortgage News

  3/2/2020 | Posted in Canadian Economy and Interest Rates by Joan Beal
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark ... More

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  1/29/2020 | Posted in Mortgage Interest Rates by Joan Beal
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down

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  1/22/2020 | Posted in Mortgages and Real Estate by Joan Beal
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The current lending rules in Canada are geared towards shorter-mortgage terms

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  1/17/2020 | Posted in Mortgages and Real Estate by Joan Beal
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics.

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Real Estate & Mortgage News

  11/22/2019 | Posted in Canadian Housing Market by Joan Beal
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Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ... More

Real Estate & Mortgage News

  10/21/2019 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The cost of living was higher across many products and services in September.

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Real Estate & Mortgage News

  10/10/2019 | Posted in Mortgages and Real Estate by Joan Beal
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s ... More

Real Estate & Mortgage News

  9/19/2019 | Posted in Mortgages and Real Estate by Joan Beal
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.

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Real Estate & Mortgage News

  7/28/2019 | Posted in Mortgages and Real Estate by Joan Beal
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate.

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Real Estate & Mortgage News

  7/18/2019 | Posted in Mortgage Interest Rates by Joan Beal
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived.

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Real Estate & Mortgage News

  7/17/2019 | Posted in Mortgages and Real Estate by Joan Beal
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgage Interest Rates by Joan Beal
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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.

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Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgages and Real Estate by Joan Beal
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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.

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Real Estate & Mortgage News

  5/9/2019 | Posted in Mortgages and Real Estate by Joan Beal
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Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More

Real Estate & Mortgage News

  5/6/2019 | Posted in Canadian Economy and Interest Rates by Joan Beal
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason.

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Real Estate & Mortgage News

  3/15/2019 | Posted in Interest Rates by Joan Beal
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The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More

Real Estate & Mortgage News
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