10/5/2018 | Posted in Mortgage Interest Rates by Marti Philp
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Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC. ... More

Real Estate & Mortgage News

  10/4/2018 | Posted in Home Buyers by Marti Philp
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CMHC’s new guidelines that make it easier for self-employed borrowers to qualify for a mortgage came into effect on Oct 1. ... More

Real Estate & Mortgage News

  9/20/2018 | Posted in Mortgages and Real Estate by Marti Philp
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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

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  9/13/2018 | Posted in Real Estate News by Marti Philp
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Canada’s mortgage industry saw slowing growth in the second quarter of 2018 as stress tests and rising interest rates made an impact. ... More

Real Estate & Mortgage News

  8/15/2018 | Posted in Mortgages and Real Estate by Marti Philp
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There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC. ... More

Real Estate & Mortgage News

  7/16/2018 | Posted in Mortgages and Real Estate by Marti Philp
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Canadians divided, even as interest rates appear set to rise according to a recent CIBC poll. ... More

Real Estate & Mortgage News

  7/12/2018 | Posted in Mortgages and Real Estate by Marti Philp
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As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well. ... More

Real Estate & Mortgage News

  7/11/2018 | Posted in Mortgages and Real Estate by Marti Philp
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The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ... More

Real Estate & Mortgage News

  6/26/2018 | Posted in GTA News by Marti Philp
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A recent analysis showed the waning popularity of traditional mortgages among would-be home buyers in the Greater Toronto Area, with originations of traditional lenders (such as ... More

Real Estate & Mortgage News

  6/14/2018 | Posted in Mortgages and Real Estate by Marti Philp
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Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ... More

Real Estate & Mortgage News

  5/30/2018 | Posted in Mortgage Interest Rates by Marti Philp
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The Bank of Canada kept its key interest rate target on hold Wednesday but hinted that rate hikes could be coming as it noted the Canadian economy was a little stronger than ... More

Real Estate & Mortgage News

  5/28/2018 | Posted in Mortgage Interest Rates by Marti Philp
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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

Real Estate & Mortgage News

  5/16/2018 | Posted in Home Buyers by Marti Philp
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year mortgage ... More

Real Estate & Mortgage News

  5/14/2018 | Posted in Mortgages and Real Estate by Marti Philp
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Despite rising interest and qualifying rates, the luxury sector of the housing market should remain largely unaffected. ... More

Real Estate & Mortgage News

  5/9/2018 | Posted in Home Buyers by Marti Philp
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The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers’ ... More

Real Estate & Mortgage News

  4/27/2018 | Posted in Mortgage Interest Rates by Marti Philp
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Two of Canada's biggest banks are raising their benchmark rates for five-year, fixed-rate mortgages. ... More

Real Estate & Mortgage News

  4/27/2018 | Posted in Mortgages and Real Estate by Marti Philp
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Latest data from Statistics Canada showed that mortgage interest costs increased by 2.8% in March, representing the biggest rise since April 2009. ... More

Real Estate & Mortgage News

  4/18/2018 | Posted in Mortgage Interest Rates by Marti Philp
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The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of moderating growth. ... More

Real Estate & Mortgage News

  4/17/2018 | Posted in Financial Health by Marti Philp
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Upward trend in rates would negatively impact Canadians' ability to service their debts. ... More

Real Estate & Mortgage News

  3/23/2018 | Posted in Canadian Economy and Housing Market by Marti Philp
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Mortgage Consumers Brace Yourselves - Chances of a hike in May rose to 82% after the data came out today. ... More

Real Estate & Mortgage News

  3/19/2018 | Posted in Mortgages and Real Estate by Marti Philp
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Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to ... More

Real Estate & Mortgage News

  3/9/2018 | Posted in Mortgages and Real Estate by Marti Philp
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The impact of the tightened mortgage rules introduced at the start of the year appears to be rising according to a recent report from RBC. ... More

Real Estate & Mortgage News

  3/7/2018 | Posted in Mortgage Interest Rates by Marti Philp
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The Bank of Canada maintained its target for the overnight rate at 1 1/4 per cent as expected. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per ... More

Real Estate & Mortgage News

  1/25/2018 | Posted in Mortgages and Real Estate by Marti Philp
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The unprecedented rise in consumer debt means the Bank of Canada’s rate-hiking cycle is already the most severe in 20 years and further increases will have far graver ... More

Real Estate & Mortgage News

  1/19/2018 | Posted in Mortgages and Real Estate by Marti Philp
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The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders. ... More

Real Estate & Mortgage News

  1/15/2018 | Posted in Mortgage Interest Rates by Marti Philp
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If the Bank of Canada decides to increase interest rates this week it will pile further pressure on millions of already-struggling households, while some lenders are already ... More

Real Estate & Mortgage News

  1/8/2018 | Posted in Mortgages and Real Estate by Marti Philp
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Expectations of a tightening labour market in 2018 is helping fuel speculation that the Bank of Canada will raise its ... More

Real Estate & Mortgage News

  1/4/2018 | Posted in Mortgages and Real Estate by Marti Philp
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By all indications, 2017 has proven to be a tumultuous period in the mortgage and real estate spheres, but a markets observer argued that this year will offer a measure of respite ... More

Real Estate & Mortgage News

  12/25/2017 | Posted in Mortgages and Real Estate by Marti Philp
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It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception. ... More

Real Estate & Mortgage News

  12/8/2017 | Posted in Ontario Real Estate by Marti Philp
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With reduced buying power, house hunters will scoop these properties up ... More

Real Estate & Mortgage News