11/25/2024 | Posted in Mortgages and Real Estate by Marti Philp
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Effective Thursday, uninsured bank borrowers no longer need to show they can afford a higher rate when switching lenders. ... More
11/14/2024 | Posted in Mortgages and Real Estate by Marti Philp
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BMO economist predicts homeowners can absorb higher mortgage rates ... More
9/26/2024 | Posted in Home Owners by Marti Philp
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Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. ... More
8/13/2024 | Posted in Mortgage Advice by Marti Philp
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Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling stressed as they prepare for higher payments amid persistently elevated ... More
5/22/2024 | Posted in Mortgages and Real Estate by Marti Philp
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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 renew. ... More
12/11/2023 | Posted in Mortgages and Real Estate by Marti Philp
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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
11/15/2023 | Posted in Mortgages and Real Estate by Marti Philp
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Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon ... More
11/1/2023 | Posted in Canadian Economy and Interest Rates by Marti Philp
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Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is ... More
10/31/2023 | Posted in Mortgages and Real Estate by Marti Philp
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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
10/12/2023 | Posted in Home Owners by Marti Philp
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Canada’s banking regulator says the sustained increases in interest rates over the past 18 months have challenged some borrowers’ ability to pay and led to a ... More
10/7/2023 | Posted in Mortgages and Real Estate by Marti Philp
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Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated. ... More
9/29/2023 | Posted in Mortgage Interest Rates by Marti Philp
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Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise. ... More
8/23/2023 | Posted in Mortgage Interest Rates by Marti Philp
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Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon. ... More
6/27/2023 | Posted in Mortgages and Real Estate by Marti Philp
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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
6/22/2023 | Posted in Mortgages and Real Estate by Marti Philp
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While the pain of elevated interest rates is already hitting those with variable-rate mortgages, the sticker shock of higher payments might not be felt for a couple years among ... More
6/6/2023 | Posted in Interest Rates by Marti Philp
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After hitting pause on rates, growing speculation the bank is ready to hike again ... More
9/6/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ... More
6/17/2019 | Posted in Mortgages and Real Estate by Marti Philp
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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
6/11/2019 | Posted in Mortgage Interest Rates by Marti Philp
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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. ... More
12/14/2018 | Posted in Mortgages and Real Estate by Marti Philp
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New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender ... More
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