Michael Antczak | Real Estate Sales Representative Serving Vaughan, Kleinburg | RE/MAX Premier Inc., Brokerage | Real Estate Mike for All Your Real Estate Needs

Mortgages and Real Estate News and Articles | My Blog

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Surge in uninsured mortgages 'no coincidence'

12/6/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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


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BoC flags risk from low-ratio mortgage loans

12/4/2017 | Posted in Mortgages and Real Estate by Michael Antczak

The Bank of Canada has released its latest assessment of the financial system and has once again highlighted risk from mortgages.

... More


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3 in 10 Canadians consider themselves debt-free while carrying a mortgage

11/24/2017 | Posted in Mortgages and Real Estate by Michael Antczak

More than half of Canadians say they have good knowledge of debt management, yet many Canadians who hold a mortgage don’t believe they’re in debt at all.

... More


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Market vulnerability varies across Canada

11/19/2017 | Posted in Mortgages and Real Estate by Michael Antczak

It will be more difficult to qualify for a mortgage in 2018, with experts saying it will slow the growth of housing in Canada.

... More


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CMHC takes aim at shadow lenders amid rising debt levels

11/16/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Canada’s housing agency is seeking more data on home loans from shadow lenders, amid concern rising levels of debt aren’t being adequately tracked and may increase ... More


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OSFI rule changes may lead to spike in reverse mortgages

11/14/2017 | Posted in Mortgages and Real Estate by Michael Antczak

With the expectation that first-time homebuyers will be shuttered out of the housing market, thereby reducing the number of people to whom seniors can sell their homes, reverse ... More


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OSFI says stress test, lending rule changes will start Jan 1, 2018 - Industry Reactions

10/18/2017 | Posted in Mortgages and Real Estate by Michael Antczak

OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply. 

... More


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Proposed mortgage stress test unnecessary and harmful: Fraser Institute

10/11/2017 | Posted in Mortgages and Real Estate by Michael Antczak

A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday.

... More


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8 in 10 mortgage holders have high credit scores

10/2/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Individuals who take out a mortgage tend to have higher credit scores, according to a recent report by the Canada Mortgage Housing Corporation.

... More


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BoC Rate Increase got Consumers Worried

9/29/2017 | Posted in Mortgages and Real Estate by Michael Antczak

The latest poll by Forum Research Inc., which was conducted right after the Bank of Canada’s decision to increase its benchmark overnight rate to 1% earlier this month, ... More


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Buyers to face even greater hurdles

9/19/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Last year’s mortgage rule changes placed roadblocks in front of millions of would-be buyers, but increased rates and future regulatory action may prove even more ... More


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Insured mortgage market has decreased: CMHC

8/30/2017 | Posted in Mortgages and Real Estate by Michael Antczak

The market for insured mortgages has decreased due to new regulations introduced at the end of 2016.

... More


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Mortgage rule changes are cooling housing market: Morneau

8/22/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Finance Minister Bill Morneau says last October’s sweeping mortgage rule changes aimed at cooling Canada’s housing market have successfully dampened high-risk ... More


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The darker side of low rates

8/22/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Canadians have qualified for much larger mortgages over the past two decades due to record-low interest rates, and that has impacted affordability according to the Fraser ... More


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New mortgage data released by CMHC

8/14/2017 | Posted in Mortgages and Real Estate by Michael Antczak

New mortgages continue to grow in Canada, according to a new report. There were just over 1 million new mortgage loans funded in Canada last year — up 1.4% ... More


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Risk sharing could be negative for housing, mortgage market

7/31/2017 | Posted in Mortgages and Real Estate by Michael Antczak

If the federal government forces mortgage lenders to carry more of the risk for delinquencies it could have a negative impact on the housing market and lead to an increase in ... More


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Stress tests are driving some to riskier lending

7/12/2017 | Posted in Mortgages and Real Estate by Michael Antczak

The stress tests on mortgages, introduced last fall by the federal government, is pushing some homebuyers into uninsured lending options.

... More


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Homeowners worried over rate hike advised to lock in mortgages - experts

6/22/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates ... More


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Looming rate hikes seen dousing Canadian consumers, housing market

6/19/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Looming rate hikes by the Bank of Canada will put financial stress on indebted Canadians and potentially exacerbate a slowdown in the nation's long housing boom, credit ... More


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