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

contract-real-estate-mortgage-102.jpg - Real Estate News

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


mortgage-cloud-44.jpg - Real Estate News

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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Mortgage delinquency rates low in Toronto, Vancouver despite high prices: CMHC

6/14/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices soaring, according to a new ... More


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Brace for a possible tax on speculative home purchases

6/14/2017 | Posted in Mortgages and Real Estate by Michael Antczak

The chief economist of the Canadian Real Estate Association says homeowners in the Greater Toronto Area should brace themselves for a possible tax on speculative home ... More


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Young Canadians still bullish on housing

6/13/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Millenials are confident in their financial future and in the housing market, according to a new study.

... More


mortgage-rates---interest-rates-48.jpg - Real Estate News

CMHC insurance volumes plunged 41% after mortgage rules tightened

5/30/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Canada's housing agency saw a sharp decline in the number of home buyers who qualified for mortgage insurance under tougher rules implemented last fall.

... More


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Mortgage premium hikes reduce case for borrowing to boost down payment

3/20/2017 | Posted in Mortgages and Real Estate by Michael Antczak

With mortgage insurance premiums rising, homebuyers whose down payments are just shy of 20 per cent may be considering whether to tap extra sources of credit in order to avoid ... More


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CMHC mortgage insurance hike scheduled for this month

3/8/2017 | Posted in Mortgages and Real Estate by Michael Antczak

The Canada Mortgage and Housing Corp. has announced that it will be implementing a hike on the premiums on its insured loans, with the increases calculated based on down ... More


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