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Mortgage Industry News and Articles | My Blog

Odds of a rate hike just went up as Canada's growth wows economists

9/1/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The economy is growing at the fastest pace in 15 years and that has some analysts changing their calls for a Bank of Canada hike from October to next week.

... More


Insured mortgage market has decreased: CMHC

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

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

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Interest rates to hit 1.75% by summer 2019

8/16/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The latest forecast from CIBC Capital Markets is for Canadian interest rates to increase again in December this year.

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New mortgage data released by CMHC

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

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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


Refinancing is driver of new loans growth: CMHC

8/9/2017 | Posted in Mortgage News by Michael Antczak

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The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 ... More


Risk sharing could be negative for housing, mortgage market

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

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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


Stress tests are driving some to riskier lending

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

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

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Proposed mortgage rules aim to reduce financial risk in Canada's hot housing markets

7/7/2017 | Posted in Mortgage News by Michael Antczak

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New rules proposed by the federal government to curb financial risks associated with the country's hot housing markets could make it more difficult to secure a ... More


Canada's central bank acts to defuse housing market threat

6/15/2017 | Posted in Mortgage News by Michael Antczak

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Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least ... More


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

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

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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


CMHC insurance volumes plunged 41% after mortgage rules tightened

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

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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.

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A 10% hike to mortgage payments would sink almost 3 quarters of homeowners, Manulife says

5/25/2017 | Posted in Financial Health by Michael Antczak

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Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from ... More


Prepare for multi-point interest rate rise

5/5/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Mortgage borrowers should be prepared for a rise in interest rates which could mean a 2.5 per cent rise by 2021 says Desjardins.

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Home Capital crisis might precipitate mortgage rates hikes

5/3/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The current troubles of Home Capital Group might lead to higher mortgage rates for less credit-worthy borrowers if concerns about the sector trigger an increase in funding ... More


Mortgage rates continue to defy expectations as Trump runup fizzles

4/28/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Here’s the least surprising news you’ll hear all day: Interest rates are not doing what most experts predicted.

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Regulator launches broker database

4/4/2017 | Posted in Home Buyers by Michael Antczak

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Homebuyers can now view their potential broker’s regulatory record in a now online portal, which allows consumers to search broker and company names to view disciplinary ... More


US Federal Reserve hikes key interest rate to twice that of Canada's

3/15/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Federal Reserve has raised its benchmark interest rate for the second time in three months and signalled that any further hikes this year will be gradual. Higher rates ... More


CMHC mortgage insurance hike scheduled for this month

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

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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


Canada's banks are pushing back against taking on more mortgage risk

3/1/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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Canada's financial industry is urging Ottawa to consider alternatives to proposals that could require them to take on a greater share of mortgage defaults — calling ... More


Bank of Canada announces rate

3/1/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada is holding its trend-setting interest rate at 0.5 per cent but it's keeping a watchful eye on "significant uncertainties'' that it warns ... More


Mortgage rates to remain low for the first half of 2017

2/24/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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In the wake of its report on the unsustainability of the Canadian housing market, Fitch Ratings predicted that mortgage rates will remain at record-low levels for the first six ... More


Lending market to slow down noticeably in the next few years: CIBC

2/17/2017 | Posted in Mortgage News by Michael Antczak

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The Canadian lending market will enter a period of relative cooling in the next few years as far-reaching changes to mortgage rules finally begin to make themselves felt, ... More


Variable-rate mortgages becoming more important to the market

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

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The gap between the number of borrowers going for fixed and variable rates has become larger recently, pointing to the increasingly important role that variable-rate mortgages ... More


Bank of Canada announces rate

1/18/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada is holding its benchmark interest rate at 0.5 per cent and providing a deeper assessment of the risks associated with the big economic unknowns of a Trump ... More


Bundles of debt: how lenders sidestep Canada's mortgage rules

1/18/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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Canada's subprime mortgage providers are increasingly teaming up with unregulated rivals to sidestep rules designed to clamp down on risky lending.

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U.S. Fed rate hike will spill over the border

12/16/2016 | Posted in Mortgage Interest Rates by Michael Antczak

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Any move by the U.S. Federal Reserve will have a noticeable impact on the Canadian financial system - and this is especially true for any fluctuation in the Fed’s ... More


Interest rates are about to rise south of the border and Canadians will feel it

12/12/2016 | Posted in Mortgage Interest Rates by Michael Antczak

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There are few certainties in life, but if the economists and experts who monitor the U.S. central bank are to believed, one of them is that the Federal Reserve is going to ... More


Bank of Canada maintains overnight rate target at 1/2 per cent

12/7/2016 | Posted in Mortgage News by Michael Antczak

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The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as economic conditions move along largely in line with its expectations.

... More


CMHC insured mortgages increase 26 per cent, home equity rises

11/30/2016 | Posted in Mortgages and Real Estate by Michael Antczak

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Canada Mortgage and Housing Corp., the Crown corporation that controls about half of the mortgage default insurance market in the country, continues to shrink its ... More


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