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In 2018, these homes will sell the fastest

12/8/2017 | Posted in Ontario Real Estate by Michael Antczak

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With reduced buying power, house hunters will scoop these properties up

... More


Surge in uninsured mortgages 'no coincidence'

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

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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


Bank of Canada announces rate

12/6/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada stuck with its trend-setting interest rate, but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way.

... More


BoC flags risk from low-ratio mortgage loans

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

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

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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

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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


CMHC takes aim at shadow lenders amid rising debt levels

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

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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


Bank of Canada holds rate, suggests more hikes likely at more cautious pace

10/25/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes but suggested future increases are still likely, albeit at a more gradual ... More


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

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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


Proposed mortgage stress test unnecessary and harmful: Fraser Institute

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

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

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Mortgage carrying costs for new buyers to increase by 8% in 2018

10/10/2017 | Posted in Home Buyers by Michael Antczak

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Amid steadily rising mortgage costs, prospective home buyers should brace themselves for a less friendly purchasing environment in a few months’ time, although current ... More


8 in 10 mortgage holders have high credit scores

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

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

... More


BoC Rate Increase got Consumers Worried

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

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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


Canada indebtedness to limit rate-increase room

9/28/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Bank of Canada Governor Stephen Poloz could pause monetary tightening this year over concerns about the impact of higher interest rates for consumers holding record debts, ... More


1 million Canadians would struggle with interest rate rise

9/24/2017 | Posted in Financial Health by Michael Antczak

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Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise.

... More


Canadian borrowing grows at its fastest pace since 2010: BoC

9/22/2017 | Posted in Financial Health by Michael Antczak

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Canadians’ appetite for borrowing does not appear to be waning any time soon, if the latest figures from the Bank of Canada are any indication.

... More


Buyers to face even greater hurdles

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

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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


Consumers Rush to Lock in Mortgage Rates ahead of Bank of Canada Rate Hikes

9/12/2017 | Posted in Mortgage News by Michael Antczak

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The number of Canadians who applied for a fixed-rate mortgage in August saw a substantial spike, with 59.31% of users on the LowestRates.ca website opting for a fixed-rate ... More


Bank of Canada Rate Increase - Consumer Impact

9/12/2017 | Posted in Financial Health by Michael Antczak

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Canadian consumers can expect to feel some financial effects following the Bank of Canada's decision to raise the key interest rate.

... More


Banks quickly follow BoC with rate hikes

9/7/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Canada’s big banks were quick to announce increases to their prime lending rates to 3.2% Wednesday.

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Bank of Canada Raises Benchmark Rate to 1%

9/6/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada forged ahead with another interest rate hike in a nod to the country’s surging economy, while signaling its appetite for further tightening may be ... More


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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Buyers work around mortgage stress test

8/22/2017 | Posted in Home Buyers by Michael Antczak

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A new report reveals Canadian sentiment about homebuying in Canada – including just how impactful the stress test might be.

... More


Mortgage rule changes are cooling housing market: Morneau

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

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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


Mortgage rate outlook

8/20/2017 | Posted in Mortgage Interest Rates by Michael Antczak

mortgage-rates---interest-rates-48.jpg - Real Estate News Mortgage rates are going up, according to a panel of experts. ... More


Canadian homebuyer power has doubled since the millennium

8/18/2017 | Posted in Home Buyers by Michael Antczak

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A prolonged regime of low-interest rates along with a steady trend of rising incomes have more than doubled the amount that Canadians are able ... More


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.

... More


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


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