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Bank of Canada's Poloz boosts expectations for hike in first quarter

12/15/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada is increasingly confident the economy will need less stimulus over time, Governor Stephen Poloz said on Thursday in an end-of-year speech that boosted the ... 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


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


OSFI rule changes may lead to spike in reverse mortgages

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

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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


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


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


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


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.

... 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


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


Canada's economy accelerates, rate hike expectations grow

7/28/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Canada’s economy accelerated far more than expected in May amid growth in the energy and manufacturing sectors, pointing to solid momentum in the second quarter ... More


Now that the Bank of Canada has scratched the interest rate itch, get ready for more

7/24/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Many of the world's central bankers, including in Canada, had been stubbornly tied to low-for-longer interest-rate regimes following the recession. That time has ... More


Three big banks raise prime lending rates following rate hike from Bank of Canada

7/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Three of Canada's biggest banks are boosting their prime lending rates by 25 basis points, following an interest rate hike from the central bank.

... 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.

... More


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


U.S. Fed closing the door on low-rate mortgages in Canada

6/15/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The U.S. Federal Reserve raised its trend-setting interest rate on Wednesday for the third time in six months to the highest level since the global financial crisis hit in the ... 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


Bank of Canada says next move likely an interest rate hike

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

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The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian ... More


Forecasting the next rate increase

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

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The latest jobs performance could put pressure on the Bank of Canada to increase interest rates, according to one veteran.

... More


Mortgage rates ticking higher for subprime borrowers

6/8/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Rates at alternative lenders have increased by as much as 150 basis points since the start of April

... 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.

... More


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.

... More


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