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

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  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 million ... More

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  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

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  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 limit ... More

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  4/28/2017 | Posted in Mortgage News by Michael Antczak
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The Ontario government will shift regulation of syndicated mortgage investment products to the Ontario Securities Commission in a move to toughen oversight of a rapidly growing ... More

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  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

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  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

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  11/17/2016 | Posted in Mortgage News by Michael Antczak
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Canada Mortgage and Housing Corp. says its stress testing shows it will be able to withstand even the most extreme economic scenarios. ... More

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  11/14/2016 | Posted in Mortgage News by Michael Antczak
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Homeowners could be facing mortgage insurance price increases next year according to the boss of Canada’s largest private mortgage insurer. ... More

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  10/11/2016 | Posted in Mortgage News by Michael Antczak
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The new mortgage rules being introduced by Ottawa next week are already having a “crippling” impact on non-bank mortgage lenders according to online broker Butler ... More

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  10/7/2016 | Posted in Mortgage News by Michael Antczak
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The dynamism of the Canadian mortgage market itself might be at risk due to the tighter regulations announced by Finance Minister Bill Morneau earlier this week, an observer ... More

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  10/7/2016 | Posted in Mortgage News by Michael Antczak
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Fully one-third of consumers would encounter difficulties in meeting the new debt service ratios as outlined by the tightened mortgage measures introduced by Finance Minister Bill ... More

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  9/27/2016 | Posted in Mortgage News by Michael Antczak
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Two major Canadian banks have closed a loophole that allowed new Canadians here for less than five years to bypass income verification when purchasing a home. ... More

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  9/14/2016 | Posted in Mortgage News 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

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  9/12/2016 | Posted in Mortgage News by Michael Antczak
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Canada’s financial regulator released proposed new mortgage rules that could see the country’s lenders hold more capital to offset risks. ... More

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  8/16/2016 | Posted in Mortgage News by Michael Antczak
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The federal government may require banks and other mortgage lenders to pay a deductible to protect taxpayers from risky hot housing markets. ... More

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  7/13/2016 | Posted in Mortgage News by Michael Antczak
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he Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit ... More

Real Estate & Mortgage News

  6/28/2016 | Posted in Mortgage News by Michael Antczak
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Rising house prices are increasing demand for mortgages with 30 year amortizations as buyers choose – or are forced by the cost – to spread their home loan over longer ... More

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  3/16/2016 | Posted in Mortgage News by Michael Antczak
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Mortgage lenders may have to pay a deductible to the CMHC for any claims made on loans the agency insures. ... More

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  11/6/2015 | Posted in Mortgage News by Michael Antczak
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New figures from one of Canada’s largest banks and mortgage lenders shows the continuing growth of household debt. RBC’s report reveals that total consumer debt is now ... More

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  11/2/2015 | Posted in Mortgage News by Michael Antczak
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The Royal Bank of Canada scrapped an internal limit on mortgage loan size for immigrants in the spring to tap into surging demand for financing on multi-million dollar houses by ... More

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  9/17/2015 | Posted in Mortgage News by Michael Antczak
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Canadian households are adding debt at an increasing pace and it’s being driven by mortgage which account for 80 per cent of the debt. CIBC says that it is not housing ... More

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  7/17/2015 | Posted in Mortgage News by Michael Antczak
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The federal government may be ready to take direct aim at Canada’s red-hot housing market, and is actively consulting on a move to increase the minimum down payment required ... More

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  6/30/2015 | Posted in Mortgage News by Michael Antczak
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Mortgage borrowing increased in May as low interest rates boosted sentiment. Bank of Canada figures show that total household debt was $1.835 trillion, up by 4.8 per cent ... More

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  5/30/2015 | Posted in Mortgage News by Michael Antczak
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Economists had all but given up on a further rate cut, but after a look at Friday’s dismal GDP data, many figure the Bank of Canada might opt for a bit more ... More

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  5/29/2015 | Posted in Mortgage News by Michael Antczak
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Canada’s national housing agency says it’s now insuring a record low 50 per cent of new residential mortgages, and it doesn’t intend to let it drop any further. ... More

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  4/15/2015 | Posted in Mortgage News by Michael Antczak
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The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is ... More

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  1/21/2015 | Posted in Mortgage News by Michael Antczak
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OTTAWA - Bank of Canada governor Stephen Poloz says the economy has been suffering from the effects of an "oil shock," so he prescribed a remedy: an unexpected interest ... More

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