2/5/2024 | Posted in Canadian Economy and Interest Rates by Michael Antczak
  SHARE

Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April. ... More

Real Estate & Mortgage News

  7/7/2023 | Posted in Interest Rates by Michael Antczak
  SHARE

All six of Canada’s main commercial lenders now expect the Bank of Canada to raise interest rates next week after the country’s labor market tripled expectations in ... More

Real Estate & Mortgage News

  4/30/2020 | Posted in Canadian HELOC by Michael Antczak
  SHARE

Canadian banks may clamp down on HELOCs to reduce the risk of spikes in sour loans, which the banks are already bracing for ... More

Real Estate & Mortgage News

  4/17/2020 | Posted in Mortgages and Real Estate by Michael Antczak
  SHARE

Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

Real Estate & Mortgage News

  3/17/2020 | Posted in Canadian Economy and Interest Rates by Michael Antczak
  SHARE

The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

Real Estate & Mortgage News

  2/27/2020 | Posted in Mortgages and Real Estate by Michael Antczak
  SHARE

The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More

Real Estate & Mortgage News

  1/8/2020 | Posted in Mortgages and Real Estate by Michael Antczak
  SHARE

Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More

Real Estate & Mortgage News

  6/6/2019 | Posted in GTA Real Estate by Michael Antczak
  SHARE

Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks. ... More

Real Estate & Mortgage News

  4/29/2019 | Posted in Canadian Economy and Interest Rates by Michael Antczak
  SHARE

Canadians now owe an average of $1.79 for every dollar of disposable income. ... More

Real Estate & Mortgage News

  3/12/2019 | Posted in Canadian Housing Market by Michael Antczak
  SHARE

Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate. ... More

Real Estate & Mortgage News

  2/5/2019 | Posted in Mortgages and Real Estate by Michael Antczak
  SHARE

Residential mortgage growth rose 3.1 per cent to $1.55 trillion in December from a year earlier, the slowest pace since May 2001, and half the growth rate from two years ago, ... More

Real Estate & Mortgage News

  12/14/2018 | Posted in Mortgages and Real Estate by Michael Antczak
  SHARE

New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender ... More

Real Estate & Mortgage News

  9/6/2018 | Posted in Canadian Economy and Housing Market by Michael Antczak
  SHARE

Moody's revises its outlook for the Canadian banking system to stable from negative, as the ratings company now sees the Canadian government less likely to ... More

Real Estate & Mortgage News

  3/12/2018 | Posted in Financial Health by Michael Antczak
  SHARE

Canadians' collective household debt has climbed to $1.8 trillion as Bank of International Settlements sounds an early warning that the country's banking system is at risk ... More

Real Estate & Mortgage News

  2/28/2018 | Posted in Financial Health by Michael Antczak
  SHARE

Evidence of mortgage fraud amid surging home prices and household debt has prompted S&P Global Ratings to lower a key risk metric for Canadian banks. ... More

Real Estate & Mortgage News
Ask Michael Antczak

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.