2/5/2024 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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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
7/7/2023 | Posted in Interest Rates by Michael Antczak
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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
4/30/2020 | Posted in Canadian HELOC by Michael Antczak
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Canadian banks may clamp down on HELOCs to reduce the risk of spikes in sour loans, which the banks are already bracing for ... More
4/17/2020 | Posted in Mortgages and Real Estate by Michael Antczak
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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
3/17/2020 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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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
2/27/2020 | Posted in Mortgages and Real Estate by Michael Antczak
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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
1/8/2020 | Posted in Mortgages and Real Estate by Michael Antczak
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6/6/2019 | Posted in GTA Real Estate by Michael Antczak
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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
4/29/2019 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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Canadians now owe an average of $1.79 for every dollar of disposable income. ... More
3/12/2019 | Posted in Canadian Housing Market by Michael Antczak
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Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate. ... More
2/5/2019 | Posted in Mortgages and Real Estate by Michael Antczak
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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
12/14/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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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
9/6/2018 | Posted in Canadian Economy and Housing Market by Michael Antczak
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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
3/12/2018 | Posted in Financial Health by Michael Antczak
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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
2/28/2018 | Posted in Financial Health by Michael Antczak
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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
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