7/14/2021 | Posted in Mortgage Interest Rates by Michael Antczak
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The Bank of Canada has announced in its July statement that it will hold its target for the overnight rate at the effective lower bound of 0.25%, staying the course on its ... More

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  7/9/2021 | Posted in Canadian Housing Market by Michael Antczak
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A growing number of Canadians, particularly renters, are planning to buy a home in the next 12 months amid the national economy’s steady recovery, according to a new ... More

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  6/27/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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Low mortgage rates are allowing borrowers to pay off their mortgages faster than ever. ... More

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  6/19/2021 | Posted in Financial Health by Michael Antczak
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Canadians now owe almost $2 trillion in mortgage and home equity line of credit debt combined ... More

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  6/8/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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A surge in mortgage borrowing is pushing consumer debt loads higher in Canada despite falling credit card use, as households plow more money into their homes while spending less ... More

Real Estate & Mortgage News

  5/19/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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The Bank of Canada may have to adjust its view of its long-term neutral policy rate once a torrent of pent-up household savings is unleashed once pandemic restrictions are eased ... More

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  5/6/2021 | Posted in Home Buyers by Michael Antczak
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Whether you’re starting your home search or you just bid on the place of your dreams, getting denied for a mortgage will stop you cold. ... More

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  5/1/2021 | Posted in Mortgage Advice by Michael Antczak
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Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. ... More

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  4/30/2021 | Posted in Home Buyers by Michael Antczak
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Effective June 1, the federal mortgage stress test increases to 5.25 per cent, or about four times higher than what major lenders are actually charging ... More

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  4/20/2021 | Posted in First Time Home Buyers by Michael Antczak
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The ongoing surge in home prices across the country is discouraging a large number of young non-homeowners, many of whom say they’re giving up on the dream of homeownership ... More

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  4/19/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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The pace of mortgage borrowing continued to slow in February, according to data from Statistics Canada. ... More

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  4/11/2021 | Posted in Mortgage Interest Rates by Michael Antczak
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With the lowest rates for five-year fixed mortgage products in Canada having risen last month for the first time since January 2020, speculation began to mount in the mortgage ... More

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  3/30/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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The national mortgage debt balance hit a new record high of $1.65 trillion in Q4 2020, according to data from Statistics Canada. ... More

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  3/25/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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As many as 14% of millennials said that they have not been entirely truthful on a previous credit or loan application, compared to the national average of 7%, according to a ... More

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  3/17/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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Non-bank lenders have seen the rate of arrears on insured mortgages go roughly 50% higher than their uninsured counterparts, according to data from Statistics Canada. ... More

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  3/11/2021 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023. ... More

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  3/10/2021 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus campaign. ... More

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  3/8/2021 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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Investors see rising chances that the Bank of Canada would hike interest rates next year as the economic outlook improves, but the central bank is likely to push back against ... More

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  3/3/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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Canadian mortgage rates are beginning to inch higher for the first time since before the COVID-19 crisis, reflecting the spike in long-term bond yields, but with home loans still ... More

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  3/1/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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CIBC Deputy Chief Economist Benjamin Tal said many Canadians aren’t prepared for a shock to their mortgage rates as a result of volatility in the bond market. ... More

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  2/25/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but CMHC says the risk of these borrowers falling into arrears could ... More

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  2/2/2021 | Posted in Mortgage Interest Rates by Michael Antczak
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While Canada’s economy recorded its largest-ever annual drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of ... More

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  2/2/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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Lenders "have never seen as many as they have now". ... More

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  1/27/2021 | Posted in Home Buyers by Michael Antczak
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Plan ahead when buying a home to save yourself time and stress. ... More

Real Estate & Mortgage News

  1/20/2021 | Posted in Mortgage Interest Rates by Michael Antczak
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In its latest policy announcement today, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5% percent and ... More

Real Estate & Mortgage News

  1/20/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan. ... More

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  1/19/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer. ... More

Real Estate & Mortgage News

  1/7/2021 | Posted in Mortgage Interest Rates by Michael Antczak
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The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast. ... More

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  1/5/2021 | Posted in Mortgages and Real Estate by Michael Antczak
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For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead. ... More

Real Estate & Mortgage News