12/14/2018 | Posted in Mortgage Interest Rates by Michael Antczak
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Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ... More

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  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

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  12/7/2018 | Posted in Canadian Economy and Housing Market by Michael Antczak
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Rising interest rates and new mortgage rules have finally forced an end to years of rapid lending, according to the latest data from Bank of Canada. ... More

Real Estate & Mortgage News

  12/6/2018 | Posted in Mortgage Interest Rates by Michael Antczak
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If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed. ... More

Real Estate & Mortgage News

  11/30/2018 | Posted in Home Buyers by Michael Antczak
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CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers. ... More

Real Estate & Mortgage News

  11/30/2018 | Posted in Mortgage Interest Rates by Michael Antczak
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The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council. ... More

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  11/25/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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The main reason that 15% of Canadian homeowners refinanced their homes was to consolidate debt. ... More

Real Estate & Mortgage News

  11/14/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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The bank says stress tests and higher interest rates have reduced the share of new high-leverage, insured loans to six per cent from 20 per cent in late 2016. ... More

Real Estate & Mortgage News

  11/6/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More

Real Estate & Mortgage News

  11/5/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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Updated numbers from the Bank of Canada showed that the balance of insured mortgage debt suffered its largest decline in history. ... More

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  11/2/2018 | Posted in Canadian Economy and Housing Market by Michael Antczak
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The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017. ... More

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  10/5/2018 | Posted in Mortgage Interest Rates by Michael Antczak
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Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC. ... More

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  10/4/2018 | Posted in Home Buyers by Michael Antczak
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CMHC’s new guidelines that make it easier for self-employed borrowers to qualify for a mortgage came into effect on Oct 1. ... More

Real Estate & Mortgage News

  9/20/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your ... More

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  9/13/2018 | Posted in Real Estate News by Michael Antczak
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Canada’s mortgage industry saw slowing growth in the second quarter of 2018 as stress tests and rising interest rates made an impact. ... More

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  8/15/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC. ... More

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  7/16/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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Canadians divided, even as interest rates appear set to rise according to a recent CIBC poll. ... More

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  7/12/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well. ... More

Real Estate & Mortgage News

  7/11/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ... More

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  6/26/2018 | Posted in GTA News by Michael Antczak
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A recent analysis showed the waning popularity of traditional mortgages among would-be home buyers in the Greater Toronto Area, with originations of traditional lenders (such as ... More

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  6/14/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ... More

Real Estate & Mortgage News

  5/30/2018 | Posted in Mortgage Interest Rates by Michael Antczak
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The Bank of Canada kept its key interest rate target on hold Wednesday but hinted that rate hikes could be coming as it noted the Canadian economy was a little stronger than ... More

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  5/28/2018 | Posted in Mortgage Interest Rates by Michael Antczak
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Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving Canadian ... More

Real Estate & Mortgage News

  5/16/2018 | Posted in Home Buyers by Michael Antczak
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year mortgage ... More

Real Estate & Mortgage News

  5/14/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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Despite rising interest and qualifying rates, the luxury sector of the housing market should remain largely unaffected. ... More

Real Estate & Mortgage News

  5/9/2018 | Posted in Home Buyers by Michael Antczak
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The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers’ ... More

Real Estate & Mortgage News

  4/27/2018 | Posted in Mortgage Interest Rates by Michael Antczak
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Two of Canada's biggest banks are raising their benchmark rates for five-year, fixed-rate mortgages. ... More

Real Estate & Mortgage News

  4/27/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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Latest data from Statistics Canada showed that mortgage interest costs increased by 2.8% in March, representing the biggest rise since April 2009. ... More

Real Estate & Mortgage News

  4/18/2018 | Posted in Mortgage Interest Rates by Michael Antczak
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The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of moderating growth. ... More

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