3/20/2023 | Posted in Mortgage Interest Rates by Michael Antczak
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It took some time, but mortgage rates are now responding to last week’s plunge in bond yields stemming from fears about systemic financial risk in the U.S. and Europe. ... More

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  2/14/2023 | Posted in Mortgage Interest Rates by Michael Antczak
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One of the most prominent discussion points between brokers, agents and their clients, the fixed-versus-variable debate, took a significant swing in 2022 as a big trend of ... More

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  1/25/2023 | Posted in Mortgage News by Michael Antczak
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Canada’s national arrears rate ticked up from its all-time low in October, according to data from the Canadian Bankers Association. ... More

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  1/13/2023 | Posted in Mortgage News by Michael Antczak
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Canada's banking regulator has unveiled three new regulatory proposals that could further restrict mortgage lending pending a just-launched consultation period. ... More

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  11/21/2022 | Posted in Mortgages and Real Estate by Michael Antczak
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At least two of Canada’s largest mortgage lenders allow borrowers to shift a portion of their interest costs onto the principal owed on their mortgages, helping them cope ... More

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  8/5/2022 | Posted in Mortgages and Real Estate by Michael Antczak
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Trend builds on substantial annual increase in Canadian residential mortgage debt last year. ... More

Real Estate & Mortgage News

  6/28/2022 | Posted in Interest Rates by Michael Antczak
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Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike of 75 basis points at the Bank of Canada’s ... More

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  6/16/2022 | Posted in Interest Rates by Michael Antczak
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Economists believe it's even more likely Macklem will have the confidence to increase the benchmark rate the same as U.S. bank authority. ... More

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  5/24/2022 | Posted in Mortgage Interest Rates by Michael Antczak
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Notwithstanding some additional rate hikes last week, fixed mortgage rates have seemingly plateaued following a stellar run-up over the past several months. ... More

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  5/19/2022 | Posted in Mortgage Interest Rates by Michael Antczak
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The cost of living continued to increase in April, raising the odds that the Bank of Canada will respond forcefully with at least a 50-basis-point rate hike at its June meeting. ... More

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  4/4/2020 | Posted in Mortgages and Real Estate by Michael Antczak
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Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, ... More

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  3/31/2020 | Posted in Mortgage Interest Rates by Michael Antczak
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic. ... More

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  3/2/2020 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark policy ... More

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  1/29/2020 | Posted in Mortgage Interest Rates by Michael Antczak
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down ... More

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  1/22/2020 | Posted in Mortgages and Real Estate by Michael Antczak
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The current lending rules in Canada are geared towards shorter-mortgage terms ... More

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  1/17/2020 | Posted in Mortgages and Real Estate by Michael Antczak
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... More

Real Estate & Mortgage News

  11/22/2019 | Posted in Canadian Housing Market by Michael Antczak
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Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ... More

Real Estate & Mortgage News

  10/21/2019 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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The cost of living was higher across many products and services in September. ... More

Real Estate & Mortgage News

  10/10/2019 | Posted in Mortgages and Real Estate by Michael Antczak
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s central ... More

Real Estate & Mortgage News

  9/19/2019 | Posted in Mortgages and Real Estate by Michael Antczak
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ... More

Real Estate & Mortgage News

  7/28/2019 | Posted in Mortgages and Real Estate by Michael Antczak
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate. ... More

Real Estate & Mortgage News

  7/18/2019 | Posted in Mortgage Interest Rates by Michael Antczak
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived. ... More

Real Estate & Mortgage News

  7/17/2019 | Posted in Mortgages and Real Estate by Michael Antczak
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgage Interest Rates by Michael Antczak
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgages and Real Estate by Michael Antczak
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Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices. ... More

Real Estate & Mortgage News

  5/9/2019 | Posted in Mortgages and Real Estate by Michael Antczak
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Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More

Real Estate & Mortgage News

  5/6/2019 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ... More

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