11/29/2024 | Posted in Mortgages and Real Estate by Nat Mastroianni
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Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most ... More

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  11/26/2024 | Posted in Mortgages and Real Estate by Nat Mastroianni
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The Bank of Canada (BoC) is preparing for its final rate announcement of 2024 on December 11, with economists anticipating a potential further reduction in its lending rate that ... More

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  11/25/2024 | Posted in Mortgages and Real Estate by Nat Mastroianni
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Effective Thursday, uninsured bank borrowers no longer need to show they can afford a higher rate when switching lenders. ... More

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  11/14/2024 | Posted in Mortgages and Real Estate by Nat Mastroianni
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BMO economist predicts homeowners can absorb higher mortgage rates ... More

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  11/6/2024 | Posted in Mortgages and Real Estate by Nat Mastroianni
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Canada's housing affordability cannot be resolved by changing the country's unique mortgage structure, the Bank of Canada's Senior Deputy Governor said on Wednesday, ... More

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  11/4/2024 | Posted in Mortgages and Real Estate by Nat Mastroianni
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Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More

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  10/24/2024 | Posted in Mortgages and Real Estate by Nat Mastroianni
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More Canadian homeowners are considering switching to variable rate from fixed rate mortgages after an unusually large interest rate cut by the central bank on Wednesday, mortgage ... More

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  10/3/2024 | Posted in Mortgage News by Nat Mastroianni
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Canada’s banking regulator recently relaxed its mortgage stress test rule partly due to concerns about how the public perceives the agency’s role, according to Peter ... More

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  10/1/2024 | Posted in Canadian Economy and Interest Rates by Nat Mastroianni
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Markets are increasingly betting on the Bank of Canada delivering a 50-basis point rate cut during its October 23 policy decision, with the odds now sitting at around 53% ... More

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  9/25/2024 | Posted in Government and Regulation by Nat Mastroianni
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As a follow-up to last week’s announcement, the federal government has unveiled a more detailed framework for its updated mortgage rules, which are set to take effect on ... More

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  9/22/2024 | Posted in Mortgages and Real Estate by Nat Mastroianni
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As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost? ... More

Real Estate & Mortgage News

  9/17/2024 | Posted in Government and Regulation by Nat Mastroianni
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The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.” ... More

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  8/13/2024 | Posted in Mortgage Advice by Nat Mastroianni
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Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling stressed as they prepare for higher payments amid persistently elevated ... More

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  7/29/2024 | Posted in First Time Home Buyers by Nat Mastroianni
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Mortgage down payment gifts from family members remain a crucial factor for first-time homebuyers in Canada, even as the housing market cools and economic conditions tighten. ... More

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  6/16/2024 | Posted in Mortgage Interest Rates by Nat Mastroianni
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Interest rates may slowly start to be easing around the world, but they won’t be returning to pandemic levels and borrowers will need to adjust accordingly. ... More

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  6/13/2024 | Posted in Government and Regulation by Nat Mastroianni
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The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches. ... More

Real Estate & Mortgage News

  5/22/2024 | Posted in Mortgages and Real Estate by Nat Mastroianni
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Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew. ... More

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  4/16/2024 | Posted in Mortgages and Real Estate by Nat Mastroianni
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Canadian regulator cracks down on high-debt mortgages to protect borrowers ... More

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  4/12/2024 | Posted in Government and Regulation by Nat Mastroianni
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The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency. ... More

Real Estate & Mortgage News

  4/11/2024 | Posted in Government and Regulation by Nat Mastroianni
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Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ... More

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  3/22/2024 | Posted in Government and Regulation by Nat Mastroianni
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Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders. ... More

Real Estate & Mortgage News

  3/19/2024 | Posted in Canadian Economy and Interest Rates by Nat Mastroianni
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'I hope they're not tepid,' says expert about BoC's upcoming decisions ... More

Real Estate & Mortgage News

  3/13/2024 | Posted in Mortgages and Real Estate by Nat Mastroianni
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The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More

Real Estate & Mortgage News

  3/5/2024 | Posted in Financial Health by Nat Mastroianni
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Equifax Canada says consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023. ... More

Real Estate & Mortgage News

  1/25/2024 | Posted in Mortgages and Real Estate by Nat Mastroianni
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Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022. ... More

Real Estate & Mortgage News

  12/13/2023 | Posted in Mortgages and Real Estate by Nat Mastroianni
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Canada’s banking regulator confirmed it will leave the mortgage stress test for uninsured mortgages unchanged. ... More

Real Estate & Mortgage News

  12/13/2023 | Posted in Canadian Housing Market by Nat Mastroianni
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Some home sellers are struggling to find buyers amid high mortgage costs, according to an economist who says Canada’s housing market is in the midst of “a very healthy ... More

Real Estate & Mortgage News

  12/11/2023 | Posted in Mortgages and Real Estate by Nat Mastroianni
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In its third-quarter earnings call, Scotiabank said it was undertaking a strategy of “customer deselection at renewal” as part of its efforts to slow its mortgage ... More

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  11/15/2023 | Posted in Mortgages and Real Estate by Nat Mastroianni
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Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon ... More

Real Estate & Mortgage News

  11/9/2023 | Posted in Mortgages and Real Estate by Nat Mastroianni
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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages outstanding ... More

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