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

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  7/18/2022 | Posted in Interest Rates by Catherine Methven
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The Bank of Canada's intention to "frontload" its path to higher rates means its policy rate could peak as early as September, according to a prominent CIBC ... More

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  7/13/2022 | Posted in Mortgages and Real Estate by Catherine Methven
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The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway ... More

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  7/10/2022 | Posted in Mortgage Interest Rates by Catherine Methven
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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally. ... More

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  6/21/2022 | Posted in Mortgages and Real Estate by Catherine Methven
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An obscure feature of variable-rate mortgages may push up the monthly payments for an increasing number of borrowers. ... More

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  6/17/2022 | Posted in Mortgages and Real Estate by Catherine Methven
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Experts say extending the amortization period for your mortgage could keep your monthly payments in check even as you face higher interest rates, but caution that doing so comes ... More

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  6/16/2022 | Posted in Interest Rates by Catherine Methven
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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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  6/7/2022 | Posted in Canada Living by Catherine Methven
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The first quarter marked the fifth consecutive deterioration in housing affordability, and the worst drop yet, according to National Bank of Canada. ... More

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  6/1/2022 | Posted in Mortgage Interest Rates by Catherine Methven
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The Bank of Canada has raised its trendsetting interest rate by 50 basis points, marking its second consecutive oversized hike – and third overall increase this year – ... More

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  5/31/2022 | Posted in Mortgage Interest Rates by Catherine Methven
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The increments in the central bank’s rate hikes will become narrower in the foreseeable future, analysts say ... More

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  5/24/2022 | Posted in Mortgage Interest Rates by Catherine Methven
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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 Catherine Methven
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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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  5/9/2022 | Posted in Interest Rates by Catherine Methven
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Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates. ... More

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  4/21/2020 | Posted in Canadian Economy and Housing Market by Catherine Methven
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ... More

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  4/17/2020 | Posted in Mortgages and Real Estate by Catherine Methven
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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

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  4/4/2020 | Posted in Mortgages and Real Estate by Catherine Methven
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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 Catherine Methven
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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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  3/28/2020 | Posted in Canadian Economy and Housing Market by Catherine Methven
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Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and job ... More

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  3/18/2020 | Posted in Mortgage News by Catherine Methven
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Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers. ... More

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  3/17/2020 | Posted in Canadian Economy and Housing Market by Catherine Methven
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The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system. ... More

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  3/5/2020 | Posted in Mortgages and Real Estate by Catherine Methven
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... More

Real Estate & Mortgage News

  3/4/2020 | Posted in Mortgage Interest Rates by Catherine Methven
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The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More

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  3/4/2020 | Posted in Canadian Housing Market by Catherine Methven
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Lower mortgage rates likely to offset any major drag from a global outbreak ... More

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  3/2/2020 | Posted in Canadian Economy and Interest Rates by Catherine Methven
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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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  2/19/2020 | Posted in Mortgages and Real Estate by Catherine Methven
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ... More

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  2/18/2020 | Posted in Mortgages and Real Estate by Catherine Methven
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Ottawa changing stress test rate for insured mortgages starting April 6. ... More

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  2/10/2020 | Posted in GTA Real Estate by Catherine Methven
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ... More

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

Real Estate & Mortgage News

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