12/11/2023 | Posted in Mortgages and Real Estate by Catherine Methven
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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

Real Estate & Mortgage News

  11/15/2023 | Posted in Mortgages and Real Estate by Catherine Methven
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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

  11/1/2023 | Posted in Canadian Economy and Interest Rates by Catherine Methven
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Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is ... More

Real Estate & Mortgage News

  10/31/2023 | Posted in Mortgages and Real Estate by Catherine Methven
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Canadian homeowners are facing a significant payment shock on their mortgages unless interest rates decline in the coming years, according to a new Royal Bank of Canada (RBC) ... More

Real Estate & Mortgage News

  10/12/2023 | Posted in Home Owners by Catherine Methven
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Canada’s banking regulator says the sustained increases in interest rates over the past 18 months have challenged some borrowers’ ability to pay and led to a ... More

Real Estate & Mortgage News

  10/7/2023 | Posted in Mortgages and Real Estate by Catherine Methven
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Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated. ... More

Real Estate & Mortgage News

  9/29/2023 | Posted in Mortgage Interest Rates by Catherine Methven
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Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise. ... More

Real Estate & Mortgage News

  8/23/2023 | Posted in Mortgage Interest Rates by Catherine Methven
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Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon. ... More

Real Estate & Mortgage News

  6/27/2023 | Posted in Mortgages and Real Estate by Catherine Methven
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Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More

Real Estate & Mortgage News

  6/22/2023 | Posted in Mortgages and Real Estate by Catherine Methven
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While the pain of elevated interest rates is already hitting those with variable-rate mortgages, the sticker shock of higher payments might not be felt for a couple years among ... More

Real Estate & Mortgage News

  6/6/2023 | Posted in Interest Rates by Catherine Methven
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After hitting pause on rates, growing speculation the bank is ready to hike again ... More

Real Estate & Mortgage News

  9/6/2019 | Posted in Mortgages and Real Estate by Catherine Methven
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgage Interest Rates by Catherine Methven
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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

  12/14/2018 | Posted in Mortgages and Real Estate by Catherine Methven
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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

Real Estate & Mortgage News

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