10/22/2021 | Posted in Mortgage Interest Rates by Kit Blott
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Global bond yield rates are up this month, and Canada is not missing out on the action. ... More

Real Estate & Mortgage News

  10/20/2021 | Posted in Financial Health by Kit Blott
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This trend was influenced by historically low rates and sustained housing demand ... More

Real Estate & Mortgage News

  10/15/2021 | Posted in Canadian Housing Market by Kit Blott
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Popularity of variable-rate mortgages expected to grow further, overturning a trend that has been in place for over a decade. ... More

Real Estate & Mortgage News

  10/13/2021 | Posted in Mortgage Interest Rates by Kit Blott
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A growing number of lenders have been raising interest rates recently in response to rising bond yields, including the big six banks. ... More

Real Estate & Mortgage News

  9/8/2021 | Posted in Mortgage Interest Rates by Kit Blott
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The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic recovery. ... More

Real Estate & Mortgage News

  8/31/2021 | Posted in Mortgages and Real Estate by Kit Blott
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A new report shows that Q2 volumes were the highest ever recorded in a single quarter ... More

Real Estate & Mortgage News

  8/27/2021 | Posted in Canadian Economy and Interest Rates by Kit Blott
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If above-target inflation persists, it could have ramifications for homeowners in the form of shifting rate-hike expectations. ... More

Real Estate & Mortgage News

  8/20/2021 | Posted in Mortgages and Real Estate by Kit Blott
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Canadians are piling into mortgages at more than double the historical pace as the housing market appears to moderate after a pandemic boom. ... More

Real Estate & Mortgage News

  7/14/2021 | Posted in Mortgage Interest Rates by Kit Blott
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The Bank of Canada has announced in its July statement that it will hold its target for the overnight rate at the effective lower bound of 0.25%, staying the course on its ... More

Real Estate & Mortgage News

  7/9/2021 | Posted in Canadian Housing Market by Kit Blott
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A growing number of Canadians, particularly renters, are planning to buy a home in the next 12 months amid the national economy’s steady recovery, according to a new ... More

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  6/27/2021 | Posted in Mortgages and Real Estate by Kit Blott
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Low mortgage rates are allowing borrowers to pay off their mortgages faster than ever. ... More

Real Estate & Mortgage News

  6/19/2021 | Posted in Financial Health by Kit Blott
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Canadians now owe almost $2 trillion in mortgage and home equity line of credit debt combined ... More

Real Estate & Mortgage News

  6/8/2021 | Posted in Mortgages and Real Estate by Kit Blott
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A surge in mortgage borrowing is pushing consumer debt loads higher in Canada despite falling credit card use, as households plow more money into their homes while spending less ... More

Real Estate & Mortgage News

  5/19/2021 | Posted in Mortgages and Real Estate by Kit Blott
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The Bank of Canada may have to adjust its view of its long-term neutral policy rate once a torrent of pent-up household savings is unleashed once pandemic restrictions are eased ... More

Real Estate & Mortgage News

  5/6/2021 | Posted in Home Buyers by Kit Blott
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Whether you’re starting your home search or you just bid on the place of your dreams, getting denied for a mortgage will stop you cold. ... More

Real Estate & Mortgage News

  5/1/2021 | Posted in Mortgage Advice by Kit Blott
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Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. ... More

Real Estate & Mortgage News

  4/30/2021 | Posted in Home Buyers by Kit Blott
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Effective June 1, the federal mortgage stress test increases to 5.25 per cent, or about four times higher than what major lenders are actually charging ... More

Real Estate & Mortgage News

  4/20/2021 | Posted in First Time Home Buyers by Kit Blott
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The ongoing surge in home prices across the country is discouraging a large number of young non-homeowners, many of whom say they’re giving up on the dream of homeownership ... More

Real Estate & Mortgage News

  4/19/2021 | Posted in Mortgages and Real Estate by Kit Blott
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The pace of mortgage borrowing continued to slow in February, according to data from Statistics Canada. ... More

Real Estate & Mortgage News

  4/11/2021 | Posted in Mortgage Interest Rates by Kit Blott
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With the lowest rates for five-year fixed mortgage products in Canada having risen last month for the first time since January 2020, speculation began to mount in the mortgage ... More

Real Estate & Mortgage News

  3/30/2021 | Posted in Mortgages and Real Estate by Kit Blott
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The national mortgage debt balance hit a new record high of $1.65 trillion in Q4 2020, according to data from Statistics Canada. ... More

Real Estate & Mortgage News

  3/25/2021 | Posted in Mortgages and Real Estate by Kit Blott
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As many as 14% of millennials said that they have not been entirely truthful on a previous credit or loan application, compared to the national average of 7%, according to a ... More

Real Estate & Mortgage News

  3/17/2021 | Posted in Mortgages and Real Estate by Kit Blott
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Non-bank lenders have seen the rate of arrears on insured mortgages go roughly 50% higher than their uninsured counterparts, according to data from Statistics Canada. ... More

Real Estate & Mortgage News

  3/11/2021 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023. ... More

Real Estate & Mortgage News

  3/10/2021 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus campaign. ... More

Real Estate & Mortgage News

  3/8/2021 | Posted in Canadian Economy and Interest Rates by Kit Blott
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Investors see rising chances that the Bank of Canada would hike interest rates next year as the economic outlook improves, but the central bank is likely to push back against ... More

Real Estate & Mortgage News

  3/3/2021 | Posted in Mortgages and Real Estate by Kit Blott
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Canadian mortgage rates are beginning to inch higher for the first time since before the COVID-19 crisis, reflecting the spike in long-term bond yields, but with home loans still ... More

Real Estate & Mortgage News

  3/1/2021 | Posted in Mortgages and Real Estate by Kit Blott
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CIBC Deputy Chief Economist Benjamin Tal said many Canadians aren’t prepared for a shock to their mortgage rates as a result of volatility in the bond market. ... More

Real Estate & Mortgage News
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