12/2/2022 | Posted in Interest Rates by Kit Blott
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The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. ... More

Real Estate & Mortgage News

  11/29/2022 | Posted in Mortgage Interest Rates by Kit Blott
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Fixed mortgage rates are slowly following bond yields and trending downward. ... More

Real Estate & Mortgage News

  11/21/2022 | Posted in Mortgages and Real Estate by Kit Blott
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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

Real Estate & Mortgage News

  11/15/2022 | Posted in Home Buyers by Kit Blott
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Already a source of huge debate in the mortgage industry since its introduction, the mortgage stress test came under scrutiny from executives at top Canadian lenders during a ... More

Real Estate & Mortgage News

  11/3/2022 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank governor ... More

Real Estate & Mortgage News

  11/1/2022 | Posted in Mortgages and Real Estate by Kit Blott
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A new survey has found that 53% of Canadian mortgage borrowers are concerned about the prospect of higher monthly payments at renewal time. ... More

Real Estate & Mortgage News

  10/18/2022 | Posted in Mortgage Interest Rates by Kit Blott
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While homeowners with variable-rate mortgages brace for another expected hike next week from the Bank of Canada, fixed-rates are rising too, according to rate insiders. ... More

Real Estate & Mortgage News

  9/14/2022 | Posted in Home Buyers by Kit Blott
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Despite today’s mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada’s banking regulator said no changes to the stress test are imminent. ... More

Real Estate & Mortgage News

  8/8/2022 | Posted in Mortgages and Real Estate by Kit Blott
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There has been a lot of discussion recently about how variable-rate mortgage holders could face their “trigger point.” We’re going to explore what that means, ... More

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  7/18/2022 | Posted in Interest Rates by Kit Blott
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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

Real Estate & Mortgage News

  7/13/2022 | Posted in Mortgages and Real Estate by Kit Blott
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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

Real Estate & Mortgage News

  7/10/2022 | Posted in Mortgage Interest Rates by Kit Blott
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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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  6/17/2022 | Posted in Mortgages and Real Estate by Kit Blott
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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

Real Estate & Mortgage News

  6/16/2022 | Posted in Interest Rates by Kit Blott
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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

Real Estate & Mortgage News

  6/7/2022 | Posted in Canada Living by Kit Blott
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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

Real Estate & Mortgage News

  6/1/2022 | Posted in Mortgage Interest Rates by Kit Blott
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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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  5/24/2022 | Posted in Mortgage Interest Rates by Kit Blott
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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

Real Estate & Mortgage News

  5/19/2022 | Posted in Mortgage Interest Rates by Kit Blott
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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

Real Estate & Mortgage News

  5/9/2022 | Posted in Interest Rates by Kit Blott
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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

Real Estate & Mortgage News

  4/21/2020 | Posted in Canadian Economy and Housing Market by Kit Blott
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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

Real Estate & Mortgage News

  4/17/2020 | Posted in Mortgages and Real Estate by Kit Blott
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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

Real Estate & Mortgage News

  4/4/2020 | Posted in Mortgages and Real Estate by Kit Blott
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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

Real Estate & Mortgage News

  3/31/2020 | Posted in Mortgage Interest Rates by Kit Blott
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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

Real Estate & Mortgage News

  3/28/2020 | Posted in Canadian Economy and Housing Market by Kit Blott
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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

Real Estate & Mortgage News

  3/18/2020 | Posted in Mortgage News by Kit Blott
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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

Real Estate & Mortgage News
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