3/5/2020 | Posted in Mortgages and Real Estate by Kit Blott
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... More
9/6/2019 | Posted in Mortgages and Real Estate by Kit Blott
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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
6/17/2019 | Posted in Mortgages and Real Estate by Kit Blott
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The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ... More
6/7/2019 | Posted in Interest Rates by Kit Blott
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Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for borrowers. ... More
5/6/2019 | Posted in Canadian Economy and Interest Rates by Kit Blott
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ... More
12/6/2018 | Posted in Mortgage Interest Rates by Kit Blott
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If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed. ... More
11/30/2018 | Posted in Home Buyers by Kit Blott
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CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers. ... More
11/30/2018 | Posted in Mortgage Interest Rates by Kit Blott
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The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council. ... More
11/25/2018 | Posted in Mortgages and Real Estate by Kit Blott
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The main reason that 15% of Canadian homeowners refinanced their homes was to consolidate debt. ... More
9/20/2018 | Posted in Mortgages and Real Estate by Kit Blott
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With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your ... More
5/28/2018 | Posted in Mortgage Interest Rates by Kit Blott
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Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving Canadian ... More
4/17/2018 | Posted in Financial Health by Kit Blott
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Upward trend in rates would negatively impact Canadians' ability to service their debts. ... More
12/25/2017 | Posted in Mortgages and Real Estate by Kit Blott
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It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception. ... More
12/6/2017 | Posted in Mortgages and Real Estate by Kit Blott
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Consumers looking to consolidate debt currently have more buying power than they will next month, therefore rushing to refinance their mortgages before the new mortgage ... More
9/12/2017 | Posted in Mortgage News by Kit Blott
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The number of Canadians who applied for a fixed-rate mortgage in August saw a substantial spike, with 59.31% of users on the LowestRates.ca website opting for a fixed-rate ... More
8/9/2017 | Posted in Mortgage News by Kit Blott
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The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 million ... More
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