The benchmark posted 5-year fixed rate, which is used for stress-testing Canadian mortgages, fell yesterday in its first move since May 2018.
Month: July 2019
Canada’s mortgage market grew by its slowest pace in more than 25 years in 2018, according to new data released by the Canada Mortgage and Housing Corporation.
When the leaves start to turn and the mercury begins to drop, mortgage rates might be lower, too, one economist predicts.
Canadian homebuyers are finally getting used to the mortgage stress test, and that’s good news for the market’s future
The mortgage stress test that policymakers introduced in January 2018 has undeniably cooled the Canadian housing market — but homebuyers are adjusting to stricter standards, one expert suggests.
The recent stability seen in some of Canada’s biggest markets is here to stay, suggests one of the country’s leading real estate companies.
A year and a half after federal policymakers toughened up qualification rules to tame an unruly market and reduce risk to the economy, Canada’s mortgage market is showing signs of recovery.
Most experts anticipate that the next time the Bank of Canada adjusts its policy rate, it’ll make a cut.
Thanks to tighter mortgage qualification rules and higher-priced real estate—particularly in the greater Vancouver and Toronto areas—it’s not always easy to qualify for a mortgage on your own merits.
A growing portion of Canadian households are finding it harder to service their assortment of debts, according to new data from Statistics Canada’s latest Survey of Financial Security.