I recently had clients who were refinancing their mortgage completely reject a very attractive offering from one of the big chartered banks.
Homeownership rates are higher now than they were two decades ago according to a new analysis from Statistics Canada.
The struggle has been real for Alberta’s biggest housing markets — but the province’s embattled urban centres are showing some signs of improvement, local real estate boards report this month.
Mortgage stress testing did more than just make it tougher for many Canadians to purchase a home — it also eroded their confidence in the housing market.
But Canadians seem to be regaining their confidence, more than a year and a half after policymakers introduced stress testing for uninsured mortgages.
Stressed out about Canada’s mortgage stress test? Mortgage-comparison website RateSpy recently rounded up four “loopholes” for homebuyers trying to qualify under the tougher rules.
Earlier this week, the federal government announced the launch of a new program which will help even more Canadians enjoy affordable home ownership – specifically, by assisting providers of shared equity mortgages.
The Toronto Raptors didn’t just unite an entire city by winning their first NBA Finals — they lent a hand to the Canadian economy during their historic run.
The Bank of Mom and Dad isn’t just financing an increasing number home purchases as affordability issues persist in Canada’s major cities.
A substantial fraction of the Canadian population is getting help from parents just to cover rent costs, a new survey commissioned by FP Canada suggests.
New analysis from a leading economist puts the recent Canadian housing downturn in perspective by comparing it to previous booms and busts of the last 30 years.
Canadian mortgage borrowers have been waiting years for this moment.
This week the Bank of Canada’s qualifying rate declined, something that hasn’t happened since 2016.
The rate fell to 5.19 percent from 5.34 percent the previous week.
The benchmark posted 5-year fixed rate, which is used for stress-testing Canadian mortgages, fell yesterday in its first move since May 2018.
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.
Sky-high rents in Toronto and Vancouver dominate much of the national discussion, but rental-housing costs continue to vary widely across Canada.
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.
It is more likely than not that the Bank of Canada holds the interest rate at 1.75% on Wednesday, but there’s a growing chorus that believes it will decrease the rate before the end of the year.
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.
- Office:141 Torbay Road, NL
- Direct:(709) 770-9194
- Fax:(709) 754-0466