1/12/2024 | Posted in Interest Rates by Ron Hyde
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Nearly all of the country’s big banks slashed their advertised fixed mortgage rates this week, in some cases by as much as 70 basis points (or 0.70%). ... More

Real Estate & Mortgage News

  12/21/2023 | Posted in Mortgage Interest Rates by Ron Hyde
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Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates. ... More

Real Estate & Mortgage News

  12/8/2023 | Posted in Canadian Economy and Housing Market by Ron Hyde
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Canada’s banking regulator today announced no change to the amount of capital banks must keep on hand to cover potential future losses. ... More

Real Estate & Mortgage News

  7/7/2023 | Posted in Interest Rates by Ron Hyde
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All six of Canada’s main commercial lenders now expect the Bank of Canada to raise interest rates next week after the country’s labor market tripled expectations in ... More

Real Estate & Mortgage News

  4/17/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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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

  4/5/2020 | Posted in Mortgage Interest Rates by Ron Hyde
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Bond yields and central bank rates have never been lower, but not all the savings are filtering down. ... More

Real Estate & Mortgage News

  4/4/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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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

  3/28/2020 | Posted in Canadian Economy and Housing Market by Ron Hyde
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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 Ron Hyde
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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

  1/8/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More

Real Estate & Mortgage News

  12/14/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender ... More

Real Estate & Mortgage News

  5/28/2018 | Posted in Mortgage Interest Rates by Ron Hyde
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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

Real Estate & Mortgage News

  5/9/2018 | Posted in Home Buyers by Ron Hyde
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The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers’ ... More

Real Estate & Mortgage News

  5/1/2018 | Posted in Home Buyers by Ron Hyde
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The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points. ... More

Real Estate & Mortgage News

  4/27/2018 | Posted in Mortgage Interest Rates by Ron Hyde
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Two of Canada's biggest banks are raising their benchmark rates for five-year, fixed-rate mortgages. ... More

Real Estate & Mortgage News

  2/28/2018 | Posted in Financial Health by Ron Hyde
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Evidence of mortgage fraud amid surging home prices and household debt has prompted S&P Global Ratings to lower a key risk metric for Canadian banks. ... More

Real Estate & Mortgage News
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