10/8/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth. ... More

Real Estate & Mortgage News

  9/25/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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The largest share of new mortgages in Canada is still with the big banks, according to the Canada Mortgage and Housing Corporation. ... More

Real Estate & Mortgage News

  9/10/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

Real Estate & Mortgage News

  7/9/2020 | Posted in Financial Health by Ron Hyde
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Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank. ... More

Real Estate & Mortgage News

  6/30/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for ... More

Real Estate & Mortgage News

  6/23/2020 | Posted in Mortgage Interest Rates by Ron Hyde
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ... More

Real Estate & Mortgage News

  5/12/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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The coronavirus has plunged market activity into a deep freeze ... 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

  4/4/2020 | 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

  4/2/2020 | Posted in Canadian Housing Market by Ron Hyde
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Real estate listings are drying up, open houses have been canceled, and buyers are staying home. ... 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

  3/26/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Canada beefs up liquidity plan with expanded mortgage guarantee ... More

Real Estate & Mortgage News

  3/17/2020 | Posted in Canadian Economy and Housing Market by Ron Hyde
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The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system. ... More

Real Estate & Mortgage News

  1/29/2020 | Posted in Mortgage Interest Rates by Ron Hyde
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down ... More

Real Estate & Mortgage News

  1/17/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... 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

  12/18/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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Canadian mortgage lenders shouldn’t worry too much about the performance of their loans in 2020 according to a new report from Fitch Ratings. ... More

Real Estate & Mortgage News

  10/10/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s central ... More

Real Estate & Mortgage News

  9/19/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ... More

Real Estate & Mortgage News

  9/16/2019 | Posted in Mortgage News by Ron Hyde
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Reverse mortgages are surging in Canada as more older people join the country’s debt bandwagon. ... More

Real Estate & Mortgage News

  9/16/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud. ... More

Real Estate & Mortgage News

  8/10/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes. ... More

Real Estate & Mortgage News

  7/28/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate. ... More

Real Estate & Mortgage News

  7/18/2019 | Posted in Mortgage Interest Rates by Ron Hyde
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived. ... More

Real Estate & Mortgage News

  7/17/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government ... More

Real Estate & Mortgage News