6/14/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ... More

Real Estate & Mortgage News

  6/12/2018 | Posted in Home Buyers by Ron Hyde
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Private lenders have doubled their share of Canadian mortgages since 2015. ... More

Real Estate & Mortgage News

  6/6/2018 | Posted in Home Buyers by Ron Hyde
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York Region municipal councillors have proposed a municipal land transfer tax, but the CEO of the Ontario Real Estate Association is imploring them to consider the ... 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

  5/23/2018 | Posted in Home Buyers by Ron Hyde
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A study out of Ryerson University warns of a severe housing shortage in the near future. ... More

Real Estate & Mortgage News

  5/22/2018 | Posted in GTA Real Estate by Ron Hyde
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Research from the C.D. Howe Institute released Tuesday revealed zoning regulations, development charges and housing limits in and around southern Ontario's Greenbelt have ... More

Real Estate & Mortgage News

  5/14/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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Despite rising interest and qualifying rates, the luxury sector of the housing market should remain largely unaffected. ... 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

  4/15/2018 | Posted in Home Buyers by Ron Hyde
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A recent survey conducted found that a growing proportion of Canadian homebuyers reported feeling pinched by the stress tests which came into effect January 2018. ... More

Real Estate & Mortgage News

  4/15/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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The Bank of Canada is likely to raise interest rates twice more this year as the economy regains momentum in the current quarter but will hold them steady at its April 18 meeting, ... More

Real Estate & Mortgage News

  4/5/2018 | Posted in Home Buyers by Ron Hyde
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The results of a fresh study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up by 7% from last ... More

Real Estate & Mortgage News

  4/3/2018 | Posted in Home Buyers by Ron Hyde
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The still-rising prices of homes in many Canadian markets are making homeownership increasingly unaffordable and mortgages harder to secure. ... More

Real Estate & Mortgage News

  3/23/2018 | Posted in Canadian Economy and Housing Market by Ron Hyde
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Mortgage Consumers Brace Yourselves - Chances of a hike in May rose to 82% after the data came out today. ... More

Real Estate & Mortgage News

  3/9/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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The impact of the tightened mortgage rules introduced at the start of the year appears to be rising according to a recent report from RBC. ... More

Real Estate & Mortgage News

  2/9/2018 | Posted in Canadian Housing Market by Ron Hyde
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Nearly 10% of mortgages issued in Vancouver and Toronto in 2016 went to non-permanent foreign residents aged under 25 years old, according to the Canada Mortgage and Housing ... More

Real Estate & Mortgage News

  2/2/2018 | Posted in Home Buyers by Ron Hyde
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The recent increases in interest rates appear not to have dampened the intentions of most Canadian home buyers. ... More

Real Estate & Mortgage News

  1/22/2018 | Posted in Canadian Housing Market by Ron Hyde
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Canada’s real estate market will hit a slow patch in 2018 as tighter mortgage stress tests apply pressure and the impact could be exacerbated if an expected interest rate ... More

Real Estate & Mortgage News

  1/4/2018 | Posted in Canadian Housing Market by Ron Hyde
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What houses sold for in the past is hidden behind an MLS firewall but this may change and enable buyers to make better decisions ... More

Real Estate & Mortgage News

  12/13/2017 | Posted in GTA Real Estate by Ron Hyde
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A new report estimates housing prices in the Greater Toronto Area will increase 6.8% next year, but investors can get ahead of rising costs by buying early. ... More

Real Estate & Mortgage News

  12/8/2017 | Posted in Ontario Real Estate by Ron Hyde
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With reduced buying power, house hunters will scoop these properties up ... More

Real Estate & Mortgage News

  12/6/2017 | Posted in Mortgage Interest Rates by Ron Hyde
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The Bank of Canada stuck with its trend-setting interest rate, but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way. ... More

Real Estate & Mortgage News

  11/26/2017 | Posted in Real Estate News by Ron Hyde
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Real estate agents want to know if you've grown pot in your home. ... More

Real Estate & Mortgage News

  11/14/2017 | Posted in Mortgages and Real Estate by Ron Hyde
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With the expectation that first-time homebuyers will be shuttered out of the housing market, thereby reducing the number of people to whom seniors can sell their homes, reverse ... More

Real Estate & Mortgage News

  11/11/2017 | Posted in Home Buyers by Ron Hyde
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Did you know that it’s actually less expensive to buy a home compared to a condo. ... More

Real Estate & Mortgage News

  10/25/2017 | Posted in Mortgage Interest Rates by Ron Hyde
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The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes but suggested future increases are still likely, albeit at a more gradual ... More

Real Estate & Mortgage News

  10/20/2017 | Posted in Home Buyers by Ron Hyde
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The newest set of mortgage restrictions announced by the OSFI will hit home buyers looking to upgrade to new properties the hardest, according to BMO financial group chief ... More

Real Estate & Mortgage News

  10/18/2017 | Posted in Mortgages and Real Estate by Ron Hyde
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OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply.  ... More

Real Estate & Mortgage News

  10/11/2017 | Posted in Mortgages and Real Estate by Ron Hyde
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A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday. ... More

Real Estate & Mortgage News