11/22/2021 | Posted in Home Buyers by Ron Hyde
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Canada’s red-hot housing markets could cool down in the second half of next year, according to a prominent Bay Street economist, as many buyers rush to buy now before the ... More

Real Estate & Mortgage News

  11/19/2021 | Posted in Mortgage Interest Rates by Ron Hyde
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Financial markets may be pricing in the first interest rate hikes as early as March, but they shouldn’t be too confident about that timing. ... More

Real Estate & Mortgage News

  11/9/2021 | Posted in Home Buyers by Ron Hyde
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When it comes to Ontario homeowners, a mere 11.4% of young adults across the province own their own homes. ... More

Real Estate & Mortgage News

  11/2/2021 | Posted in Mortgage Interest Rates by Ron Hyde
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A prominent Bay Street economist said homebuyers should start preparing sooner rather than later. ... More

Real Estate & Mortgage News

  10/29/2021 | Posted in Home Buyers by Ron Hyde
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A proposed Home Buyers’ Bill of Rights would address a notable trend that’s emerged in a red-hot market ... More

Real Estate & Mortgage News

  10/25/2021 | Posted in Home Buyers by Ron Hyde
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Roughly 30 per cent of first-time homebuyers and nearly nine per cent of existing homeowners received financial help from family this past year to purchase a house. ... More

Real Estate & Mortgage News

  10/22/2021 | Posted in Mortgage Interest Rates by Ron Hyde
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Global bond yield rates are up this month, and Canada is not missing out on the action. ... More

Real Estate & Mortgage News

  10/15/2021 | Posted in Canadian Housing Market by Ron Hyde
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Popularity of variable-rate mortgages expected to grow further, overturning a trend that has been in place for over a decade. ... More

Real Estate & Mortgage News

  9/28/2021 | Posted in Mortgage Interest Rates by Ron Hyde
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Bond yields rose sharply on Monday in the U.S. and Canada, and bond yields typically lead fixed mortgage rates. ... More

Real Estate & Mortgage News

  9/22/2021 | Posted in First Time Home Buyers by Ron Hyde
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This buyer cohort also makes more expensive residential moves, on average ... More

Real Estate & Mortgage News

  9/8/2021 | Posted in Mortgage Interest Rates by Ron Hyde
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The Bank of Canada delivered a status quo rate decision today, keeping its target rate and bond purchases unchanged. ... More

Real Estate & Mortgage News

  9/2/2021 | Posted in Home Buyers by Ron Hyde
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What's “buyer fatigue”? This term applies to home hunters who have been repeatedly outbid and left disillusioned by the process. ... More

Real Estate & Mortgage News

  8/23/2021 | Posted in First Time Home Buyers by Ron Hyde
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Politicians are zeroing in on ways that just might make the dream of owning a home that much easier. ... More

Real Estate & Mortgage News

  8/20/2021 | Posted in Mortgages and Real Estate by Ron Hyde
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Canadians are piling into mortgages at more than double the historical pace as the housing market appears to moderate after a pandemic boom. ... More

Real Estate & Mortgage News

  8/18/2021 | Posted in Ontario Real Estate by Ron Hyde
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Ontario residents are growing increasingly stressed out about money, debt, and the ability to cover even their basic living expenses, according to ... More

Real Estate & Mortgage News

  8/4/2021 | Posted in Home Buyers by Ron Hyde
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Skyrocketing housing prices in 2021 are driving up how long it would take for homebuyers to save for a down payment, new data shows. ... More

Real Estate & Mortgage News

  7/5/2021 | Posted in Real Estate News by Ron Hyde
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Canada Mortgage and Housing Corp. is easing its underwriting criteria for mortgage loan insurance after changes it made last year were not effective and caused it to lose market ... More

Real Estate & Mortgage News

  6/28/2021 | Posted in Canada Living by Ron Hyde
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A look at why the hot housing market is out of reach for young Canadians ... More

Real Estate & Mortgage News

  5/20/2021 | Posted in Home Buyers by Ron Hyde
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Canada’s banking watchdog is confirming it will apply tighter rules to the so-called mortgage stress test, effective June 01. ... More

Real Estate & Mortgage News

  5/12/2021 | Posted in Home Buyers by Ron Hyde
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Canadians are so alarmed by the red-hot housing market that many say they’d like to see the central bank raise the cost of borrowing to dampen demand for real estate and ... More

Real Estate & Mortgage News

  5/6/2021 | Posted in Home Buyers by Ron Hyde
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Whether you’re starting your home search or you just bid on the place of your dreams, getting denied for a mortgage will stop you cold. ... More

Real Estate & Mortgage News

  5/4/2021 | Posted in Home Buyers by Ron Hyde
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Unconditional offers are poor choices and our courts have shown little empathy for failed purchasers, repeatedly holding that vendors have no obligation to accommodate purchasers ... More

Real Estate & Mortgage News

  5/1/2021 | Posted in Mortgage Advice by Ron Hyde
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Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. ... More

Real Estate & Mortgage News

  4/30/2021 | Posted in Home Buyers by Ron Hyde
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Effective June 1, the federal mortgage stress test increases to 5.25 per cent, or about four times higher than what major lenders are actually charging ... More

Real Estate & Mortgage News

  4/19/2021 | Posted in Canadian Housing Market by Ron Hyde
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The trend in housing starts was 273,664 units in March 2021, up from 252,636 units in February 2021, according to Canada Mortgage and Housing Corporation (CMHC). ... More

Real Estate & Mortgage News

  4/16/2021 | Posted in Canadian Housing Market by Ron Hyde
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In a report to clients Thursday, TD Senior Vice-President and Chief Economist Beata Caranci said that ultimately, rock-bottom interest rates are to blame and warned against any ... More

Real Estate & Mortgage News

  4/12/2021 | Posted in Canadian Economy and Housing Market by Ron Hyde
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In the pandemic-linked housing boom, average residential property values have become decoupled from average incomes over vast swathes of the country. ... More

Real Estate & Mortgage News

  4/11/2021 | Posted in Mortgage Interest Rates by Ron Hyde
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With the lowest rates for five-year fixed mortgage products in Canada having risen last month for the first time since January 2020, speculation began to mount in the mortgage ... More

Real Estate & Mortgage News