11/25/2024 | Posted in Mortgages and Real Estate by Ron Hyde
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Effective Thursday, uninsured bank borrowers no longer need to show they can afford a higher rate when switching lenders. ... More
11/14/2024 | Posted in Mortgages and Real Estate by Ron Hyde
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BMO economist predicts homeowners can absorb higher mortgage rates ... More
9/26/2024 | Posted in Home Owners by Ron Hyde
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Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. ... More
9/22/2024 | Posted in Mortgages and Real Estate by Ron Hyde
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As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost? ... More
9/5/2024 | Posted in Mortgage Interest Rates by Ron Hyde
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Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time before ... More
5/30/2024 | Posted in Home Owners by Ron Hyde
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A recent study on Statistics Canada data shines light on trend ... More
11/9/2023 | Posted in Mortgages and Real Estate by Ron Hyde
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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages outstanding ... More
11/1/2023 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is ... More
10/31/2023 | Posted in Mortgages and Real Estate by Ron Hyde
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Canadian homeowners are facing a significant payment shock on their mortgages unless interest rates decline in the coming years, according to a new Royal Bank of Canada (RBC) ... More
10/18/2023 | Posted in Home Owners by Ron Hyde
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Police forces and legal experts in Ontario are pushing for the provincial government to make legislative changes that would reduce elaborate fraud scams targeting homeowners. ... More
10/2/2023 | Posted in Home Owners by Ron Hyde
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With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain as ... More
9/14/2023 | Posted in Mortgages and Real Estate by Ron Hyde
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Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest ... More
3/27/2020 | Posted in Home Owners by Ron Hyde
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It's very likely that COVID-19 will shatter Ontario's municipalities' budgets, and without provincial or federal help they will have no option but to increase the ... More
6/5/2019 | Posted in Home Owners by Ron Hyde
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Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll ... More
4/30/2019 | Posted in Home Sellers by Ron Hyde
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Homeowners wanting to maximize the appraisal value of their home should think about outside space. ... More
3/6/2019 | Posted in Canadian Housing Market by Ron Hyde
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Homeownership rates in Canada remain among the highest in the world despite housing affordability concerns across the country, according to the Royal Bank of Canada (RBC). ... More
3/3/2019 | Posted in Canadian Housing Market by Ron Hyde
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The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data. ... More
11/6/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More
7/27/2018 | Posted in Home Owners by Ron Hyde
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Canadians spent nearly $78bln on renovations last year, but a slower sales cycle could impact that figure. ... More
7/18/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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A reverse mortgage can be a solution for some cash-strapped retirees, but it comes at a steep cost. ... More
6/1/2018 | Posted in Home Owners by Ron Hyde
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Spending drops as much as 25 per cent in some provinces as more homeowners focus on wear and tear. ... More
5/9/2018 | Posted in Canadian Housing Market by Ron Hyde
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Almost six in 10 Canadian millennials are already homeowners, with more of this age group planning to buy a home in the next two years, according to a Genworth Canada survey ... More
1/19/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders. ... More
12/21/2017 | Posted in Foreign Buyers by Ron Hyde
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Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ... More
12/8/2017 | Posted in Financial Health by Ron Hyde
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Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada. ... More
11/24/2017 | Posted in Mortgages and Real Estate by Ron Hyde
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More than half of Canadians say they have good knowledge of debt management, yet many Canadians who hold a mortgage don’t believe they’re in debt at all. ... More
9/27/2017 | Posted in Ontario News by Ron Hyde
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A large share of homeowners in Ontario are counting on home values increasing to ensure they have sufficient retirement funds. ... More
8/25/2017 | Posted in Mortgages and Real Estate by Ron Hyde
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“Hey Siri, what’s the best mortgage rate?” ... More
8/25/2017 | Posted in GTA Real Estate by Ron Hyde
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The basic lesson: A property is worth what a buyer is willing to pay ... More
8/9/2017 | Posted in Mortgage News by Ron Hyde
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The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 million ... More
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