4/3/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group. ... More

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  3/22/2019 | Posted in First Time Home Buyers by Ron Hyde
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The First-Time Home Buyer Incentive actually reduces affordability. ... More

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  3/15/2019 | Posted in Interest Rates by Ron Hyde
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The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More

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  3/14/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Canada’s household debt levels will force around 1 in 5 people with debt to sell assets to stay above water. ... More

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  3/6/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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More Canadians are running into serious issues with their mortgage payments according to a new report. ... More

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  2/25/2019 | Posted in Interest Rates by Ron Hyde
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The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even negative ... More

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  2/22/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head. ... More

Real Estate & Mortgage News

  2/6/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that ... More

Real Estate & Mortgage News

  1/25/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders' rapid ... More

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  1/16/2019 | Posted in Interest Rates by Ron Hyde
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What the Bank of Canada's decision to hold its key rate means for borrowers and savers. ... More

Real Estate & Mortgage News

  12/17/2018 | Posted in Canadian Economy and Housing Market by Ron Hyde
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The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average. ... More

Real Estate & Mortgage News

  12/14/2018 | Posted in Mortgage Interest Rates by Ron Hyde
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Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ... 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

  12/7/2018 | Posted in Canadian Economy and Housing Market by Ron Hyde
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Rising interest rates and new mortgage rules have finally forced an end to years of rapid lending, according to the latest data from Bank of Canada. ... More

Real Estate & Mortgage News

  12/6/2018 | Posted in Mortgage Interest Rates by Ron Hyde
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If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed. ... More

Real Estate & Mortgage News

  11/30/2018 | Posted in Home Buyers by Ron Hyde
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CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers. ... More

Real Estate & Mortgage News

  11/30/2018 | Posted in Mortgage Interest Rates by Ron Hyde
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The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council. ... More

Real Estate & Mortgage News

  11/25/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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The main reason that 15% of Canadian homeowners refinanced their homes was to consolidate debt. ... More

Real Estate & Mortgage News

  11/14/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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The bank says stress tests and higher interest rates have reduced the share of new high-leverage, insured loans to six per cent from 20 per cent in late 2016. ... More

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  11/5/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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Updated numbers from the Bank of Canada showed that the balance of insured mortgage debt suffered its largest decline in history. ... More

Real Estate & Mortgage News

  11/2/2018 | Posted in Canadian Economy and Housing Market by Ron Hyde
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The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017. ... More

Real Estate & Mortgage News

  10/5/2018 | Posted in Mortgage Interest Rates by Ron Hyde
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Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC. ... More

Real Estate & Mortgage News

  10/4/2018 | Posted in Home Buyers by Ron Hyde
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CMHC’s new guidelines that make it easier for self-employed borrowers to qualify for a mortgage came into effect on Oct 1. ... More

Real Estate & Mortgage News

  9/20/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your ... More

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