6/19/2019 | Posted in First Time Home Buyers by Ron Hyde
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While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem. ... More
6/17/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ... More
6/11/2019 | Posted in Mortgage Interest Rates by Ron Hyde
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ... More
6/11/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices. ... More
6/7/2019 | Posted in Interest Rates by Ron Hyde
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Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for borrowers. ... More
5/29/2019 | Posted in Interest Rates by Ron Hyde
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The Bank of Canada today maintained its target for the overnight rate. ... More
5/27/2019 | Posted in Interest Rates by Ron Hyde
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More
5/23/2019 | Posted in Financial Health by Ron Hyde
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Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC. ... More
5/23/2019 | Posted in Financial Health by Ron Hyde
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ... More
5/9/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More
5/6/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ... More
4/25/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage. ... More
4/24/2019 | Posted in Interest Rates by Ron Hyde
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Bank of Canada keeps rates steady, cuts language about future hikes. ... More
4/16/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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CIBC economist says regulators need to revisit rules that have made it harder to get a mortgage. ... More
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
4/2/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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Poloz's optimism Monday about the future could ease speculation the central bank could lower rates. ... More
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
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
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
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
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
2/22/2019 | Posted in Canadian Housing Market by Ron Hyde
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While a decline in sales in January 2018 was expected, the decline this January was disturbing. ... More
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
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
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
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
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
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
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
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
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