8/20/2019 | Posted in Interest Rates by Ron Hyde
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More

Real Estate & Mortgage News

  8/9/2019 | Posted in Canadian Housing Market by Ron Hyde
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Homeownership rates are higher now than they were two decades ago according to a new analysis from Statistics Canada. ... More

Real Estate & Mortgage News

  7/28/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate. ... More

Real Estate & Mortgage News

  7/18/2019 | Posted in Mortgage Interest Rates by Ron Hyde
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived. ... More

Real Estate & Mortgage News

  7/17/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government ... More

Real Estate & Mortgage News

  7/10/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More

Real Estate & Mortgage News

  6/18/2019 | 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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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