2/19/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ... More
2/18/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Ottawa changing stress test rate for insured mortgages starting April 6. ... More
2/10/2020 | Posted in GTA Real Estate by Ron Hyde
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ... More
1/29/2020 | Posted in Mortgage Interest Rates by Ron Hyde
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down ... More
1/28/2020 | Posted in Financial Health by Ron Hyde
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Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More
1/22/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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The current lending rules in Canada are geared towards shorter-mortgage terms ... More
1/17/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... More
12/31/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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TD economists says the cost of servicing debts should ease early in 2020 ... More
11/29/2019 | Posted in Mortgage Interest Rates by Ron Hyde
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Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting. ... More
11/22/2019 | Posted in Canadian Housing Market by Ron Hyde
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Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ... More
10/21/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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The cost of living was higher across many products and services in September. ... More
10/10/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s central ... More
9/25/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Employment figures had a major influence on the market's dynamics. ... More
9/19/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ... More
9/16/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud. ... More
9/6/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ... More
9/4/2019 | Posted in Interest Rates by Ron Hyde
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The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ... More
8/24/2019 | Posted in Home Buyers by Ron Hyde
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New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests. ... More
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
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
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
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
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
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
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
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
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