9/26/2024 | Posted in Home Owners by Ron Hyde
SHARE
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
6/13/2024 | Posted in Government and Regulation by Ron Hyde
SHARE
The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches. ... More
9/8/2023 | Posted in Home Buyers by Ron Hyde
SHARE
It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that ... More
8/14/2023 | Posted in Home Buyers by Ron Hyde
SHARE
Originally introduced to mitigate borrower default risks in the event of rising interest rates, some brokers now argue that Canada’s mortgage stress test is no longer needed ... More
3/6/2020 | Posted in Toronto Real Estate by Ron Hyde
SHARE
Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'. And now the Bank of Canada is putting "kerosene on the fire" with ... More
2/27/2020 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More
2/18/2020 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
Ottawa changing stress test rate for insured mortgages starting April 6. ... More
2/10/2020 | Posted in GTA Real Estate by Ron Hyde
SHARE
Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ... More
2/5/2020 | Posted in Canadian Housing Market by Ron Hyde
SHARE
The chief executive of the Bank of Nova Scotia says Canada’s housing market needs more supply, not a major change to the mortgage stress test. ... More
1/8/2020 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
11/6/2019 | Posted in Canadian Housing Market by Ron Hyde
SHARE
Tighter mortgage regulations are making Canada’s housing market less risky, according to the government agency responsible for its oversight. ... More
8/24/2019 | Posted in Home Buyers by Ron Hyde
SHARE
New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests. ... More
7/21/2019 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years. ... More
7/18/2019 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp. ... More
6/17/2019 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
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 Mortgages and Real Estate by Ron Hyde
SHARE
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
5/22/2019 | Posted in Canadian Economy and Housing Market by Ron Hyde
SHARE
Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ... More
5/17/2019 | Posted in Home Buyers by Ron Hyde
SHARE
The Conservative Party leader says he's "absolutely committed" to reviewing the rule. ... More
5/1/2019 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than expected, ... More
4/16/2019 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
CIBC economist says regulators need to revisit rules that have made it harder to get a mortgage. ... More
4/3/2019 | Posted in GTA Real Estate by Ron Hyde
SHARE
Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB's MLS® System in March ... More
4/3/2019 | Posted in GTA Real Estate by Ron Hyde
SHARE
A flattened real estate market in the Greater Toronto Area has the region's real estate board again calling for revisions to stricter mortgage stress tests. ... More
3/12/2019 | Posted in Canadian Housing Market by Ron Hyde
SHARE
Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate. ... More
3/10/2019 | Posted in Canadian Economy and Housing Market by Ron Hyde
SHARE
Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says. ... More
3/3/2019 | Posted in Canadian Housing Market by Ron Hyde
SHARE
The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data. ... More
2/27/2019 | Posted in Canadian Housing Market by Ron Hyde
SHARE
Here's what it takes to buy an average-priced home in Canada's major cities — and how choosing a 30-year mortgage would change that. ... More
2/26/2019 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
Ten per cent of Canadians no longer qualify for a mortgage with banks. ... More
2/22/2019 | Posted in Canadian Housing Market by Ron Hyde
SHARE
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
SHARE
The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head. ... More
2/8/2019 | Posted in Canadian Housing Market by Ron Hyde
SHARE
The country’s overall real estate market remains “vulnerable” despite an easing in overvaluation in cities like Toronto and Victoria in the third quarter, ... More
Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.