9/12/2017 | Posted in Mortgage News by Bill Henderson
  SHARE

The number of Canadians who applied for a fixed-rate mortgage in August saw a substantial spike, with 59.31% of users on the LowestRates.ca website opting for a fixed-rate ... More

Consumers Rush to Lock in Mortgage Rates ahead of Bank of Canada Rate Hikes

  8/9/2017 | Posted in Mortgage News by Bill Henderson
  SHARE

The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 ... More

Refinancing is driver of new loans growth: CMHC

  7/7/2017 | Posted in Mortgage News by Bill Henderson
  SHARE

New rules proposed by the federal government to curb financial risks associated with the country's hot housing markets could make it more difficult to secure a ... More

Proposed mortgage rules aim to reduce financial risk in Canada's hot housing markets

  6/15/2017 | Posted in Mortgage News by Bill Henderson
  SHARE

Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least ... More

Canada's central bank acts to defuse housing market threat

  4/28/2017 | Posted in Mortgage News by Bill Henderson
  SHARE

The Ontario government will shift regulation of syndicated mortgage investment products to the Ontario Securities Commission in a move to toughen oversight of a rapidly growing ... More

Ontario moves to toughen oversight of syndicated mortgage investments

  2/17/2017 | Posted in Mortgage News by Bill Henderson
  SHARE

The Canadian lending market will enter a period of relative cooling in the next few years as far-reaching changes to mortgage rules finally begin to make themselves felt, ... More

Lending market to slow down noticeably in the next few years: CIBC

  12/7/2016 | Posted in Mortgage News by Bill Henderson
  SHARE

The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as economic conditions move along largely in line with its expectations.

... More

Bank of Canada maintains overnight rate target at 1/2 per cent

  11/17/2016 | Posted in Mortgage News by Bill Henderson
  SHARE

Canada Mortgage and Housing Corp. says its stress testing shows it will be able to withstand even the most extreme economic scenarios.

... More

CMHC passes stress test extreme scenarios

  11/14/2016 | Posted in Mortgage News by Bill Henderson
  SHARE

Homeowners could be facing mortgage insurance price increases next year according to the boss of Canada’s largest private mortgage insurer.

... More

Mortgage insurance premiums set to rise

  10/11/2016 | Posted in Mortgage News by Bill Henderson
  SHARE

The new mortgage rules being introduced by Ottawa next week are already having a “crippling” impact on non-bank mortgage lenders according to online broker Butler ... More

Non-banks

  10/7/2016 | Posted in Mortgage News by Bill Henderson
  SHARE

The dynamism of the Canadian mortgage market itself might be at risk due to the tighter regulations announced by Finance Minister Bill Morneau earlier this week, an observer ... More

New rules will cool down mortgage market, not home prices

  10/7/2016 | Posted in Mortgage News by Bill Henderson
  SHARE

Fully one-third of consumers would encounter difficulties in meeting the new debt service ratios as outlined by the tightened mortgage measures introduced by Finance Minister ... More

Genworth: One-third of mortgage consumers at risk due to new measures

  9/27/2016 | Posted in Mortgage News by Bill Henderson
  SHARE

Two major Canadian banks have closed a loophole that allowed new Canadians here for less than five years to bypass income verification when purchasing a home.

... More

Getting a mortgage at two major Canadian banks just got harder for some new Canadians

  9/14/2016 | Posted in Mortgage News by Bill Henderson
  SHARE

Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise.

... More

1 million Canadians would struggle with interest rate rise: TransUnion

  9/12/2016 | Posted in Mortgage News by Bill Henderson
  SHARE

Canada’s financial regulator released proposed new mortgage rules that could see the country’s lenders hold more capital to offset risks.

... More

Canada regulator sets out stricter mortgage rules for banks

  8/16/2016 | Posted in Mortgage News by Bill Henderson
  SHARE

The federal government may require banks and other mortgage lenders to pay a deductible to protect taxpayers from risky hot housing markets.

... More

Ottawa reconsiders 'risk sharing' by mortgage lenders

  7/13/2016 | Posted in Mortgage News by Bill Henderson
  SHARE

he Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the ... More

Bank of Canada maintains overnight rate target at 1/2 per cent

  6/28/2016 | Posted in Mortgage News by Bill Henderson
  SHARE

Rising house prices are increasing demand for mortgages with 30 year amortizations as buyers choose – or are forced by the cost – to spread their home loan over ... More

30 years becoming norm for paying down mortgage

  3/16/2016 | Posted in Mortgage News by Bill Henderson
  SHARE

Mortgage lenders may have to pay a deductible to the CMHC for any claims made on loans the agency insures.

... More

CMHC considers deductible for mortgage claims

  11/6/2015 | Posted in Mortgage News by Bill Henderson
  SHARE

New figures from one of Canada’s largest banks and mortgage lenders shows the continuing growth of household debt. RBC’s report reveals that total consumer debt is ... More

Canada's consumers owe $1.8 trillion as mortgages soar

  11/2/2015 | Posted in Mortgage News by Bill Henderson
  SHARE

The Royal Bank of Canada scrapped an internal limit on mortgage loan size for immigrants in the spring to tap into surging demand for financing on multi-million dollar houses ... More

Royal Bank of Canada scraps limit on size of newcomer mortgages

  9/17/2015 | Posted in Mortgage News by Bill Henderson
  SHARE

Canadian households are adding debt at an increasing pace and it’s being driven by mortgage which account for 80 per cent of the debt. CIBC says that it is not housing ... More

Mortgage borrowing drives escalating Canadian debt: CIBC

  7/17/2015 | Posted in Mortgage News by Bill Henderson
  SHARE

The federal government may be ready to take direct aim at Canada’s red-hot housing market, and is actively consulting on a move to increase the minimum down payment ... More

Ottawa eyes tougher new mortgage rules, larger down payments, to curb Canada's red hot housing market

  6/30/2015 | Posted in Mortgage News by Bill Henderson
  SHARE

Mortgage borrowing increased in May as low interest rates boosted sentiment. Bank of Canada figures show that total household debt was $1.835 trillion, up by 4.8 per cent ... More

Canadians increased mortgage borrowing in May

  5/30/2015 | Posted in Mortgage News by Bill Henderson
  SHARE

Economists had all but given up on a further rate cut, but after a look at Friday’s dismal GDP data, many figure the Bank of Canada might opt for a bit more ... More

Bank of Canada's July meeting just got a lot more interesting: Bets on rate cut rise after dismal GDP data

  5/29/2015 | Posted in Mortgage News by Bill Henderson
  SHARE

Canada’s national housing agency says it’s now insuring a record low 50 per cent of new residential mortgages, and it doesn’t intend to let it drop any ... More

CMHC goes from insuring 90% of new mortgages to only 50% ? and that's as low as it plans to go

  4/15/2015 | Posted in Mortgage News by Bill Henderson
  SHARE

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is ... More

Bank of Canada maintains overnight rate target at 3/4 per cent

  1/21/2015 | Posted in Mortgage News by Bill Henderson
  SHARE

OTTAWA - Bank of Canada governor Stephen Poloz says the economy has been suffering from the effects of an "oil shock," so he prescribed a remedy: an unexpected ... More

Bank of Canada cuts its key interest to 0.75 per cent
Ask Bill Henderson

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.

Security Question: 3 + 5 =