9/19/2017 | Posted in Mortgages and Real Estate by Bill Henderson
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Last year’s mortgage rule changes placed roadblocks in front of millions of would-be buyers, but increased rates and future regulatory action may prove even more ... More

Real Estate & Mortgage News

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

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  9/12/2017 | Posted in Financial Health by Bill Henderson
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Canadian consumers can expect to feel some financial effects following the Bank of Canada's decision to raise the key interest rate.

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  9/7/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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Canada’s big banks were quick to announce increases to their prime lending rates to 3.2% Wednesday.

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Real Estate & Mortgage News

  9/6/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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The Bank of Canada forged ahead with another interest rate hike in a nod to the country’s surging economy, while signaling its appetite for further tightening may be ... More

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  9/1/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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The economy is growing at the fastest pace in 15 years and that has some analysts changing their calls for a Bank of Canada hike from October to next week.

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  8/30/2017 | Posted in Mortgages and Real Estate by Bill Henderson
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The market for insured mortgages has decreased due to new regulations introduced at the end of 2016.

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  8/22/2017 | Posted in Home Buyers by Bill Henderson
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A new report reveals Canadian sentiment about homebuying in Canada – including just how impactful the stress test might be.

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  8/22/2017 | Posted in Mortgages and Real Estate by Bill Henderson
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Finance Minister Bill Morneau says last October’s sweeping mortgage rule changes aimed at cooling Canada’s housing market have successfully dampened high-risk ... More

Real Estate & Mortgage News

  8/20/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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Mortgage rates are going up, according to a panel of experts. ... More

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  8/18/2017 | Posted in Home Buyers by Bill Henderson
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A prolonged regime of low-interest rates along with a steady trend of rising incomes have more than doubled the amount that Canadians are able ... More

Real Estate & Mortgage News

  8/16/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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The latest forecast from CIBC Capital Markets is for Canadian interest rates to increase again in December this year.

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Real Estate & Mortgage News

  8/14/2017 | Posted in Mortgages and Real Estate by Bill Henderson
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New mortgages continue to grow in Canada, according to a new report. There were just over 1 million new mortgage loans funded in Canada last year — up 1.4% ... More

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  7/31/2017 | Posted in Mortgages and Real Estate by Bill Henderson
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If the federal government forces mortgage lenders to carry more of the risk for delinquencies it could have a negative impact on the housing market and lead to an increase in ... More

Real Estate & Mortgage News

  7/31/2017 | Posted in Home Buyers by Bill Henderson
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A home is the largest purchase most people will make in their lives. That should reinforce the importance of planning ahead, doing your ... More

Real Estate & Mortgage News

  7/28/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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Canada’s economy accelerated far more than expected in May amid growth in the energy and manufacturing sectors, pointing to solid momentum in the second quarter ... More

Real Estate & Mortgage News

  7/24/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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Many of the world's central bankers, including in Canada, had been stubbornly tied to low-for-longer interest-rate regimes following the recession. That time has ... More

Real Estate & Mortgage News

  7/12/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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Three of Canada's biggest banks are boosting their prime lending rates by 25 basis points, following an interest rate hike from the central bank.

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Real Estate & Mortgage News

  7/12/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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The Central Bank raised its new target for the overnight rate to ¾% today, citing a confident financial outlook and above-potential ... More

Real Estate & Mortgage News

  7/12/2017 | Posted in Mortgages and Real Estate by Bill Henderson
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The stress tests on mortgages, introduced last fall by the federal government, is pushing some homebuyers into uninsured lending options.

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Real Estate & Mortgage News

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

Real Estate & Mortgage News

  6/30/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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Canada’s economy grew for a sixth consecutive month with gains in a majority of industries, underlining the central bank’s view a durable recovery from an oil shock ... More

Real Estate & Mortgage News

  6/22/2017 | Posted in Mortgages and Real Estate by Bill Henderson
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Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates ... More

Real Estate & Mortgage News

  6/15/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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The U.S. Federal Reserve raised its trend-setting interest rate on Wednesday for the third time in six months to the highest level since the global financial crisis hit in the ... More

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  6/14/2017 | Posted in Mortgages and Real Estate by Bill Henderson
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Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices soaring, according to a new ... More

Real Estate & Mortgage News

  6/12/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian ... More

Real Estate & Mortgage News

  6/12/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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The latest jobs performance could put pressure on the Bank of Canada to increase interest rates, according to one veteran.

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