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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  9/1/2017 | 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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  8/16/2017 | 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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  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

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  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

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  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

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  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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  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

  6/15/2017 | 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

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  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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Real Estate & Mortgage News

  6/8/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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Rates at alternative lenders have increased by as much as 150 basis points since the start of April

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Real Estate & Mortgage News

  5/30/2017 | Posted in Mortgages and Real Estate by Bill Henderson
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Canada's housing agency saw a sharp decline in the number of home buyers who qualified for mortgage insurance under tougher rules implemented last fall.

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Real Estate & Mortgage News

  5/3/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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The current troubles of Home Capital Group might lead to higher mortgage rates for less credit-worthy borrowers if concerns about the sector trigger an increase in funding ... More

Real Estate & Mortgage News

  4/28/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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Here’s the least surprising news you’ll hear all day: Interest rates are not doing what most experts predicted.

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Real Estate & Mortgage News

  4/13/2017 | Posted in Home Buyers by Bill Henderson
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Almost 1 in 4 homebuyers is buying on their own, often due to unexpected life changes. A new survey from TD found that 69 per cent of divorced and 35 per cent of widowed ... More

Real Estate & Mortgage News

  3/20/2017 | Posted in Mortgages and Real Estate by Bill Henderson
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With mortgage insurance premiums rising, homebuyers whose down payments are just shy of 20 per cent may be considering whether to tap extra sources of credit in order to avoid ... More

Real Estate & Mortgage News

  3/17/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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The possible impacts of the U.S. Federal Reserve’s decision on March 15 (Wednesday) to raise its key interest rate from 0.75 per cent to 1 per cent should not be ... More

Real Estate & Mortgage News

  3/15/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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The Federal Reserve has raised its benchmark interest rate for the second time in three months and signalled that any further hikes this year will be gradual. Higher rates ... More

Real Estate & Mortgage News

  3/14/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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Locking in a rate before mortgages become more expensive is the best choice at present, as recent developments have pointed at a possible U.S. Federal Reserve rate hike in ... More

Real Estate & Mortgage News

  3/8/2017 | Posted in Mortgages and Real Estate by Bill Henderson
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The Canada Mortgage and Housing Corp. has announced that it will be implementing a hike on the premiums on its insured loans, with the increases calculated based on down ... More

Real Estate & Mortgage News

  3/1/2017 | Posted in Mortgages and Real Estate by Bill Henderson
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Canada's financial industry is urging Ottawa to consider alternatives to proposals that could require them to take on a greater share of mortgage defaults — calling ... More

Real Estate & Mortgage News

  2/24/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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In the wake of its report on the unsustainability of the Canadian housing market, Fitch Ratings predicted that mortgage rates will remain at record-low levels for the first six ... More

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