2/7/2019 | Posted in Mortgages and Real Estate by Bill Henderson
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The federal government appears to be considering a budget announcement that would allow first-time homebuyers to obtain 30-year insured mortgages, up from the 25-year limit ... More

30-year insured mortgages could make a comeback

  2/6/2019 | Posted in Mortgages and Real Estate by Bill Henderson
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Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility ... More

Regulator OSFI opens door to easing Canadian mortgage rules

  2/5/2019 | Posted in Mortgages and Real Estate by Bill Henderson
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Residential mortgage growth rose 3.1 per cent to $1.55 trillion in December from a year earlier, the slowest pace since May 2001, and half the growth rate from two years ago, ... More

Mortgage growth has shrunk to 17-year low

  1/30/2019 | Posted in Mortgages and Real Estate by Bill Henderson
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News report had claimed Finance Minister was thinking about expanding rules, but he says he's not

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Morneau not considering extending mortgage stress test to cover more lenders

  1/25/2019 | Posted in Mortgages and Real Estate by Bill Henderson
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Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders' ... More

Canada mulls measures to curb private lenders' growth

  1/22/2019 | Posted in Mortgages and Real Estate by Bill Henderson
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Those in the market for a Toronto home shouldn’t get too excited about the prospect of lower mortgage rates, says one economist.

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Lower mortgage rates won't do much for Toronto homebuyers

  12/14/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender

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Big banks tighten grip on mortgage market after rule changes stifle competition

  11/25/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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The main reason that 15% of Canadian homeowners refinanced their homes was to consolidate debt.

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The main reason Canadian homeowners refinance

  11/14/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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The bank says stress tests and higher interest rates have reduced the share of new high-leverage, insured loans to six per cent from 20 per cent in late 2016.

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Mortgage risks fading as Bank of Canada sees dramatic drop in highly indebted borrowers

  11/6/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More

Mortgage renewals have entered a new era

  11/5/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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Updated numbers from the Bank of Canada showed that the balance of insured mortgage debt suffered its largest decline in history.

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Insured mortgage levels way down in 2018

  10/31/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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Bank of Canada governor Stephen Poloz wants Canadians to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom ... More

Canadians should get used to idea of 3% interest rates

  10/21/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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A slowing economy and rising borrowing costs will probably push Canadian delinquency rates higher in coming months, according to the country’s largest credit reporting ... More

Rate hikes will push Canadian delinquencies higher

  10/1/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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The Conservative Party of Canada plans to make the mortgage stress test a hot button issue in time for next year’s election, but explaining such a convoluted issue to ... More

Mortgage stress test could become election issue

  9/20/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your ... More

Mortgages Soar For Canadians In Their 80s, 90s

  8/20/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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With an economy beating expectations and a range of indicators pointing to limited excess capacity, maintaining stable inflation is likely to require further rate hikes by the ... More

Interest rate hike likely in October says TD economist

  8/15/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC.

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There were fewer new mortgages in 2017 CMHC data shows

  7/18/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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A reverse mortgage can be a solution for some cash-strapped retirees, but it comes at a steep cost.

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Reverse mortgage: Is this the solution if you retire cash-poor?

  7/16/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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Canadians divided, even as interest rates appear set to rise according to a recent CIBC poll.

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Fixed or variable mortgage?

  7/12/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well.

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Canadians should buy smaller homes in response to interest hike, Bank of Canada head says

  7/11/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ... More

Bank of Canada raises overnight rate

  6/14/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ... More

Mortgage borrowing slides to lowest since 2014

  5/14/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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Despite rising interest and qualifying rates, the luxury sector of the housing market should remain largely unaffected.

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Rising rates percolating through market

  4/27/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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Latest data from Statistics Canada showed that mortgage interest costs increased by 2.8% in March, representing the biggest rise since April 2009.

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Mortgage interest costs see biggest growth since 2009

  4/15/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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The Bank of Canada is likely to raise interest rates twice more this year as the economy regains momentum in the current quarter but will hold them steady at its April 18 ... More

Bank of Canada to go slow and steady with two more rate hikes in 2018

  3/19/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to ... More

Uninsured mortgages buck housing trends across country

  3/9/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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The impact of the tightened mortgage rules introduced at the start of the year appears to be rising according to a recent report from RBC.

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Stress test effect is showing nationwide

  3/5/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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Canada’s economy decelerated more than expected in the second half of last year, amid signs indebted households have begun slowing down spending.

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GDP Growth could affect interest rates

  1/25/2018 | Posted in Mortgages and Real Estate by Bill Henderson
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The unprecedented rise in consumer debt means the Bank of Canada’s rate-hiking cycle is already the most severe in 20 years and further increases will have far graver ... More

Rate-hike cycle already the most severe in two decades
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