3/14/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The latest data shows Canadians are spending 7.66% of their household disposable income on servicing their mortgage debt. ... More

Mortgage debt taking up a record share of income

  2/3/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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An analysis of homeowners' loan-to-value ratios reveals resilient position despite challenges. ... More

Are mortgage borrowers a risk to Canadian housing market?

  1/26/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Central bank signalled it would put the rate hiking cycle on pause - at least for now ... More

Bank of Canada comments offer light at the end of the tunnel for real estate, mortgage markets, experts say

  1/3/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Despite a strong start to the year, real estate in 2022 was largely defined by a lack of affordability, spurred by one of the most polarizing interest rate hike cycles in Bank of ... More

What to Expect From Canadian Real Estate in 2023

  12/12/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The Bank of Canada’s interest rate hikes this year have “begun to work” to cool Canada’s overheated economy and slow inflation, the central bank’s ... More

Much higher interest rates will be needed if inflation sticks, says Macklem

  11/21/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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At least two of Canada’s largest mortgage lenders allow borrowers to shift a portion of their interest costs onto the principal owed on their mortgages, helping them cope ... More

Major mortgage lenders let borrowers shift unpaid interest onto principal to cope with rising costs

  11/1/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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A new survey has found that 53% of Canadian mortgage borrowers are concerned about the prospect of higher monthly payments at renewal time. ... More

Over half of mortgage borrowers concerned about renewals

  8/8/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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There has been a lot of discussion recently about how variable-rate mortgage holders could face their “trigger point.” We’re going to explore what that means, ... More

Variable-rate mortgages are about to trigger payment increases

  8/5/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Trend builds on substantial annual increase in Canadian residential mortgage debt last year. ... More

StatCan: Mortgage activity remains strong among non-bank lenders

  7/18/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction ... More

Interest rate hike like a 'hammer to housing': BMO senior economist

  7/13/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years. ... More

How the Bank of Canada's rate hike will impact mortgages, loans and spending

  7/13/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway ... More

Bank of Canada hikes rate to 2.5% - here's what it means for you

  7/8/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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As interest rates tick up, financial experts expect to see delinquency on home equity lines of credit rise in the next few months, especially if inflation refuses to budge. ... More

Delinquent HELOC debt expected to soon rise as interest rates increase, say experts

  6/21/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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An obscure feature of variable-rate mortgages may push up the monthly payments for an increasing number of borrowers. ... More

Monthly payments on variable-rate mortgages could increase as borrowers near their 'trigger rate'

  6/17/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Experts say extending the amortization period for your mortgage could keep your monthly payments in check even as you face higher interest rates, but caution that doing so comes ... More

Extending mortgage period could keep payments in check even as rates rise

  4/17/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

Canadian banks have processed 670,000 mortgage deferrals in first month

  4/4/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, ... More

Canada's big banks field half a million mortgage deferral requests

  3/26/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canada beefs up liquidity plan with expanded mortgage guarantee ... More

CMHC expands Insured Mortgage Purchase Program

  3/5/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... More

What the Bank of Canada rate cut means for mortgages

  2/27/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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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

Changing the stress test may raise credit risk for banks says Fitch

  2/19/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ... More

OSFI considering new benchmark rate for uninsured mortgages

  2/18/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Ottawa changing stress test rate for insured mortgages starting April 6. ... More

Morneau unveils new insured mortgage stress test rate

  1/22/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... More

Bank of Canada Holds Rates, Shows Less Confidence in Outlook

  1/22/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The current lending rules in Canada are geared towards shorter-mortgage terms ... More

Why longer-term mortgages could be beneficial

  1/17/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... More

Ultra-low Rates Will Persist: RBC

  1/8/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More

CEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test

  10/10/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s central ... More

Canadian mortgage debt growth continues unabated

  9/25/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Employment figures had a major influence on the market's dynamics. ... More

Low interest rates are the market's lifeline during tougher times

  9/19/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ... More

More Fed cuts expected to push Canadian interest rates lower
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