10/3/2020 | Posted in GTA Real Estate by Sam Cuda & Nancy Cuda
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There is an alarming trend that is quite rampant in the Toronto area, and it’s causing havoc on real estate transactions. Perhaps other cities in Canada are experiencing the ... More

Real Estate & Mortgage News

  9/28/2020 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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In light of the past six months of COVID-19-triggered uncertainty, home sales in Canada have been shockingly brisk as a combination of FOMO and low interest rates keep drawing ... More

Real Estate & Mortgage News

  9/22/2020 | Posted in New Developments by Sam Cuda & Nancy Cuda
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Shortages for lumber and other building materials are driving up construction costs this year. ... More

Real Estate & Mortgage News

  9/18/2020 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Record-low interest rates appear to be a major factor. ... More

Real Estate & Mortgage News

  8/12/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More

Real Estate & Mortgage News

  8/10/2020 | Posted in Mortgage News by Sam Cuda & Nancy Cuda
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Effective this week, it gets a little easier to buy a house or refinance. ... More

Real Estate & Mortgage News

  7/13/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Renewal and refinance activity has spiked since lockdowns were lifted according to a recent report. ... More

Real Estate & Mortgage News

  7/9/2020 | Posted in Canadian Housing Market Predictions by Sam Cuda & Nancy Cuda
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Strong June home sales data from Toronto and Vancouver finally gave wary homebuyers and industry professionals the dose of good news that they’d sorely needed. ... More

Real Estate & Mortgage News

  6/30/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for ... More

Real Estate & Mortgage News

  6/23/2020 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ... More

Real Estate & Mortgage News

  6/12/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1. ... More

Real Estate & Mortgage News

  6/4/2020 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Canada’s housing agency is tightening rules to make it more difficult for higher-risk borrowers to qualify for mortgage insurance. ... More

Real Estate & Mortgage News

  5/24/2020 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent according a new report. ... More

Real Estate & Mortgage News

  5/16/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week. ... More

Real Estate & Mortgage News

  3/31/2020 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic. ... More

Real Estate & Mortgage News

  3/18/2020 | Posted in Mortgage News by Sam Cuda & Nancy Cuda
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Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers. ... More

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  2/10/2020 | Posted in GTA Real Estate by Sam Cuda & Nancy Cuda
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ... More

Real Estate & Mortgage News

  1/3/2020 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer. ... More

Real Estate & Mortgage News

  12/13/2019 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey. ... More

Real Estate & Mortgage News

  11/25/2019 | Posted in Canadian Housing Market by Sam Cuda & Nancy Cuda
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Canadians are satisfied with their homes and neighbourhoods but will probably not stay put according to a new survey. ... More

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  9/6/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ... More

Real Estate & Mortgage News

  8/10/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes. ... More

Real Estate & Mortgage News

  7/28/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate. ... More

Real Estate & Mortgage News

  7/21/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years. ... More

Real Estate & Mortgage News

  7/18/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp. ... More

Real Estate & Mortgage News

  7/17/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government ... More

Real Estate & Mortgage News

  7/3/2019 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics. ... More

Real Estate & Mortgage News

  6/17/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ... More

Real Estate & Mortgage News
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