9/22/2023 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high. ... More

Real Estate & Mortgage News

  9/14/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest ... More

Real Estate & Mortgage News

  8/23/2023 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon. ... More

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  8/14/2023 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Originally introduced to mitigate borrower default risks in the event of rising interest rates, some brokers now argue that Canada’s mortgage stress test is no longer needed ... More

Real Estate & Mortgage News

  8/2/2023 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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A prolonged period of heightened interest rates will be critical to Canada’s central bank reaching its inflation target, a former Bank of Canada Governor said. ... More

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  7/26/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise. ... More

Real Estate & Mortgage News

  7/15/2023 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada hiked interest rates again this week in response to persistently high inflation, prompting questions about the role of mortgages in the ongoing battle with high ... More

Real Estate & Mortgage News

  7/13/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Following the Bank of Canada’s latest interest rate hike, experts say Canadian mortgage owners will feel the impact of higher borrowing costs, either in the form of higher ... More

Real Estate & Mortgage News

  7/6/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Ottawa has published a new set of guidelines to standardize how Canada’s federally regulated lenders offer mortgage relief to consumers struggling under the weight of higher ... More

Real Estate & Mortgage News

  6/28/2023 | Posted in Canada Living by Sam Cuda & Nancy Cuda
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Inflation cooled on a month-over-month basis in May, but one factor that has been unrelenting in driving the consumer price index higher is mortgage interest costs — and the ... More

Real Estate & Mortgage News

  6/27/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More

Real Estate & Mortgage News

  6/27/2023 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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Economists weigh in on the possibilities for the central bank’s policy rate ... More

Real Estate & Mortgage News

  6/24/2023 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Mortgage lenders, including most of the big banks, have continued to hike their fixed mortgage rates following the recent surge in Government of Canada bond yields, which are used ... More

Real Estate & Mortgage News

  6/22/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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While the pain of elevated interest rates is already hitting those with variable-rate mortgages, the sticker shock of higher payments might not be felt for a couple years among ... More

Real Estate & Mortgage News

  6/11/2023 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year high ... More

Real Estate & Mortgage News

  6/7/2023 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Variable-rate mortgage holders are in for “more pain” following the Bank of Canada’s half-expected decision to hike interest rates again. ... More

Real Estate & Mortgage News

  5/31/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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While a large number of mortgage holders have seen their monthly payment rates jump over the past year due to rising interest rates, the Bank of Canada (BoC) says the impact could ... More

Real Estate & Mortgage News

  5/29/2023 | Posted in Interest Rates by Sam Cuda & Nancy Cuda
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The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. ... More

Real Estate & Mortgage News

  5/25/2023 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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The federal housing agency has revealed the latest industry trends ... More

Real Estate & Mortgage News

  5/24/2023 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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The central bank has kept the policy rate frozen at 4.5% in its two most recent meetings ... More

Real Estate & Mortgage News

  4/21/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ... More

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

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

  3/28/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and job ... 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

  3/17/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system. ... More

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  3/4/2020 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More

Real Estate & Mortgage News

  3/4/2020 | Posted in Canadian Housing Market by Sam Cuda & Nancy Cuda
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Lower mortgage rates likely to offset any major drag from a global outbreak ... More

Real Estate & Mortgage News
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