1/25/2024 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022. ... More

Real Estate & Mortgage News

  12/13/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canada’s banking regulator confirmed it will leave the mortgage stress test for uninsured mortgages unchanged. ... More

Real Estate & Mortgage News

  12/13/2023 | Posted in Canadian Housing Market by Sam Cuda & Nancy Cuda
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Some home sellers are struggling to find buyers amid high mortgage costs, according to an economist who says Canada’s housing market is in the midst of “a very healthy ... More

Real Estate & Mortgage News

  12/11/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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In its third-quarter earnings call, Scotiabank said it was undertaking a strategy of “customer deselection at renewal” as part of its efforts to slow its mortgage ... More

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  11/15/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon ... More

Real Estate & Mortgage News

  11/9/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages outstanding ... More

Real Estate & Mortgage News

  10/31/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canadian homeowners are facing a significant payment shock on their mortgages unless interest rates decline in the coming years, according to a new Royal Bank of Canada (RBC) ... More

Real Estate & Mortgage News

  10/25/2023 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures. ... More

Real Estate & Mortgage News

  10/20/2023 | Posted in Mortgage News by Sam Cuda & Nancy Cuda
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Many in the mortgage industry reacted with surprise after learning about a little but very important nugget buried in an OSFI report released earlier this week. ... More

Real Estate & Mortgage News

  10/18/2023 | Posted in Home Owners by Sam Cuda & Nancy Cuda
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Police forces and legal experts in Ontario are pushing for the provincial government to make legislative changes that would reduce elaborate fraud scams targeting homeowners. ... More

Real Estate & Mortgage News

  10/18/2023 | Posted in Mortgage News by Sam Cuda & Nancy Cuda
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Canada’s banking regulator has revealed its decision on initial public consultation regarding its B-20 guidelines, indicating in a statement yesterday that it will not ... More

Real Estate & Mortgage News

  10/12/2023 | Posted in Home Owners by Sam Cuda & Nancy Cuda
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Canada’s banking regulator says the sustained increases in interest rates over the past 18 months have challenged some borrowers’ ability to pay and led to a ... More

Real Estate & Mortgage News

  10/7/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated. ... More

Real Estate & Mortgage News

  10/2/2023 | Posted in Home Owners by Sam Cuda & Nancy Cuda
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With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain as ... More

Real Estate & Mortgage News

  9/29/2023 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise. ... More

Real Estate & Mortgage News

  9/27/2023 | Posted in Mortgage News by Sam Cuda & Nancy Cuda
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Canadian banks have approximately $250 billion in mortgages with repayment terms set at 35 years or longer ... More

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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
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