3/30/2021 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The national mortgage debt balance hit a new record high of $1.65 trillion in Q4 2020, according to data from Statistics Canada. ... More

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  3/25/2021 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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As many as 14% of millennials said that they have not been entirely truthful on a previous credit or loan application, compared to the national average of 7%, according to a ... More

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  3/17/2021 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Non-bank lenders have seen the rate of arrears on insured mortgages go roughly 50% higher than their uninsured counterparts, according to data from Statistics Canada. ... More

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  3/11/2021 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023. ... More

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  3/10/2021 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus campaign. ... More

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  3/8/2021 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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Investors see rising chances that the Bank of Canada would hike interest rates next year as the economic outlook improves, but the central bank is likely to push back against ... More

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  3/3/2021 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canadian mortgage rates are beginning to inch higher for the first time since before the COVID-19 crisis, reflecting the spike in long-term bond yields, but with home loans still ... More

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  3/1/2021 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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CIBC Deputy Chief Economist Benjamin Tal said many Canadians aren’t prepared for a shock to their mortgage rates as a result of volatility in the bond market. ... More

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  2/25/2021 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but CMHC says the risk of these borrowers falling into arrears could ... More

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  2/2/2021 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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While Canada’s economy recorded its largest-ever annual drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of ... More

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  2/2/2021 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Lenders "have never seen as many as they have now". ... More

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  1/27/2021 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Plan ahead when buying a home to save yourself time and stress. ... More

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  1/20/2021 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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In its latest policy announcement today, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5% percent and ... More

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  1/20/2021 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan. ... More

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  1/19/2021 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer. ... More

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  1/7/2021 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast. ... More

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  1/5/2021 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead. ... More

Real Estate & Mortgage News

  12/20/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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It was a significant jump year-on-year ... More

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  12/11/2020 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Bank says it could go lower than 0.25%, but remains deeply skeptical of negative interest rates ... More

Real Estate & Mortgage News

  12/9/2020 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%. ... More

Real Estate & Mortgage News

  11/24/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada. ... More

Real Estate & Mortgage News

  11/23/2020 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Several mortgage brokers are warning of a spike in rates once bond yields recover. ... More

Real Estate & Mortgage News

  11/10/2020 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Jubilation over the good news about a vaccine has taken markets by storm. For borrowers, good news is often bad news. ... More

Real Estate & Mortgage News

  10/13/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Approximately 11% of Canadian borrowers have not returned to a regular payment schedule. ... More

Real Estate & Mortgage News

  10/8/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth. ... 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

  9/25/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The largest share of new mortgages in Canada is still with the big banks, according to the Canada Mortgage and Housing Corporation. ... More

Real Estate & Mortgage News

  9/18/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end. ... More

Real Estate & Mortgage News

  9/10/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

Real Estate & Mortgage News

  9/9/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion ... More

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