11/23/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September. ... More
11/9/2023 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
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
6/13/2023 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
SHARE
Could the prospect of persistently high rates spell trouble for the market’s stability? ... More
3/28/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
SHARE
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
10/10/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
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
9/16/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud. ... More
9/6/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ... More
7/28/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
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
7/18/2019 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
SHARE
Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived. ... More
7/17/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
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
6/17/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
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
6/11/2019 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
SHARE
Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ... More
5/9/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More
5/6/2019 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
SHARE
Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ... More
3/12/2019 | Posted in Canadian Housing Market by Sam Cuda & Nancy Cuda
SHARE
Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate. ... More
2/5/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
Residential mortgage growth rose 3.1 per cent to $1.55 trillion in December from a year earlier, the slowest pace since May 2001, and half the growth rate from two years ago, ... More
12/14/2018 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender ... More
12/6/2018 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
SHARE
If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed. ... More
11/14/2018 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
The bank says stress tests and higher interest rates have reduced the share of new high-leverage, insured loans to six per cent from 20 per cent in late 2016. ... More
11/5/2018 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
Updated numbers from the Bank of Canada showed that the balance of insured mortgage debt suffered its largest decline in history. ... More
10/5/2018 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
SHARE
Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC. ... More
9/20/2018 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your ... More
9/13/2018 | Posted in Real Estate News by Sam Cuda & Nancy Cuda
SHARE
Canada’s mortgage industry saw slowing growth in the second quarter of 2018 as stress tests and rising interest rates made an impact. ... More
8/15/2018 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC. ... More
6/14/2018 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ... More
5/28/2018 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
SHARE
Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving Canadian ... More
5/16/2018 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
SHARE
First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year mortgage ... More
4/27/2018 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
Latest data from Statistics Canada showed that mortgage interest costs increased by 2.8% in March, representing the biggest rise since April 2009. ... More
1/4/2018 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
SHARE
By all indications, 2017 has proven to be a tumultuous period in the mortgage and real estate spheres, but a markets observer argued that this year will offer a measure of respite ... More
Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and we'll get back to you promptly.