Mortgages
Mortgages
Why The Mortgage Renewal 'Wall' Could Be More Of A "Modest Headwind"
Senior Economist at BMO Robert Kavcic explains why most Canadian homeowners will survive the 4 million+ mortgage renewals set to take place over the next two years.
Nov 13, 2024
Mortgages
85% Of Mortgages Up For Renewal In 2025 Face Higher Interest Rates
A certain percentage of those with mortgages up for renewal in 2025 could experience interest rates anywhere from 1% to 2.25% higher than when they entered into their last term.
Economy
Where Every Big Bank Stands On Wednesday's Interest Rate Announcement
Another quarter-point drop is on the table this week, but economists with Canada’s ‘Big Five’ banks are by and large thinking bigger.
Economy
How Key Are Interest Rate Cuts To Restoring Housing Affordability?
Ahead of the expected October rate cut, we take a look the role cuts will play in restoring housing affordability and what other factors might have a larger role to play in Canada's quest for attainable housing.
For Homebuyers Seeking Convenience And Calm, Innisfil Has It All
Innisfil's picturesque shorelines, fresh air, and nature trails provide a serene escape from the bustling city.
Mortgages
Refinancing 90% Of A Home’s Value Could Lead To "Massive" Debts
On Tuesday, the Government of Canada announced a new insured mortgage refinancing product that is causing some in the real estate industry to scratch their heads.
Mortgages
“All About Gentle Density”: Feds Unveil New Mortgage Refinancing For Secondary Suites
Somewhat jarringly, the product will allow eligible homeowners to access up to 90% of their property’s value, including the value added by the secondary suite, with a property value limit up to $2 million.
Finance
How The Numbers Behind Mortgage Switching Might Change Amid OSFI’s New Rules
Eliminating the stress test from renewals with a new lender not only makes things easier for borrowers, but facilitates more competition in the financial sector.
Toronto
Toronto Ranks 5th Most At Risk For Housing Bubble Globally
Toronto's risk score improved in 2024, though slower rent and income growth have kept the city in "elevated" risk territory.
Mortgages
The Best Way Agents Can Help Protect Clients From Real Estate Fraud
As the real estate industry continues to evolve, it's crucial to stay informed and take proactive steps to protect your investments. Tools like Interac Verified can help you do just that.
Mortgages
Feds Introduce Two Substantial New Mortgage Reforms
The reforms, which include greatly expanded eligibility for 30-year mortgage amortizations as well as a price cap increase for insured mortgages, are intended to make homeownership more attainable and affordable for Canadians.
Economy
Where Every Big Bank Stands On Tomorrow’s Interest Rate Announcement
Economists with Canada’s ‘Big Five’ banks are unanimously calling for an interest rate cut tomorrow, but there is some diversity in views when it comes to the announcements to follow.
Mortgages
Worried About Higher Mortgage Payments? A HESA Can Help
With The Home Equity Partners’ recent introduction of the Home Equity Sharing Agreement (HESA) to the GTA, potentially distressed borrowers have a new solution — one that sidesteps many pitfalls.
Mortgages
Mortgages In "Severe Delinquency" Have Surged 67% In Ontario
A report from Equifax Canada found that cost of living and rising unemployment have led delinquencies to surge in the province, though nationally, rates remain below pre-pandemic levels.
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