Mortgages

Semi-detached brick houses in Toronto.
Mortgages

One-Fifth Of Homeowners Worry "All The Time" About Affording Their Mortgage At Renewal

Interest rates have risen from 0.25% to 5% in 18 months, inducing anxiety in homeowners with looming mortgage renewals.

Real Estate News

Half Of Canadians Think They Will Never Be Able To Buy A Home

The share of Canadians who think they will never break into the housing market has edged up 15% over the past six months, according to a new report.

Real Estate News

Latest BoC Rate Pause Comes Amid ‘Stiffer Headwinds’ For Housing Market

“We all know that it’s hard to keep this market down, but the headwinds are stiffer than they were the last time the Bank of Canada stepped aside,” says BMO Senior Economist Robert Kavcic.

Mortgages

Variable Vs. Fixed: Here’s How Mortgage Payments Stacked Up Over The Past 2 Years

One mortgage comparison platform says variable-rate mortgage holders have had to shell out 63% more in total interest than their fixed-rate counterpart.

Mortgages

How Much Do Canadians Know About Their Mortgages? It Turns Out Not Much

Most Canadian mortgage holders don’t know their monthly payment ‘without looking it up’ — but experts point out that today's borrowers are facing an unprecedented level of nuance.

Real Estate News

Majority Of Canadians Worried About Paying Rent Or Mortgage Over Last Two Months

High mortgage rates and rapidly rising rents have caused more than half of Canadians to worry about their ability to afford monthly payments on their homes.

Money

“Mortgage Malaise”: Over A Third Of Canadians Regret Their Current Mortgage

The Real Estate and Mortgage Institute of Canada reports that “mortgage malaise” is setting in amongst Canadian borrowers, with 45% anticipating they will be paying off their mortgages until the age of 60.

Personal Finance

Household Mortgage Debt Sees Slowest Pace Of Growth In Over 11 Years

Although household mortgage debt rose in May and surpassed $2.1T, the increase marked the slowest pace of growth since December 2011.

Mortgages

Mortgage Holders, Renters “Bracing For Impact” In The Wake Of 10th Rate Hike

A new poll from the Angus Reid Institute sheds light on how July's interest rate hike is weighing on Canadian mortgage holders and renters.

Personal Finance

What Will Be The BoC’s Next Interest Rate Move? Some Experts Say It's A “Coin Toss”

There’s no shortage of speculation surrounding the next BoC interest rate decision, slated for Wednesday, July 12.

Mortgages

New FCAC Guidelines Protect Mortgage Holders At Risk Of Default

Canada's financial watchdog is ensuring that banks are providing the necessary supports to mortgage holders at risk of default.