Mortgages
Condos
Most Toronto Condo Investors Are Cash Flow Negative
Data from Urbanation and CIBC highlights the fact that the GTA is “facing the most significant test since the 1991 recession,” and condo investors are feeling it hard.
Jul 26, 2024
Real Estate News
June's Inflation Drop "Sets The Table" For July Rate Cut: RBC
After an unexpected upswing in May that left economists unsure about the likelihood of a July cut, headline CPI fell back down to 2.7% from 2.9% in June.
Economy
“More Likely Than Not”: CIBC Sticks To July Interest Rate Cut Prediction
May’s inflation uptick has had some experts faltering on their previously-held belief that the central bank will cut rates again this month — however, CIBC’s Avery Shenfeld is not in that camp.
Mortgages
“I'm 50/50 At This Point”: Is Another Interest Rate Cut Coming In July?
We spoke to experts from across the industry, including the Chief Economist at BMO, the Chief Market Analyst at TRREB , and the owner of a leading mortgage brokerage to get their forecasts for the July 24 announcement.
Country Calling: Get To Know Sherwood Park, A Beloved Alberta Hamlet
For those who prefer to opt out of urban life without being too far removed from modern comforts, hamlets like Sherwood Park, Alberta are a perfect landing place.
Mortgages
Ontario Mortgages In "Severe Delinquency" Top $1B Total For First Time Ever
In Ontario, the total mortgage balance reaching severe delinquency exceeded $1B for the first time.
Mortgages
HELOCs, Reverse Mortgages, and HESAs: Which Is Right For You?
Canadian homeowners have Home Equity Lines of Credit (HELOCs), reverse mortgages, and Home Equity Sharing Agreements (HESAs) available to them — but these options aren’t one-size-fits-all.
Mortgages
What The Interest Rate Cut Means For Canadians: Experts
This morning, Canada’s central bank said it would drop its interest rate by 25 basis points to 4.75%.
Economy
Where Every Big Bank Stands On Tomorrow's Interest Rate Announcement
With the next Bank of Canada interest rate announcement slated for tomorrow, speculation is rampant, with some experts convinced that we will — finally — see the first cut of the cycle.
Mortgages
How Much An Interest Rate Cut Will Save Average Canadian Homeowners
Canadians from coast to coast are eagerly anticipating some relief on the interest rate front come Wednesday, June 5th, when the Bank of Canada holds its latest rate announcement.
Mortgages
"All Ducks Appear To Be In A Row”: RBC Doubles Down On Interest Rate Cut
The announcement Canadian homebuyers – and would-be homebuyers – have been waiting for could be just days away. RBC Economics is doubling down on its forecast that the Bank of Canada (BoC) will finally kick-start its easing of sky-high interest rates on Wednesday, June 5th.
Mortgages
There's (Huge) Value In Getting A Second Opinion On Your Mortgage
Not shopping around puts future homebuyers, and existing owners, at risk of spending thousands more per year than they need to. In extreme cases, not shopping around for a better rate could even cost someone their home.
Mortgages
Canada's Mortgage Delinquency Rates Trend Up For First Time Since Pandemic
The upward trend in mortgage delinquency rates suggests Canadians' pandemic savings are wearing thin.
Mortgages
Difference In Total Interest Charges Between 25- And 30-Year Mortgage "Astronomical"
Zoocasa calculated how much the average monthly mortgage payment would be in 20 cities across Canada.
Load more