Mortgages
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.
Sep 27, 2023
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.
Expert: Interest Rates Are Putting The Brakes On Buying
"We aren't quite out of the woods when it comes to further rate hikes, as frustrating as that may be."
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.
Money
BC Mortgage Broker Under Investigation Has Sealing Order Denied, New Details Emerge
The BC Securities Commission launched an investigation into Greg Martel's mortgage company in late June.
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.
Mortgages
'The Straw That Breaks Borrowers’ Backs': July Rate Hike Piles On The Mortgage Pain
Wednesday’s interest rate hike doubles down on the affordability woes being experienced by many Canadian mortgage holders.
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.
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