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  1/25/2024 | Posted in Mortgages and Real Estate by Dan Antia
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Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022. ... More

Under-35 households lead the way in reducing mortgage debt, StatCan reports

  12/27/2023 | Posted in Mortgages and Real Estate by Dan Antia
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As we look back at the year that was, we can say 2023 was a year that tested the resilience of Canadian mortgage holders. And as we look forward, there’s optimism that 2024 ... More

2024 housing market and interest rate forecasts

  12/13/2023 | Posted in Mortgages and Real Estate by Dan Antia
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Canada’s banking regulator confirmed it will leave the mortgage stress test for uninsured mortgages unchanged. ... More

Latest in Mortgage News: OSFI leaves stress test rate unchanged

  12/11/2023 | Posted in Mortgages and Real Estate by Dan Antia
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In its third-quarter earnings call, Scotiabank said it was undertaking a strategy of “customer deselection at renewal” as part of its efforts to slow its mortgage ... More

Mortgage deselection: Can your lender choose not to renew your mortgage?

  11/23/2023 | Posted in Mortgages and Real Estate by Dan Antia
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High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September. ... More

Mortgage activity down 25% from 2022 and fixed rates remain top choice, stats show

  11/21/2023 | Posted in Mortgages and Real Estate by Dan Antia
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From a crackdown to short-term rentals to new investments to create more housing supply, the federal government made housing a key component of its Fall Economic Statement ... More

Overview of housing initiatives in the government's Fall Economic Statement

  11/15/2023 | Posted in Mortgages and Real Estate by Dan Antia
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Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon ... More

Mortgage market risks rising in high-rate environment: CMHC

  11/9/2023 | Posted in Mortgages and Real Estate by Dan Antia
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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

New mortgage activity slowing - but debt continues rising, says CMHC

  10/31/2023 | Posted in Mortgages and Real Estate by Dan Antia
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Canadian homeowners are facing a significant payment shock on their mortgages unless interest rates decline in the coming years, according to a new Royal Bank of Canada (RBC) ... More

Most Canadian mortgage holders facing big payment shock: RBC

  10/7/2023 | Posted in Mortgages and Real Estate by Dan Antia
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Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated. ... More

Mortgage renewals could cause severe downturn

  9/14/2023 | Posted in Mortgages and Real Estate by Dan Antia
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Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest ... More

Mortgage interest costs now up over 80% since the start of the BoC's rate hikes

  8/6/2023 | Posted in Mortgages and Real Estate by Dan Antia
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With the Bank of Canada’s interest rate hikes aimed at fighting inflation, the housing market in Canada experienced a slight drop in prices, according to a new report from ... More

New report examines how rising interest rates have impacted home prices in Canada

  7/26/2023 | Posted in Mortgages and Real Estate by Dan Antia
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The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise. ... More

What impact might OSFI's new proposals have on borrowing costs?

  7/13/2023 | Posted in Mortgages and Real Estate by Dan Antia
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Following the Bank of Canada’s latest interest rate hike, experts say Canadian mortgage owners will feel the impact of higher borrowing costs, either in the form of higher ... More

What mortgage owners need to know about the Bank of Canada's rate hike

  7/6/2023 | Posted in Mortgages and Real Estate by Dan Antia
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Ottawa has published a new set of guidelines to standardize how Canada’s federally regulated lenders offer mortgage relief to consumers struggling under the weight of higher ... More

Struggling mortgage holders could see lenders waive fees under new guidelines

  6/27/2023 | Posted in Mortgages and Real Estate by Dan Antia
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Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More

How risky is it to extend Canadian mortgage amortizations?

  6/22/2023 | Posted in Mortgages and Real Estate by Dan Antia
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While the pain of elevated interest rates is already hitting those with variable-rate mortgages, the sticker shock of higher payments might not be felt for a couple years among ... More

Interest rate shock won't hit fixed-rate mortgage borrowers until 2025, expert says

  6/20/2023 | Posted in Mortgages and Real Estate by Dan Antia
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Policymakers can take more concrete steps to alleviate consumer worries, national housing agency head says ... More

CMHC chief: Longer amortizations will not ensure housing affordability

  6/16/2023 | Posted in Mortgages and Real Estate by Dan Antia
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Fixed mortgage rates are once again on the rise, with rates under 5% quickly becoming a distant memory. ... More

Fixed mortgage rates surge again, pushing rates under 5% to the brink

  5/31/2023 | Posted in Mortgages and Real Estate by Dan Antia
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While a large number of mortgage holders have seen their monthly payment rates jump over the past year due to rising interest rates, the Bank of Canada (BoC) says the impact could ... More

Monthly Mortgage Payments Could Spike 20-40% Over Next 3 Years: Bank of Canada

  4/17/2020 | Posted in Mortgages and Real Estate by Dan Antia
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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

Canadian banks have processed 670,000 mortgage deferrals in first month

  4/4/2020 | Posted in Mortgages and Real Estate by Dan Antia
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Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, ... More

Canada's big banks field half a million mortgage deferral requests

  3/26/2020 | Posted in Mortgages and Real Estate by Dan Antia
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Canada beefs up liquidity plan with expanded mortgage guarantee ... More

CMHC expands Insured Mortgage Purchase Program

  3/5/2020 | Posted in Mortgages and Real Estate by Dan Antia
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... More

What the Bank of Canada rate cut means for mortgages

  2/27/2020 | Posted in Mortgages and Real Estate by Dan Antia
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The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More

Changing the stress test may raise credit risk for banks says Fitch

  2/19/2020 | Posted in Mortgages and Real Estate by Dan Antia
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ... More

OSFI considering new benchmark rate for uninsured mortgages

  2/18/2020 | Posted in Mortgages and Real Estate by Dan Antia
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Ottawa changing stress test rate for insured mortgages starting April 6. ... More

Morneau unveils new insured mortgage stress test rate

  1/22/2020 | Posted in Mortgages and Real Estate by Dan Antia
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... More

Bank of Canada Holds Rates, Shows Less Confidence in Outlook

  1/22/2020 | Posted in Mortgages and Real Estate by Dan Antia
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The current lending rules in Canada are geared towards shorter-mortgage terms ... More

Why longer-term mortgages could be beneficial

  1/17/2020 | Posted in Mortgages and Real Estate by Dan Antia
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... More

Ultra-low Rates Will Persist: RBC

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