12/2/2022 | Posted in Interest Rates by James Tracy
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The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on ... More

Real Estate & Mortgage News

  11/23/2022 | Posted in Home Buyers by James Tracy
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Variable-rate mortgage holders who have recently purchased their homes will be especially burdened by the prevailing rate-hike environment, according to Bank of Canada senior ... More

Real Estate & Mortgage News

  11/15/2022 | Posted in Home Buyers by James Tracy
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Already a source of huge debate in the mortgage industry since its introduction, the mortgage stress test came under scrutiny from executives at top Canadian lenders during a ... More

Real Estate & Mortgage News

  11/8/2022 | Posted in Mortgage Interest Rates by James Tracy
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Plus: The trajectory of interest rates throughout the year to date

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Real Estate & Mortgage News

  10/7/2022 | Posted in Mortgage Interest Rates by James Tracy
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Having already raised interest rates by 300 basis points this year, the Bank of Canada’s Tiff Macklem confirmed on Thursday that additional rate hikes (plural form) are ... More

Real Estate & Mortgage News

  10/4/2022 | Posted in Home Buyers by James Tracy
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With high inflation and rising interest rates, a new survey has found nearly one in five Canadians say they're putting off buying a home.

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Real Estate & Mortgage News

  9/28/2022 | Posted in New Developments by James Tracy
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Sales levels of condos and single-family homes were more than 80 per cent lower than last August, says the homebuilders’ association.

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Real Estate & Mortgage News

  9/14/2022 | Posted in Home Buyers by James Tracy
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Despite today’s mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada’s banking regulator said no changes to the stress test are ... More

Real Estate & Mortgage News

  9/9/2022 | Posted in Home Buyers by James Tracy
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Renewed calls to re-evaluate the stress test came in the wake of the Bank of Canada's latest outsized rate hike

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Real Estate & Mortgage News

  9/8/2022 | Posted in Home Buyers by James Tracy
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In a country where the Big Six banks control 80 per cent mortgage market share, Canada’s smaller lenders are making some rare headway after the Bank of Canada’s ... More

Real Estate & Mortgage News

  9/7/2022 | Posted in Canadian Economy and Interest Rates by James Tracy
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The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control.

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Real Estate & Mortgage News

  8/14/2022 | Posted in Home Buyers by James Tracy
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Housing affordability deteriorated to its worst level in over 30 years, according to data from the Bank of Canada.

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Real Estate & Mortgage News

  8/1/2022 | Posted in Home Buyers by James Tracy
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Here is a list of expenses you will have with carrying a home.

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Real Estate & Mortgage News

  7/31/2022 | Posted in Home Buyers by James Tracy
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Here are the pros and cons of buying a house in a recession - and everything in between.

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Real Estate & Mortgage News

  7/10/2022 | Posted in Mortgage Interest Rates by James Tracy
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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally.

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Real Estate & Mortgage News

  6/17/2022 | Posted in Mortgages and Real Estate by James Tracy
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Experts say extending the amortization period for your mortgage could keep your monthly payments in check even as you face higher interest rates, but caution that doing so ... More

Real Estate & Mortgage News

  6/16/2022 | Posted in Canadian Housing Market by James Tracy
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In May, the number of new homes that started construction in Canada trended lower compared to the previous month, but still remained at elevated levels.

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Real Estate & Mortgage News

  6/14/2022 | Posted in Interest Rates by James Tracy
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Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising.

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Real Estate & Mortgage News

  6/8/2022 | Posted in Canadian Housing Market by James Tracy
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Central bank's outsized rate increases having a big impact, according to RBC.

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Real Estate & Mortgage News

  6/1/2022 | Posted in Mortgage Interest Rates by James Tracy
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The Bank of Canada has raised its trendsetting interest rate by 50 basis points, marking its second consecutive oversized hike – and third overall increase this year ... More

Real Estate & Mortgage News

  6/1/2022 | Posted in Home Buyers by James Tracy
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Many wonder if and how their credit score affects their ability to buy a house.

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Real Estate & Mortgage News

  5/9/2022 | Posted in Interest Rates by James Tracy
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Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates.

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Real Estate & Mortgage News

  4/26/2022 | Posted in Real Estate News by James Tracy
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Canadian household budgets are being squeezed tight but buying a home remains on the wish list

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Real Estate & Mortgage News

  3/31/2020 | Posted in Mortgage Interest Rates by James Tracy
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.

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Real Estate & Mortgage News

  3/18/2020 | Posted in Mortgage News by James Tracy
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Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers.

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Real Estate & Mortgage News

  2/19/2020 | Posted in Mortgages and Real Estate by James Tracy
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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 ... More

Real Estate & Mortgage News

  2/10/2020 | Posted in GTA Real Estate by James Tracy
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford.

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Real Estate & Mortgage News

  1/3/2020 | Posted in Home Buyers by James Tracy
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Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer.

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Real Estate & Mortgage News

  12/13/2019 | Posted in Home Buyers by James Tracy
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Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey.

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Real Estate & Mortgage News

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