Federal Ontario gives an investment of $259M for each GM for Oshawa When you picture yourself getting a mortgage, you perhaps imagine heading to your local bank branch to deliberate down with a mortgage specialist to discuss your choices. This was once the standard process, but today it might be a mistake. Mortgage brokers are […]
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High mortgage rates to overwhelm Canadian housing Canada and The real estate Industry have always walked hand in hand and soared high profits when it came to output. An all-time high housing market burns red with ultimately no sign of cooling down. From 2021 to February 2022 the real estate market in Canada bagged a
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Facts to know when shifting from variable mortgage to a fixed rate Some homeowners may be asking if they should lock in their variable mortgage rate now before it gets even higher later on, given that rates for variable mortgages are on the rise. It’s not a “foregone conclusion that everyone should be switching to
FACTS TO KNOW WHEN SHIFTING FROM VARIABLE MORTGAGE TO FIXED RATE Read More »
An increase in fixed rates by lenders, brings them closer to 4.5% The previous week saw a rise in bond yields, which led to an increase in the variable and fixed mortgage rates offered by lenders across the country. Rates on 5-year fixed mortgages have been increased by 20 to 25 basis points at major
An increase in fixed rates by lenders, brings them closer to 4.5% Read More »
A hint on change in Canada’s ‘stress test’ rules before year’s end Mortgage brokers argue that given the slowdown in the housing market, the Canadian banking regulator should relax its “stress test” qualifying rate for mortgages and make it easier to qualify for a mortgage. This week, the Office of the Superintendent of Financial Institutions
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Suburbs lead Canada’s housing boom as downtown falls behind. Canada’s suburbs had an increase in home values that outpaced downtown areas during the pandemic, according to a new study. Many downtown businesses closing and people’s desire for greater living space are driving the rising demand for suburban properties, according to research released on Monday by
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Mortgage costs in Canada are on the rise, making renting a more logical option. As a result of inflation’s effect on bond yields, the Canadian real estate market is undergoing rapid transformation. Mortgage rates are expected to continue rising, according to First National, one of the major non-bank mortgage lenders in Canada. An email was
Mortgage costs in Canada are on the rise, making renting a more logical option. Read More »
April witnessed a fall in home sales as mortgage rates increase The Canadian Real Estate Association reported on Monday that rising mortgage rates caused a slowdown in the pace of home sales in April compared to the frenetic pace they started the year at. According to the findings of the association, the number of homes
April witnessed a fall in home sales as mortgage rates increase Read More »
An increase in fixed rates by lenders, brings them closer to 4.5% The previous week saw a rise in bond yields, which led to an increase in the variable and fixed mortgage rates offered by lenders across the country. Rates on 5-year fixed mortgages have been increased by 20 to 25 basis points at major
An increase in fixed rates by lenders, brings them closer to 4.5% Read More »
Mortgage costs in Canada are on the rise, making renting a more logical option. As a result of inflation’s effect on bond yields, the Canadian real estate market is undergoing rapid transformation. Mortgage rates are expected to continue rising, according to First National, one of the major non-bank mortgage lenders in Canada. An email was
Mortgage costs in Canada are on the rise, making renting a more logical option. Read More »
