2/7/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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The federal government appears to be considering a budget announcement that would allow first-time homebuyers to obtain 30-year insured mortgages, up from the 25-year limit now, ... More

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  2/6/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that ... More

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  2/5/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Residential mortgage growth rose 3.1 per cent to $1.55 trillion in December from a year earlier, the slowest pace since May 2001, and half the growth rate from two years ago, ... More

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  1/30/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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News report had claimed Finance Minister was thinking about expanding rules, but he says he's not ... More

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  1/25/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders' rapid ... More

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  1/22/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Those in the market for a Toronto home shouldn’t get too excited about the prospect of lower mortgage rates, says one economist. ... More

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  12/14/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender ... More

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  11/25/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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The main reason that 15% of Canadian homeowners refinanced their homes was to consolidate debt. ... More

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  11/14/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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The bank says stress tests and higher interest rates have reduced the share of new high-leverage, insured loans to six per cent from 20 per cent in late 2016. ... More

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  11/6/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More

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  11/5/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Updated numbers from the Bank of Canada showed that the balance of insured mortgage debt suffered its largest decline in history. ... More

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  10/31/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Bank of Canada governor Stephen Poloz wants Canadians to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom ... More

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  10/21/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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A slowing economy and rising borrowing costs will probably push Canadian delinquency rates higher in coming months, according to the country’s largest credit reporting firm. ... More

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  10/1/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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The Conservative Party of Canada plans to make the mortgage stress test a hot button issue in time for next year’s election, but explaining such a convoluted issue to ... More

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  9/20/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your ... More

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  8/20/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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With an economy beating expectations and a range of indicators pointing to limited excess capacity, maintaining stable inflation is likely to require further rate hikes by the ... More

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  8/15/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC. ... More

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  7/18/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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A reverse mortgage can be a solution for some cash-strapped retirees, but it comes at a steep cost. ... More

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  7/16/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Canadians divided, even as interest rates appear set to rise according to a recent CIBC poll. ... More

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  7/12/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well. ... More

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  7/11/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ... More

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  6/14/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ... More

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  5/14/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Despite rising interest and qualifying rates, the luxury sector of the housing market should remain largely unaffected. ... More

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  4/27/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Latest data from Statistics Canada showed that mortgage interest costs increased by 2.8% in March, representing the biggest rise since April 2009. ... More

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  4/15/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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The Bank of Canada is likely to raise interest rates twice more this year as the economy regains momentum in the current quarter but will hold them steady at its April 18 meeting, ... More

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  3/19/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to ... More

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  3/9/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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The impact of the tightened mortgage rules introduced at the start of the year appears to be rising according to a recent report from RBC. ... More

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  3/5/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Canada’s economy decelerated more than expected in the second half of last year, amid signs indebted households have begun slowing down spending. ... More

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  1/25/2018 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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The unprecedented rise in consumer debt means the Bank of Canada’s rate-hiking cycle is already the most severe in 20 years and further increases will have far graver ... More

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