6/11/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices. ... More

Real Estate & Mortgage News

  5/31/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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The Canada Revenue Agency has identified over a $1 billion in unpaid gross taxes in the real estate sector since 2015 and has doled out over $100 million in penalties. ... More

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  5/9/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More

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  5/1/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than expected, ... More

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  4/25/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage. ... More

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  4/16/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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CIBC economist says regulators need to revisit rules that have made it harder to get a mortgage. ... More

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  4/3/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group. ... More

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  3/14/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Canada’s household debt levels will force around 1 in 5 people with debt to sell assets to stay above water. ... More

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  3/6/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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More Canadians are running into serious issues with their mortgage payments according to a new report. ... More

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  2/26/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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Ten per cent of Canadians no longer qualify for a mortgage with banks. ... More

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  2/22/2019 | Posted in Mortgages and Real Estate by Jonathan Bradshaw
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The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head. ... More

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  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News