7/28/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate. ... More

Real Estate & Mortgage News

  7/21/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years. ... More

Real Estate & Mortgage News

  7/18/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp. ... More

Real Estate & Mortgage News

  7/17/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government ... More

Real Estate & Mortgage News

  7/3/2019 | Posted in Canadian Economy and Interest Rates by Micheal Turk
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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics. ... More

Real Estate & Mortgage News

  6/13/2019 | Posted in Home Buyers by Micheal Turk
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Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgage Interest Rates by Micheal Turk
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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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

  6/7/2019 | Posted in Interest Rates by Micheal Turk
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Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for borrowers. ... More

Real Estate & Mortgage News

  6/6/2019 | Posted in Toronto Real Estate by Micheal Turk
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Due to strong economic fundamentals Toronto’s housing market remains expensive. That’s one reason why this year’s list is dominated by neighbourhoods once ... More

Real Estate & Mortgage News

  5/22/2019 | Posted in Canadian Economy and Housing Market by Micheal Turk
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Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ... More

Real Estate & Mortgage News

  5/17/2019 | Posted in Home Buyers by Micheal Turk
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The Conservative Party leader says he's "absolutely committed" to reviewing the rule. ... More

Real Estate & Mortgage News

  5/15/2019 | Posted in Home Buyers by Micheal Turk
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Canada needs to be building more homes to meet demand which is greater than official figures suggest. ... More

Real Estate & Mortgage News

  5/7/2019 | Posted in Home Buyers by Micheal Turk
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Young families in particular want strong transit links, short commute ... More

Real Estate & Mortgage News

  5/6/2019 | Posted in Canadian Economy and Interest Rates by Micheal Turk
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ... More

Real Estate & Mortgage News

  5/1/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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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

Real Estate & Mortgage News

  4/30/2019 | Posted in Canadian Housing Market by Micheal Turk
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For the foreseeable future, immigration will continue stoking the need for housing in Canada’s largest cities, according to RBC Economic Research. ... More

Real Estate & Mortgage News

  4/25/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  4/11/2019 | Posted in Canadian Housing Market by Micheal Turk
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While this season usually brings a wave of interested buyers, economists wonder if we’ll see a spring thaw in the market this year. ... More

Real Estate & Mortgage News

  4/8/2019 | Posted in Ontario Real Estate by Micheal Turk
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Industry association also wants its regulator to have more power to 'kick out' unethical agents ... More

Real Estate & Mortgage News

  3/12/2019 | Posted in Canadian Housing Market by Micheal Turk
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Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate. ... More

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  2/22/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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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

Real Estate & Mortgage News

  2/21/2019 | Posted in GTA Real Estate by Micheal Turk
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Consumer homebuying patterns move west, as Halton Region and West Toronto capture an increased share of overall GTA market, says a new report from RE/MAX. ... More

Real Estate & Mortgage News

  2/6/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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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

Real Estate & Mortgage News

  2/5/2019 | Posted in Ontario Real Estate by Micheal Turk
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Right now, buyers often blindly offer more than what they had wanted to spend in hopes of beating their competitor. ... More

Real Estate & Mortgage News

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

Real Estate & Mortgage News