10/21/2019 | Posted in Canadian Economy and Interest Rates by Micheal Turk
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The cost of living was higher across many products and services in September. ... More

Real Estate & Mortgage News

  10/10/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s central ... More

Real Estate & Mortgage News

  9/25/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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Employment figures had a major influence on the market's dynamics. ... More

Real Estate & Mortgage News

  9/19/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ... More

Real Estate & Mortgage News

  9/16/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud. ... More

Real Estate & Mortgage News

  9/6/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ... More

Real Estate & Mortgage News

  9/4/2019 | Posted in Interest Rates by Micheal Turk
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The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ... More

Real Estate & Mortgage News

  8/24/2019 | Posted in Home Buyers by Micheal Turk
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New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests. ... More

Real Estate & Mortgage News

  8/20/2019 | Posted in Interest Rates by Micheal Turk
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More

Real Estate & Mortgage News

  8/9/2019 | Posted in Canadian Housing Market by Micheal Turk
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Homeownership rates are higher now than they were two decades ago according to a new analysis from Statistics Canada. ... More

Real Estate & Mortgage News

  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

  7/18/2019 | Posted in Mortgage Interest Rates by Micheal Turk
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived. ... 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

  7/10/2019 | Posted in Canadian Economy and Interest Rates by Micheal Turk
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More

Real Estate & Mortgage News

  6/18/2019 | Posted in First Time Home Buyers by Micheal Turk
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While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem. ... 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

  5/29/2019 | Posted in Interest Rates by Micheal Turk
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The Bank of Canada today maintained its target for the overnight rate. ... More

Real Estate & Mortgage News

  5/27/2019 | Posted in Interest Rates by Micheal Turk
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More

Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Micheal Turk
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Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC. ... More

Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Micheal Turk
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ... More

Real Estate & Mortgage News

  5/9/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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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

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

  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

  4/3/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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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

Real Estate & Mortgage News