3/15/2019 | Posted in Interest Rates by Micheal Turk
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The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More

Real Estate & Mortgage News

  3/14/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  2/25/2019 | Posted in Interest Rates by Micheal Turk
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The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even negative ... More

Real Estate & Mortgage News

  2/20/2019 | Posted in Ontario News by Micheal Turk
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A recent report reveals desperate measures of indebted consumers in Ontario. ... More

Real Estate & Mortgage News

  1/22/2019 | Posted in Financial Health by Micheal Turk
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An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency. ... More

Real Estate & Mortgage News

  1/16/2019 | Posted in Interest Rates by Micheal Turk
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What the Bank of Canada's decision to hold its key rate means for borrowers and savers. ... More

Real Estate & Mortgage News

  1/9/2019 | Posted in Financial Health by Micheal Turk
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It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth. ... More

Real Estate & Mortgage News

  12/17/2018 | Posted in Canadian Economy and Housing Market by Micheal Turk
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The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average. ... More

Real Estate & Mortgage News

  12/7/2018 | Posted in Canadian Economy and Housing Market by Micheal Turk
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Rising interest rates and new mortgage rules have finally forced an end to years of rapid lending, according to the latest data from Bank of Canada. ... More

Real Estate & Mortgage News

  11/2/2018 | Posted in Canadian Economy and Housing Market by Micheal Turk
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The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017. ... More

Real Estate & Mortgage News

  10/31/2018 | Posted in Mortgages and Real Estate by Micheal Turk
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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

  10/5/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC. ... More

Real Estate & Mortgage News

  10/2/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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The new North American trade deal struck on Sunday may open the door for the Bank of Canada to pick up the pace of interest rates hikes, according to economists at some of the ... More

Real Estate & Mortgage News

  9/24/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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The world's biggest central bank is expected to raise rates this week - and then keep raising them ... More

Real Estate & Mortgage News

  9/20/2018 | Posted in Mortgages and Real Estate by Micheal Turk
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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

  9/18/2018 | Posted in Financial Health by Micheal Turk
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Data showing that interest rates are rising faster than income provide a wake-up call to Canadian consumers who are taking on unsustainable amounts of debt. ... More

Real Estate & Mortgage News

  9/13/2018 | Posted in Real Estate News by Micheal Turk
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Canada’s mortgage industry saw slowing growth in the second quarter of 2018 as stress tests and rising interest rates made an impact. ... More

Real Estate & Mortgage News

  9/5/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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The Bank of Canada (BoC) kept its trend-setting interest rate steady at 1.5 per cent on Wednesday but appeared to keep the door open to a possible rate hike at its next ... More

Real Estate & Mortgage News

  8/27/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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Bank of Canada Governor Stephen Poloz has put an early stop to the debate over whether he might be persuaded to raise interest rates in a couple of weeks. ... More

Real Estate & Mortgage News

  8/20/2018 | Posted in Mortgages and Real Estate by Micheal Turk
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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

Real Estate & Mortgage News

  7/12/2018 | Posted in Canadian Economy and Housing Market by Micheal Turk
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With debt levels disconcertingly high, there could be ramifications to yesterday’s interest rate hike. ... More

Real Estate & Mortgage News

  7/12/2018 | Posted in Mortgages and Real Estate by Micheal Turk
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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

Real Estate & Mortgage News

  5/2/2018 | Posted in Financial Health by Micheal Turk
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Bank of Canada governor says heavy debt load poses risk to the economy, but he is confident it can be managed. ... More

Real Estate & Mortgage News

  4/18/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of moderating growth. ... More

Real Estate & Mortgage News

  4/17/2018 | Posted in Financial Health by Micheal Turk
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Upward trend in rates would negatively impact Canadians' ability to service their debts. ... More

Real Estate & Mortgage News

  1/10/2018 | Posted in Financial Health by Micheal Turk
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The amount Canadians owe relative to their income hit a new high in the third quarter of 2017, household credit market debt as a proportion of household disposable income ... More

Real Estate & Mortgage News

  12/6/2017 | Posted in Mortgages and Real Estate by Micheal Turk
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Consumers looking to consolidate debt currently have more buying power than they will next month, therefore rushing to refinance their mortgages before the new mortgage ... More

Real Estate & Mortgage News