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

  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

  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

  5/1/2019 | 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

  4/16/2019 | 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 GTA Real Estate by Micheal Turk
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Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB's MLS® System in March ... More

Real Estate & Mortgage News

  4/3/2019 | Posted in GTA Real Estate by Micheal Turk
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A flattened real estate market in the Greater Toronto Area has the region's real estate board again calling for revisions to stricter mortgage stress tests. ... 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

  3/10/2019 | Posted in Canadian Economy and Housing Market by Micheal Turk
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Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says. ... More

Real Estate & Mortgage News

  3/3/2019 | Posted in Canadian Housing Market by Micheal Turk
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The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data. ... More

Real Estate & Mortgage News

  2/27/2019 | Posted in Canadian Housing Market by Micheal Turk
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Here's what it takes to buy an average-priced home in Canada's major cities — and how choosing a 30-year mortgage would change that. ... 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

  2/8/2019 | Posted in Canadian Housing Market by Micheal Turk
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The country’s overall real estate market remains “vulnerable” despite an easing in overvaluation in cities like Toronto and Victoria in the third quarter, ... 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

  2/1/2019 | Posted in Canadian Housing Market by Micheal Turk
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The Bank of Canada has admitted that the economic impact of strict mortgage regulations, local housing restrictions, and the upward trend in interest rates was more serious than ... 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

  1/25/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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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

Real Estate & Mortgage News

  12/14/2018 | Posted in Mortgages and Real Estate by Micheal Turk
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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

  12/10/2018 | Posted in GTA Real Estate by Micheal Turk
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Relatively tight market conditions in the GTA over the past few months have provided the foundation for renewed price growth, while data suggests that, in ... More

Real Estate & Mortgage News

  11/14/2018 | Posted in Mortgages and Real Estate by Micheal Turk
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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

  10/1/2018 | Posted in Mortgages and Real Estate by Micheal Turk
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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

  5/16/2018 | Posted in Home Buyers by Micheal Turk
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year mortgage ... More

Real Estate & Mortgage News

  5/16/2018 | Posted in Canadian Housing Market by Micheal Turk
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The decline in national home sales reported Tuesday by CREA is “disappointing” says TD Economics. ... More

Real Estate & Mortgage News

  5/9/2018 | Posted in Home Buyers by Micheal Turk
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The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers’ ... More

Real Estate & Mortgage News

  5/1/2018 | Posted in Home Buyers by Micheal Turk
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The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points. ... More

Real Estate & Mortgage News