11/24/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada.

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  11/23/2020 | Posted in Mortgage Interest Rates by Russell Pearsall
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Several mortgage brokers are warning of a spike in rates once bond yields recover.

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  11/10/2020 | Posted in Mortgage Interest Rates by Russell Pearsall
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Jubilation over the good news about a vaccine has taken markets by storm. For borrowers, good news is often bad news.

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  10/13/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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Approximately 11% of Canadian borrowers have not returned to a regular payment schedule.

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  10/8/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth.

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  9/28/2020 | Posted in Home Buyers by Russell Pearsall
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In light of the past six months of COVID-19-triggered uncertainty, home sales in Canada have been shockingly brisk as a combination of FOMO and low interest rates keep drawing ... More

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  9/25/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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The largest share of new mortgages in Canada is still with the big banks, according to the Canada Mortgage and Housing Corporation.

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  9/18/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end.

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  9/10/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

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  9/9/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion

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  7/28/2020 | Posted in Canadian Housing Market by Russell Pearsall
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This fall, loan payments unemployed borrowers kicked down the road must start being repaid again, plus interest

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  6/30/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available ... More

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  6/23/2020 | Posted in Mortgage Interest Rates by Russell Pearsall
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week.

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  6/12/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1.

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  6/3/2020 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

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  6/1/2020 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two.

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  5/18/2020 | Posted in Financial Health by Russell Pearsall
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Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the ... More

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  5/16/2020 | Posted in Canadian Economy and Housing Market by Russell Pearsall
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Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week.

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  5/12/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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The coronavirus has plunged market activity into a deep freeze

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  4/21/2020 | Posted in Canadian Economy and Housing Market by Russell Pearsall
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More

Real Estate & Mortgage News

  4/17/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

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  4/4/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic ... More

Real Estate & Mortgage News

  3/31/2020 | Posted in Mortgage Interest Rates by Russell Pearsall
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.

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  3/28/2020 | Posted in Canadian Economy and Housing Market by Russell Pearsall
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Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and ... More

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  3/18/2020 | Posted in Mortgage News by Russell Pearsall
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Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers.

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Real Estate & Mortgage News

  3/17/2020 | Posted in Canadian Economy and Housing Market by Russell Pearsall
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The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system.

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  3/5/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that.

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Real Estate & Mortgage News

  3/4/2020 | Posted in Mortgage Interest Rates by Russell Pearsall
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The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More

Real Estate & Mortgage News

  3/4/2020 | Posted in Canadian Housing Market by Russell Pearsall
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Lower mortgage rates likely to offset any major drag from a global outbreak

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