10/22/2021 | Posted in Mortgage Interest Rates by Jason Codell
  SHARE

Global bond yield rates are up this month, and Canada is not missing out on the action. ... More

Real Estate & Mortgage News

  10/15/2021 | Posted in Canadian Housing Market by Jason Codell
  SHARE

Popularity of variable-rate mortgages expected to grow further, overturning a trend that has been in place for over a decade. ... More

Real Estate & Mortgage News

  9/15/2021 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

From rising inflation and falling consumer confidence to changing real estate preferences, Canada’s mortgage market could be impacted on multiple fronts. ... More

Real Estate & Mortgage News

  8/31/2021 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

A new report shows that Q2 volumes were the highest ever recorded in a single quarter ... More

Real Estate & Mortgage News

  8/27/2021 | Posted in Canadian Economy and Interest Rates by Jason Codell
  SHARE

If above-target inflation persists, it could have ramifications for homeowners in the form of shifting rate-hike expectations. ... More

Real Estate & Mortgage News

  6/8/2021 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

A surge in mortgage borrowing is pushing consumer debt loads higher in Canada despite falling credit card use, as households plow more money into their homes while spending less ... More

Real Estate & Mortgage News

  4/11/2021 | Posted in Mortgage Interest Rates by Jason Codell
  SHARE

With the lowest rates for five-year fixed mortgage products in Canada having risen last month for the first time since January 2020, speculation began to mount in the mortgage ... More

Real Estate & Mortgage News

  3/25/2021 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

As many as 14% of millennials said that they have not been entirely truthful on a previous credit or loan application, compared to the national average of 7%, according to a ... More

Real Estate & Mortgage News

  3/17/2021 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

Non-bank lenders have seen the rate of arrears on insured mortgages go roughly 50% higher than their uninsured counterparts, according to data from Statistics Canada. ... More

Real Estate & Mortgage News

  3/11/2021 | Posted in Canadian Economy and Interest Rates by Jason Codell
  SHARE

The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023. ... More

Real Estate & Mortgage News

  3/3/2021 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

Canadian mortgage rates are beginning to inch higher for the first time since before the COVID-19 crisis, reflecting the spike in long-term bond yields, but with home loans still ... More

Real Estate & Mortgage News

  3/1/2021 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

CIBC Deputy Chief Economist Benjamin Tal said many Canadians aren’t prepared for a shock to their mortgage rates as a result of volatility in the bond market. ... More

Real Estate & Mortgage News

  2/2/2021 | Posted in Mortgage Interest Rates by Jason Codell
  SHARE

While Canada’s economy recorded its largest-ever annual drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of ... More

Real Estate & Mortgage News

  2/2/2021 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

Lenders "have never seen as many as they have now". ... More

Real Estate & Mortgage News

  1/7/2021 | Posted in Mortgage Interest Rates by Jason Codell
  SHARE

The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast. ... More

Real Estate & Mortgage News

  1/5/2021 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead. ... More

Real Estate & Mortgage News

  9/10/2020 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

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

Real Estate & Mortgage News

  6/30/2020 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

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 for ... More

Real Estate & Mortgage News

  6/3/2020 | Posted in Canadian Economy and Interest Rates by Jason Codell
  SHARE

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

Real Estate & Mortgage News

  5/12/2020 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

The coronavirus has plunged market activity into a deep freeze ... More

Real Estate & Mortgage News

  4/4/2020 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

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 deepens, ... More

Real Estate & Mortgage News

  3/31/2020 | Posted in Mortgage Interest Rates by Jason Codell
  SHARE

Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic. ... More

Real Estate & Mortgage News

  3/2/2020 | Posted in Canadian Economy and Interest Rates by Jason Codell
  SHARE

Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark policy ... More

Real Estate & Mortgage News

  1/29/2020 | Posted in Mortgage Interest Rates by Jason Codell
  SHARE

Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down ... More

Real Estate & Mortgage News

  1/22/2020 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

The current lending rules in Canada are geared towards shorter-mortgage terms ... More

Real Estate & Mortgage News

  1/17/2020 | Posted in Mortgages and Real Estate by Jason Codell
  SHARE

The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... More

Real Estate & Mortgage News

  11/22/2019 | Posted in Canadian Housing Market by Jason Codell
  SHARE

Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ... More

Real Estate & Mortgage News

  10/21/2019 | Posted in Canadian Economy and Interest Rates by Jason Codell
  SHARE

The cost of living was higher across many products and services in September. ... More

Real Estate & Mortgage News

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.

Security Question: 5 + 4 =