4/19/2021 | Posted in Canadian Housing Market by Anabela Serra
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The trend in housing starts was 273,664 units in March 2021, up from 252,636 units in February 2021, according to Canada Mortgage and Housing Corporation (CMHC).

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  4/16/2021 | Posted in Canadian Housing Market by Anabela Serra
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In a report to clients Thursday, TD Senior Vice-President and Chief Economist Beata Caranci said that ultimately, rock-bottom interest rates are to blame and warned against any ... More

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  4/12/2021 | Posted in Canadian Economy and Housing Market by Anabela Serra
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In the pandemic-linked housing boom, average residential property values have become decoupled from average incomes over vast swathes of the country.

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  4/11/2021 | Posted in Mortgage Interest Rates by Anabela Serra
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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

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  4/8/2021 | Posted in Home Buyers by Anabela Serra
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Canada's financial regulator, which has been planning changes in its four-year-old mortgage stress test, on Thursday proposed making it tighter, following concerns that the ... More

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  4/8/2021 | Posted in Home Buyers by Anabela Serra
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Canada’s top banking watchdog is about to take another stab at overhauling its stress test on residential mortgages.

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Real Estate & Mortgage News

  4/8/2021 | Posted in Home Buyers by Anabela Serra
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One in five Canadians are hoping for a significant fall in housing prices, a sign of the mounting frustration felt by many people looking to get into the country's hot ... More

Real Estate & Mortgage News

  3/17/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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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.

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  3/10/2021 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus ... More

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  3/7/2021 | Posted in Home Buyers by Anabela Serra
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Amid a hot housing market in major Canadian cities that has pushed ownership further out of reach for young first-time prospective home buyers, there are increasing calls for ... More

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  3/1/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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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.

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  2/26/2021 | Posted in Home Owners by Anabela Serra
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Nearly half of Canadians aged 25 to 35 own their home; one quarter of these homeowners have purchased a property since the onset of the COVID-19 pandemic, while 52% say remote ... More

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  2/24/2021 | Posted in Canadian Housing Market by Anabela Serra
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Canada's top central banker said Tuesday that the economy would continue to need monetary stimulus, likely until 2023, even though there are already signs it could be ... More

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  2/14/2021 | Posted in Home Buyers by Anabela Serra
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The share of renters who are planning to buy has quadrupled, and what they want to buy is changing.

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  2/12/2021 | Posted in Home Buyers by Anabela Serra
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Immigration to Canada fell to the lowest level since 1998.

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  2/4/2021 | Posted in Home Buyers by Anabela Serra
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Got 34 years to save up for a house? The threshold every buyer has to meet to own a home ― the minimum down payment ― has reached Canada’s highest level on ... More

Real Estate & Mortgage News

  2/2/2021 | Posted in Canadian Housing Market by Anabela Serra
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Despite quickly rising home prices and the uncertainty unleashed by the COVID-19 pandemic, a majority (80%) of Canadians still believe home ownership is a good investment.

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  2/2/2021 | Posted in Mortgage Interest Rates by Anabela Serra
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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

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  2/2/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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Lenders "have never seen as many as they have now".

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Real Estate & Mortgage News

  1/27/2021 | Posted in Home Buyers by Anabela Serra
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Plan ahead when buying a home to save yourself time and stress.

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Real Estate & Mortgage News

  1/20/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan.

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Real Estate & Mortgage News

  1/11/2021 | Posted in Canadian Housing Market by Anabela Serra
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Affordability and space limitations continue to impact purchase decisions as only 14% of Canadians polled would consider buying a home in a major metropolitan area.

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  12/21/2020 | Posted in GTA Real Estate by Anabela Serra
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People ditched their condos, there was an exodus to the suburbs and an uptick in home renovations

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  10/3/2020 | Posted in GTA Real Estate by Anabela Serra
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There is an alarming trend that is quite rampant in the Toronto area, and it’s causing havoc on real estate transactions. Perhaps other cities in Canada are experiencing ... More

Real Estate & Mortgage News

  9/28/2020 | Posted in Home Buyers by Anabela Serra
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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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  9/22/2020 | Posted in New Developments by Anabela Serra
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Shortages for lumber and other building materials are driving up construction costs this year.

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Real Estate & Mortgage News

  9/18/2020 | Posted in Home Buyers by Anabela Serra
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Record-low interest rates appear to be a major factor.

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Real Estate & Mortgage News

  8/12/2020 | Posted in Canadian Economy and Housing Market by Anabela Serra
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The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More

Real Estate & Mortgage News

  8/10/2020 | Posted in Mortgage News by Anabela Serra
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Effective this week, it gets a little easier to buy a house or refinance.

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Real Estate & Mortgage News

  7/13/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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Renewal and refinance activity has spiked since lockdowns were lifted according to a recent report.

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