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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  1/19/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer.

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  1/7/2021 | Posted in Mortgage Interest Rates by Anabela Serra
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The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast.

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  1/5/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead.

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Real Estate & Mortgage News

  12/11/2020 | Posted in Mortgage Interest Rates by Anabela Serra
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Bank says it could go lower than 0.25%, but remains deeply skeptical of negative interest rates

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  12/9/2020 | Posted in Mortgage Interest Rates by Anabela Serra
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%.

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  11/24/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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 Anabela Serra
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Several mortgage brokers are warning of a spike in rates once bond yields recover.

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Real Estate & Mortgage News

  11/10/2020 | Posted in Mortgage Interest Rates by Anabela Serra
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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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Real Estate & Mortgage News

  10/13/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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 Anabela Serra
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth.

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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

Real Estate & Mortgage News

  9/25/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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 Anabela Serra
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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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Real Estate & Mortgage News

  9/10/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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 Anabela Serra
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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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Real Estate & Mortgage News

  7/28/2020 | Posted in Canadian Housing Market by Anabela Serra
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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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Real Estate & Mortgage News

  6/30/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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

Real Estate & Mortgage News

  6/23/2020 | Posted in Mortgage Interest Rates by Anabela Serra
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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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Real Estate & Mortgage News

  6/12/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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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Real Estate & Mortgage News

  6/3/2020 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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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

Real Estate & Mortgage News

  6/1/2020 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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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 Anabela Serra
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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 Anabela Serra
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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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Real Estate & Mortgage News

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

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Real Estate & Mortgage News

  4/21/2020 | Posted in Canadian Economy and Housing Market by Anabela Serra
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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 Anabela Serra
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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

Real Estate & Mortgage News

  4/4/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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

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