Capri Mortgage Corp

Latest in Mortgage News: OSFI leaves stress test rate unchanged

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Latest in Mortgage News: OSFI leaves stress test rate unchanged - Mortgage Rates & Mortgage Broker News in Canada Canada’s banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged.

Canadian Systemic Risk Due To CLP Mortgages Is Bigger Than You Think

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Canadian “Systemic Risk” Due To CLP Mortgages Is Bigger Than You Think - Better Dwelling Canada’s problems with a little-known risky mortgage product are more significant than expected. OSFI, the country’s bank regulator, has targeted combined loan plans (CLPs) for the past few years. CLPs enable interest-only payments, allowing borrowers to carry mortgage debt perpetually. The regu...

Expanding housing supply: The Rental Construction Financing Initiative

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Expanding Housing Supply: The Rental Construction Financing Initiative Filling a gap by incentivizing rental housing construction. See how this program is transforming communities.

Bank of Canada maintains policy rate, continues quantitative tightening

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Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

Canadian Mortgage Credit Remains Flat Despite Rising Home Prices

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Canadian Mortgage Credit Remains Flat Despite Rising Home Prices - Better Dwelling Elevated interest rates and falling home prices have Canadians paying their mortgages and pressing pause on more debt.

Canadian Real Estate Prices Make Record Drop, No Quick Recovery: NBF

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Canadian Real Estate Prices Make Record Drop, No Quick Recovery: NBF - Better Dwelling One of Canada’s biggest banks isn’t sold on a quick recovery for real estate prices. The Teranet-National Bank of Canada HPI (TNB HPI) just reported home prices made the largest annual drop on record in March. The economist that prepared the report warns home sales are still too weak to call for...

BoC rate hikes among the leading contributors of inflation now due to mortgage costs

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BoC rate hikes among the leading contributors of inflation now due to mortgage costs - Mortgage Rates & Mortgage Broker News in Canada The country's inflation rate may be coming down, but there are still some parts of the economy exerting upward pressure, including, ironically, high inflation rates.

Home sales up in March as buyers re-enter market with historically low supply

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Home sales up in March as buyers re-enter market with historically low supply Canada homes sales rose in March while markets are tightening, according to a report by the Canadian Real Estate Association. Read on.

Housing prices rise month over month for the first time in 10 months

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Housing prices rise month over month for the first time in 10 months The cost of Canadian housing could finally be tracking back up. Find out more.

The latest in mortgage news: uninsured posted rates at decade-highs

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The latest in mortgage news: uninsured posted rates at decade-highs - Mortgage Rates & Mortgage Broker News in Canada Uninsured posted rates from Canada's Big 6 banks have skyrocketed over the past year, according to data from the Bank of Canada.

Canadian Real Estate Correction Is Almost Over, But Bulls Will Be Disappointed: RBC

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Canadian Real Estate Correction Is Almost Over, But Bulls Will Be Disappointed: RBC - Better Dwelling Canada’s largest bank believes the end of the real estate correction is within sight. That was the message in RBC’s latest housing brief, though that doesn’t mean price declines are over. The bank believes home prices are halfway to the bottom, and doesn’t anticipate a bounce until next year...

Canada's rental housing market lags the U.S. and that's causing a lot of problems

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Canada's rental housing market lags the U.S. and that's causing a lot of problems Apartment rents have fallen in most U.S. cities, while spiking across Canada. Find out more.

Bank of Canada delivers long-awaited rate pause. Will it last?

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Bank of Canada delivers long-awaited rate pause. Will it last? - Mortgage Rates & Mortgage Broker News in Canada As expected, the Bank of Canada delivered its first rate pause in a year following eight consecutive rate hikes.

Nearly Half of Canadians Are Worried About Shelter Costs: Stat Can

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Nearly Half of Canadians Are Worried About Shelter Costs: Stat Can - Better Dwelling A large share of Canadians feel like they’re just a few bucks away from financial destabilization. Statistics Canada (Stat Can) released the results from its  Canadian Social Survey on Quality of Life and Cost of Living for Q3 2022. The cost of living crisis has made life unstable for nearly a th...

6 things you didn’t know could be hurting your credit rating

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6 things you didn’t know could be hurting your credit rating - MoneySense Collection agents aren’t knocking at your door, so that means you’re financially fine—right? Not necessarily. Here’s how you may be tripping up.

Here’s how interest rates could affect Canada’s housing market in 2023

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Here’s how interest rates could affect Canada’s housing market in 2023 - National | Globalnews.ca The Canadian housing market is primed for a rebound in late 2023 — assuming market watchers' expectations for interest rate cuts come to fruition, according to a Desjardins report.

The big question on mortgage borrowers’ minds: fixed or variable?

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The big question on mortgage borrowers' minds: fixed or variable? - Mortgage Rates & Mortgage Broker News in Canada With variable mortgage rates potentially at a peak and fixed rates having recently retreated, borrowers are asking themselves the age old mortgage question: should you go fixed or variable?

Preparing to get a mortgage

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Preparing to get a mortgage - Canada.ca Find out what to do before you start shopping for a mortgage.

Canadas real estate market still really overvalued warns economist

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Canada's real estate market still 'really overvalued,' warns economist An economic expert believes that the possibility of a more severe crisis in Canada's housing market remains a possibility because real estate remains 'really overvalued.'

Why a Good Credit Score Pays Off. Literally.

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Why a Good Credit Score Pays Off. Literally. | Greedyrates.ca Bestselling author Sean Cooper (Burn Your Mortgage) relays his experience of how a good credit score helped him save a bundle of money...

Inflation has squeezed Canadian wallets dry. What happened?

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Inflation has ‘squeezed’ Canadian wallets dry. What happened? - National | Globalnews.ca Inflation has left Canadians feeling 'squeezed' after prices accelerated at rates not seen in decades last year, economists say. How did we get here?

Canadian Real Estate Buyers Opt For Fixed Terms After Variable Shock

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Canadian Real Estate Buyers Opt For Fixed Terms After Variable Shock - Better Dwelling Overstimulated Canadian real estate buyers are no longer opting for variable rate mortgages. Bank of Canada (BoC) data shows mortgage borrowers preferred fixed rates in October. Most new borrowers had been opting for variable terms at the start of the year. That trend is rapidly shifting as rates no...

Will the Bank of Canada raise mortgage rates again in 2023? Here's what industry experts predict

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Will the Bank of Canada raise mortgage rates again in 2023? Here's what industry experts predict The Bank of Canada raised its key overnight lending rate seven times last year, increasing it to 4.5 per cent in December in an effort to tame Canada’s runaway inflation.

2023 housing and interest rate forecasts

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2023 housing and interest rate forecasts - Mortgage Rates & Mortgage Broker News in Canada Rising interest rates in 2022 drove home sales and prices lower, but what does 2023 hold in store?

Canadian Home Equity Loans Surged After Regulator Warnings

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Canadian Home Equity Loans Surged After Regulator Warnings - Better Dwelling Canadian homeowners have been using their home equity to secure an alarming amount of debt. Filings with OSFI, Canada’s bank regulator, show the value of loans secured by housing continued to advance in October. Over the past year, growth of loans secured by home equity has surged at one of the fa...

Could a line of credit impact my mortgage application?

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A line of credit may be derailing my mortgage application Line of credit payments are factored into mortgage affordability calculations. Here's what you need to know before filing your mortgage application.

The Ultimate Guide to Credit Scores in Canada

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The Ultimate Guide to Credit Scores in Canada Everything you need to know about the credit score Canada assigns to you and what you can do to improve it. Learn all the basics: what factors influence a credit score, what is a good credit score in Canada, and what can you do to improve your score?

Canadian Mortgage Credit Grinds To A Halt, Slowest September In Two Decades

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Canadian Mortgage Credit Grinds To A Halt, Slowest September In Two Decades - Better Dwelling Canadian mortgage credit had an unusually slow month, as the hangover from higher rates starts to settle in. Bank of Canada (BoC) data shows consumer mortgages debt continued to decelerate in September. Higher rates and weak home sales combined for the slowest September in two decades. Canadians Owe...

The Latest in Mortgage News: Recent hikes are “painful” for variable-rate mortgage borrowers, says BoC

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The Latest in Mortgage News: Recent hikes are "painful" for variable-rate mortgage borrowers, says BoC - Mortgage Rates & Mortgage Broker News in Canada Homebuyers with a variable mortgage rate are facing a "painful" adjustment as interest rates continue to rise, the Bank of Canada's Senior Deputy Governor Carolyn Rogers said this week.

Over half of mortgage borrowers concerned about renewals

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Over half of mortgage borrowers concerned about renewals - Mortgage Rates & Mortgage Broker News in Canada A new survey has found that 53% of Canadian mortgage borrowers are concerned about the prospect of higher monthly payments at renewal time.