Mortgage in Toronto

BoC’s Macklem reiterates that rates need to rise further. But by how much?

BoC's Macklem reiterates that rates need to rise further. But by how much? - Mortgage Rates & Mortgage Broker News in Canada For the second time this month, Bank of Canada Governor Tiff Macklem said that interest rates need to rise further.

Canada's real estate market is cooling. Here's what to expect this fall

Canada's real estate market is cooling. Here's what to expect this fall TORONTO — After fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate. It's welcome news for prospective buyers hoping for a better price. But as the busy fall season nears, realtors and economist...

Douglas Todd: How to make sense of Canada’s falling housing market

Douglas Todd: How to make sense of Canada’s falling housing market Analysis: ‘Buyers don’t know whether to purchase yet. And sellers don’t know if they should sell for less.’

What are the prospects for a busy fall mortgage market?

What are the prospects for a busy fall mortgage market? Possibilities remain despite another looming Bank of Canada rate increase

Housing Market Crash: How to Make a Profit

Housing Market Crash: How to Make a Profit The housing market crash is here, but you can still earn dividends with Brookfield Infrastructure Partners (TSX:BIP.UN)(NYSE:BIP).

Where are interest rates headed for the rest of 2022?

Where are interest rates headed for the rest of 2022? The year to date has already seen its fair share of surprising news where variable and fixed rates are concerned

High interest rates are making GICs more popular in Canada. Why is that?

High interest rates are making GICs more popular in Canada. Why is that? - National | Globalnews.ca Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates.

Sellers 'expecting yesterday's prices': Canadians cope with a correcting housing market

Sellers 'expecting yesterday's prices': Canadians cope with a correcting housing market After a series of interest rate hikes implemented by the Bank of Canada, housing markets are now facing a 'significant' correction. CTVNews.ca spoke to Canadians who are now struggling to make the goal of purchasing a home, or selling one, a reality.

'Wait and see': Toronto, Vancouver home sales plummet from 2021 as buyers hang around

'Wait and see': Toronto, Vancouver home sales plummet from 2021 as buyers hang around TORONTO — The Canadian real estate sector might not be a buyers' market quite yet, but a shift away from the rapid price increases of the past few years is well underway with home sales in both the Greater Toronto and Vancouver Areas dropping signifi

What is your trigger rate, and how does it affect your variable-rate mortgage?

What is your trigger rate, and how does it affect your variable-rate mortgage? As the Bank of Canada raises rates, some homeowners will see their monthly payments affected

The best ways to earn credit card points on rent and mortgage payments

The best ways to earn credit card points on rent and mortgage payments JUMP TO Section Services to pay your rent and mortgage with a credit card Credit cards to use on rent and mortgage payments Is it worth it? Services to pay your rent and mortgage with a credit card Credit cards to use on rent and mortgage payments Is it worth it? Insider's experts choose the best pr...

Canada’s Variable Rate Mortgage Borrowers Aren’t In For The Mayhem Media Expects

Canada’s Variable Rate Mortgage Borrowers Aren’t In For The Mayhem Media Expects - Better Dwelling Canadian variable rate mortgage costs are rising, but National Bank of Canada doesn't see the "trigger rate" being hit.

Panicking over rising interest rates? Mortgage specialists share advice to help ease stress

Panicking over rising interest rates? Mortgage specialists share advice to help ease stress | CBC News Mortgage specialists say they're busier than usual these days answering panicked calls from Canadians holding a variable mortgage or set to renew who want to know how to save money in the face of rising interest rates.

Missed a mortgage payment? Here are next steps you should take

Missed a mortgage payment? Here are next steps you should take Amid a series of interest rate hikes recently implemented by the Bank of Canada, some homeowners may be concerned about keeping up with their mortgage payments. For those who are worried about being able to afford their home, experts say there are a number of tools available to help, including mortg...

Is inflation nearing a peak? Some economists think so

Is inflation nearing a peak? Some economists think so - Mortgage Rates & Mortgage Broker News in Canada Despite June's headline CPI inflation reading rising to a near-40-year high, it was less than markets had expected.

Mortgage insurers clarify qualification rules for VRM applications amid rising rates

Mortgage insurers clarify qualification rules for VRM applications amid rising rates - Mortgage Rates & Mortgage Broker News in Canada The Bank of Canada's historic 100-bps rate hike last week has led to confusion over how the stress test should be applied to variable rate mortgage applications already in lender pipelines.

Canadian rent prices were flat in June, but could rise further as demand grows

Canadian rent prices were flat in June, but could rise further as demand grows - Mortgage Rates & Mortgage Broker News in Canada The average rent in Canada took a breather in June, dropping slightly compared to May, according to data from Rentals.ca. The flat reading follows a 3.7% monthly increase in May. Average rents are still 9.5% higher than they were last year, but are down 3.5% compared to pre-pandemic June 2019. Five....

How will the latest rate hike impact variable-rate mortgage holders?

How will the latest rate hike impact variable-rate mortgage holders? - Mortgage Rates & Mortgage Broker News in Canada Variable-rate mortgages in Canada are now averaging about 4.20%, a full percentage point higher than they were a week ago.

Growing reverse mortgage market faces risks: DBRS

Growing reverse mortgage market faces risks: DBRS | Investment Executive The spike in home prices makes recently originated reverse mortgages more risky in a downturn

Bank of Canada preview: 75-bps rate hike in the cards this week

Bank of Canada preview: 75-bps rate hike in the cards this week - Mortgage Rates & Mortgage Broker News in Canada Markets and economists alike overwhelmingly expect the Bank of Canada to lift its policy rate by 75 basis points when it meets this Wednesday.

Experts say housing market is heading for 'pain', so what can buyers and sellers expect in this environment?

Experts say housing market is heading for 'pain', so what can buyers and sellers expect in this environment? Falling house prices have led to more uncertainty for anyone hoping to make a move

Johnson Weighs 50-Year Mortgages That Children Can Inherit

Johnson Weighs 50-Year Mortgages That Children Can Inherit Boris Johnson is exploring plans to offer British home-owners longer mortgages that can be passed between generations, the latest move by the government to stimulate housing demand.

Bank regulator beefs up rules for some types of home loans

Bank regulator beefs up rules for some types of home loans | CBC News The Office of the Superintendent of Financial Institutions is implementing new guidelines for certain types of real estate loans, including shared equity mortgages, reverse mortgages and conventional mortgages that are paired with home equity lines of credit.

Everything you need to know about alternative mortgages

Everything you need to know about alternative mortgages Plus: A rundown on the different types of alternative options available

41% of Canadians Don’t Trust the Bank of Canada to Cool Inflation

41% of Canadians Don't Trust the Bank of Canada to Cool Inflation As mortgage rates continue to increase all across the country, 41% of Canadians say they don't trust the Bank of Canada to cool inflation.

How the mortgage stress test is impacting qualification amounts

How the mortgage stress test is impacting qualification amounts - Mortgage Rates & Mortgage Broker News in Canada As of June 2022, we are currently seeing unnatural discrepancies in the size of mortgage loans borrowers will qualify for, and it’s all because of a rift in the space-time stress test continuum. You see, most 5-year fixed mortgage rates are already over 5%, making their stress test a full 2% highe...

Home prices fall again in May; down 13% from February’s peak

Home prices fall again in May; down 13% from February's peak - Mortgage Rates & Mortgage Broker News in Canada Average home prices in Canada continued to fall in May, while home sales were down in three quarters of all markets.

1 in 4 homeowners say rising mortgage rates could push them to sell: survey

1 in 4 homeowners say rising mortgage rates could push them to sell: survey - National | Globalnews.ca Rising interest rates could push roughly one in four homeowners to a point where they have to sell their homes, according to a new survey.

Typical mortgage payment could be 30% higher in 5 years, Bank of Canada warns

Typical mortgage payment could be 30% higher in 5 years, Bank of Canada warns | CBC News Inflated house prices and high household debt levels are a major vulnerability to Canada's economy, the Bank of Canada warned in a report assessing the strength of the country's financial system on Thursday.

Canadian Real Estate Correction Is Becoming The Deepest In Half A Century: RBC

Canadian Real Estate Correction Is Becoming The Deepest In Half A Century: RBC - Better Dwelling RBC sees Canadian real estate in the middle of the deepest correction in half a century, after less-than-stellar July market data.