Royal Bank of Canada said it remains confident in the ability of a majority of its mortgage borrowers to handle payment increases. Royal Bank of Canada said it remains confident in the ability of a majority of its mortgage borrowers to handle payment increases. Mortgage Rates & Mortgage Broker News in Canada
RBC says a “majority” of its mortgage clients can absorb higher payments Read More »
Scotiabank reaffirmed the strength of its variable-rate mortgage portfolio, despite the higher costs faced by borrowers due to rising interest rates. Scotiabank reaffirmed the strength of its variable-rate mortgage portfolio, despite the higher costs faced by borrowers due to rising interest rates. Mortgage Rates & Mortgage Broker News in Canada
“The variable customer is in good shape,” says Scotiabank Read More »
Canada’s largest bank is planning to become even bigger with a $13.5-billion offer to purchase the Canadian banking arm of HSBC. Canada’s largest bank is planning to become even bigger with a $13.5-billion offer to purchase the Canadian banking arm of HSBC. Mortgage Rates & Mortgage Broker News in Canada
RBC makes a $13.5-billion bid for HSBC Canada Read More »
With bond yields nearly 60 basis points off their highs reached earlier this month, fixed mortgage rates are slowly following and trending downward. With bond yields nearly 60 basis points off their highs reached earlier this month, fixed mortgage rates are slowly following and trending downward. Mortgage Rates & Mortgage Broker News in Canada
As bond yields fall, mortgage providers are cutting fixed mortgage rates Read More »
For the second time this month, Bank of Canada Governor Tiff Macklem said that interest rates need to rise further. For the second time this month, Bank of Canada Governor Tiff Macklem said that interest rates need to rise further. Mortgage Rates & Mortgage Broker News in Canada
BoC’s Macklem reiterates that rates need to rise further. But by how much? Read More »
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. 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
Roughly half of all mortgage holders with static-payment variable-rate mortgages have already reached their trigger rate, according to a new report from the Bank of Canada. Roughly half of all mortgage holders with static-payment variable-rate mortgages have already reached their trigger rate, according to a new report from the Bank of Canada. Mortgage Rates & Mortgage
50% of variable-rate mortgage holders have reached their trigger rate: BoC Read More »
Having already surpassed pre-pandemic levels, the average rent in Canada continued to rise in October. Having already surpassed pre-pandemic levels, the average rent in Canada continued to rise in October. Mortgage Rates & Mortgage Broker News in Canada
Average rent is nearly 12% higher compared to last year Read More »
In the face of a slowing housing market, Equitable Bank reported strong third-quarter earnings results. In the face of a slowing housing market, Equitable Bank reported strong third-quarter earnings results. Mortgage Rates & Mortgage Broker News in Canada
Equitable Bank reports strong mortgage growth in Q3, but expects “downshift” into 2023 Read More »
After plummeting more than 40% since February, home sales are showing signs they may be reaching a bottom. After plummeting more than 40% since February, home sales are showing signs they may be reaching a bottom. Mortgage Rates & Mortgage Broker News in Canada
Housing demand may be reaching a bottom Read More »
