Rising interest rates in 2022 drove home sales and prices lower, but what does 2023 hold in store? Rising interest rates in 2022 drove home sales and prices lower, but what does 2023 hold in store? Mortgage Rates & Mortgage Broker News in Canada
2023 housing and interest rate forecasts Read More »
The government unveiled details of its foreign buyer ban on residential properties earlier this week, just days before the rules are set to take effect. The government unveiled details of its foreign buyer ban on residential properties earlier this week, just days before the rules are set to take effect. Mortgage Rates & Mortgage Broker News
The latest in mortgage news: Government unveils details of its foreign buyer ban Read More »
Canada’s headline inflation reading continued to fall in November, but core inflation rose, increasing the potential for an additional Bank of Canada rate hike in January. Canada’s headline inflation reading continued to fall in November, but core inflation rose, increasing the potential for an additional Bank of Canada rate hike in January. Mortgage Rates & Mortgage
“Sticky” core inflation raises the odds of a January rate hike: economists Read More »
High home prices and rising interest rates over the course of 2022 have made it significantly harder for buyers to qualify for the average mortgage, driving RBC’s affordability measure to its worst-ever level. High home prices and rising interest rates over the course of 2022 have made it significantly harder for buyers to qualify for
The cost of rent in Canada has been on an uptrend since the pandemic, and in November the average monthly rent reached $2,024. The cost of rent in Canada has been on an uptrend since the pandemic, and in November the average monthly rent reached $2,024. Mortgage Rates & Mortgage Broker News in Canada
The average rent in Canada has surpassed $2,000 Read More »
Home sales resumed their decline in November following a pause in October, while average home prices also continued their downward slide. Home sales resumed their decline in November following a pause in October, while average home prices also continued their downward slide. Mortgage Rates & Mortgage Broker News in Canada
Home sales and prices fell further in November Read More »
Canada’s banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged. Canada’s banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged. Mortgage Rates & Mortgage Broker News in Canada
OSFI leaves mortgage stress test unchanged Read More »
Canada’s banking regulator is set to announce the results of its annual review of the mortgage stress test’s minimum qualifying rate on Thursday. Canada’s banking regulator is set to announce the results of its annual review of the mortgage stress test’s minimum qualifying rate on Thursday. Mortgage Rates & Mortgage Broker News in Canada
OSFI unlikely to tweak the mortgage stress test tomorrow Read More »
The decline in national home prices this year will not turn into a prolonged downfall like the one that happened in the early 1990s. The decline in national home prices this year will not turn into a prolonged downfall like the one that happened in the early 1990s. Mortgage Rates & Mortgage Broker News in Canada
Long-term prospects for Canadian home prices are positive Read More »
The Bank of Canada’s interest rate hikes this year have “begun to work” to cool Canada’s overheated economy and slow inflation, the central bank’s Governor said on Monday. The Bank of Canada’s interest rate hikes this year have “begun to work” to cool Canada’s overheated economy and slow inflation, the central bank’s Governor said on
“Much higher” interest rates will be needed if inflation sticks, says Macklem Read More »
