March 2023

State of the mortgage market: Canadians anxious about their finances, but still see housing as a good investment

State of the mortgage market: Canadians anxious about their finances, but still see housing as a good investment

Canadian homeowners may be feeling more anxious about their finances these days, but an overwhelming majority continue to believe real estate is a good long-term investment.  Canadian homeowners may be feeling more anxious about their finances these days, but an overwhelming majority continue to believe real estate is a good long-term investment.  Mortgage Rates & Mortgage

State of the mortgage market: Canadians anxious about their finances, but still see housing as a good investment Read More »

Bank of Canada preview: Possible first rate pause in 12 months expected this week

Bank of Canada preview: Possible first rate pause in 12 months expected this week

The Bank of Canada is finally expected to leave rates unchanged as it monitors the economic impact of its monetary policy tightening.  The Bank of Canada is finally expected to leave rates unchanged as it monitors the economic impact of its monetary policy tightening.  Mortgage Rates & Mortgage Broker News in Canada 

Bank of Canada preview: Possible first rate pause in 12 months expected this week Read More »

BMO: 20% of variable-rate mortgage clients have increased payments

BMO: 20% of variable-rate mortgage clients have increased payments

Mortgage amortization periods continue to grow at BMO due to rising interest rates, but the bank said about a fifth of its variable-rate clients have preemptively increased payments.  Mortgage amortization periods continue to grow at BMO due to rising interest rates, but the bank said about a fifth of its variable-rate clients have preemptively increased

BMO: 20% of variable-rate mortgage clients have increased payments Read More »

Nearly three quarters of CIBC’s variable-rate clients have reached their trigger rate

Nearly three quarters of CIBC’s variable-rate clients have reached their trigger rate

Over 70% of CIBC’s variable-rate customers are seeing all of their mortgage payments go towards servicing interest costs.  Over 70% of CIBC’s variable-rate customers are seeing all of their mortgage payments go towards servicing interest costs.  Mortgage Rates & Mortgage Broker News in Canada 

Nearly three quarters of CIBC’s variable-rate clients have reached their trigger rate Read More »