Rising interest rates, compounded by stricter qualification rules, led to a 16% decline in mortgage activity in Quebec last year. Rising interest rates, compounded by stricter qualification rules, led to a 16% decline in mortgage activity in Quebec last year. Mortgage Rates & Mortgage Broker News in Canada
When deciding to hold rates at its February meeting, the Bank of Canada took into consideration the fact Canada’s real estate and mortgage markets are more rate sensitive compared to other countries. When deciding to hold rates at its February meeting, the Bank of Canada took into consideration the fact Canada’s real estate and mortgage …
Mortgage market in Canada more sensitive to higher rates: BoC Read More »
For the second straight month, Canada’s headline inflation rate surprised to the downside, all but guaranteeing another Bank of Canada rate pause at its April 6 meeting. For the second straight month, Canada’s headline inflation rate surprised to the downside, all but guaranteeing another Bank of Canada rate pause at its April 6 meeting. Mortgage Rates …
Sharp drop in inflation suggests interest rates have peaked: ING Read More »
It took some time, but mortgage rates are now responding to last week’s plunge in bond yields stemming from fears about systemic financial risk in the U.S. and Europe. It took some time, but mortgage rates are now responding to last week’s plunge in bond yields stemming from fears about systemic financial risk in the …
Mortgage providers slash rates in wake of bond yield drop Read More »
All mortgage brokers should have a comfortable working knowledge of how prepayment penalties are calculated and applied. All mortgage brokers should have a comfortable working knowledge of how prepayment penalties are calculated and applied. Mortgage Rates & Mortgage Broker News in Canada
On a non-seasonally adjusted basis, home prices registered their first monthly rise in six months, jumping over $50,000 to $635,000. On a non-seasonally adjusted basis, home prices registered their first monthly rise in six months, jumping over $50,000 to $635,000. Mortgage Rates & Mortgage Broker News in Canada
Average rents in Canada may have declines for the third consecutive month, but they still remain 9.7% higher compared to a year ago. Average rents in Canada may have declines for the third consecutive month, but they still remain 9.7% higher compared to a year ago. Mortgage Rates & Mortgage Broker News in Canada
Borrowers are now spending roughly $1 out of every $13 of their disposable income on servicing their mortgages. That’s according to Statistics Canada’s fourth-quarter national balance sheet and financial flow accounts. The data shows Canadians are spending 7.66% of their household disposable income on servicing their mortgage debt, up from 7.5% in the previous quarter …
Mortgage debt taking up a record share of income Read More »
Uninsured posted rates from Canada’s Big 6 banks have skyrocketed over the past year, according to data from the Bank of Canada. Uninsured posted rates from Canada’s Big 6 banks have skyrocketed over the past year, according to data from the Bank of Canada. Mortgage Rates & Mortgage Broker News in Canada
The Bank of Canada delivered its first rate pause of the past year yesterday, but Deputy Governor Carolyn Rogers made clear it remains a “conditional pause.” The Bank of Canada delivered its first rate pause of the past year yesterday, but Deputy Governor Carolyn Rogers made clear it remains a “conditional pause.” Mortgage Rates & Mortgage …
Bank of Canada not ruling out additional rate hikes just yet Read More »