CMHC told to Review Investment Property Down Payments
The federal government considers reforms to residential investment or commercial properties to curb house prices.
January 13, 2022
Category: Purchasing
Equifax Reports Average New Mortgage Size Surges 18%
Equifax reports that borrowers, on average, are taking out mortgages to the tune of $360,000 as of the 3rd quarter.
December 2, 2021
Bank of Canada: Rate Hikes Could Come Later Than Expected
Financial markets look at pricing in the first rate increase coming March. However, they may be off on the timing.
November 19, 2021
Time Needed To Save For A Down Payment Increases
Even before fixed mortgage rates started rising last month, housing affordability continued to deteriorate in the third quarter, the National Bank of Canada …
November 10, 2021
House Price Growth Has “Hit A Ceiling,” Says Moody’S
Canada’s housing market is showing signs of “returning to earth,” with slower price growth expected for much of 2022, according to a new report from Moody’s …
November 2, 2021
How A Mortgage Pre-Approval Can Protect You From Rising Rates
Over the past month, we have seen several fixed mortgage rate hikes from the banks and other lenders.
Whereas rates below 2% were readily available one month ago…
November 1, 2021
Parents To The Rescue: Average Size Of Gifted Down Payments Rises To $82,000
As home prices have risen sharply in recent years, so too has the amount of down payment assistance parents are willing to give their kids.
For those parent…
October 26, 2021
Canadians are keeping their purchasing power expectations in check – BoC
Amid continuing pandemic impacts, consumer expectations for wage growth and overall purchasing power remain moderate, according to the Bank of Canada.
This is de…
October 21, 2021
National Home Prices Rose in September as Supply Tightened
The national average home price re-accelerated in September, returning to a level last seen in May, housing supply continued to trend down.
The average sell…
October 15, 2021
Bond Yields Surge, Big Banks and Other Mortgage Lenders Raisin…
A growing number of lenders have been raising interest rates over the past week in response to rising bond yields, including RBC, BMO and National Bank of Ca…
October 12, 2021