8/8/2022 | Posted in Mortgages and Real Estate by Sheru Asnani
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There has been a lot of discussion recently about how variable-rate mortgage holders could face their “trigger point.” We’re going to explore what that means, ... More

Variable-rate mortgages are about to trigger payment increases

  8/5/2022 | Posted in Mortgages and Real Estate by Sheru Asnani
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Trend builds on substantial annual increase in Canadian residential mortgage debt last year.

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StatCan: Mortgage activity remains strong among non-bank lenders

  7/18/2022 | Posted in Mortgages and Real Estate by Sheru Asnani
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A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper ... More

Interest rate hike like a 'hammer to housing': BMO senior economist

  7/13/2022 | Posted in Mortgages and Real Estate by Sheru Asnani
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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years.

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How the Bank of Canada's rate hike will impact mortgages, loans and spending

  7/13/2022 | Posted in Mortgages and Real Estate by Sheru Asnani
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The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway ... More

Bank of Canada hikes rate to 2.5% - here's what it means for you

  7/8/2022 | Posted in Mortgages and Real Estate by Sheru Asnani
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As interest rates tick up, financial experts expect to see delinquency on home equity lines of credit rise in the next few months, especially if inflation refuses to ... More

Delinquent HELOC debt expected to soon rise as interest rates increase, say experts

  6/21/2022 | Posted in Mortgages and Real Estate by Sheru Asnani
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An obscure feature of variable-rate mortgages may push up the monthly payments for an increasing number of borrowers.

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Monthly payments on variable-rate mortgages could increase as borrowers near their 'trigger rate'

  6/17/2022 | Posted in Mortgages and Real Estate by Sheru Asnani
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Experts say extending the amortization period for your mortgage could keep your monthly payments in check even as you face higher interest rates, but caution that doing so ... More

Extending mortgage period could keep payments in check even as rates rise

  4/17/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

Canadian banks have processed 670,000 mortgage deferrals in first month

  4/4/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic ... More

Canada's big banks field half a million mortgage deferral requests

  3/26/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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Canada beefs up liquidity plan with expanded mortgage guarantee

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CMHC expands Insured Mortgage Purchase Program

  3/5/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that.

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What the Bank of Canada rate cut means for mortgages

  2/27/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More

Changing the stress test may raise credit risk for banks says Fitch

  2/19/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for ... More

OSFI considering new benchmark rate for uninsured mortgages

  2/18/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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Ottawa changing stress test rate for insured mortgages starting April 6.

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Morneau unveils new insured mortgage stress test rate

  1/22/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy.

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Bank of Canada Holds Rates, Shows Less Confidence in Outlook

  1/22/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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The current lending rules in Canada are geared towards shorter-mortgage terms

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Why longer-term mortgages could be beneficial

  1/17/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics.

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Ultra-low Rates Will Persist: RBC

  1/8/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More

CEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test

  10/10/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s ... More

Canadian mortgage debt growth continues unabated

  9/25/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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Employment figures had a major influence on the market's dynamics.

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Low interest rates are the market's lifeline during tougher times

  9/19/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.

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More Fed cuts expected to push Canadian interest rates lower

  9/16/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud.

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23% of millennials justify lying on a mortgage application

  9/6/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests.

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Canadian mortgage borrowers have a 'rare opportunity'

  8/10/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes.

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Soaring House Prices Could Return As Interest Rates Head To Zero: BMO

  7/28/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate.

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With fixed rates below variable ones, mortgage market is in the Upside Down

  7/21/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years.

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Central bank qualifying rate used in mortgage stress tests falls

  7/18/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp.

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OREA calls for relaxed mortgage rules

  7/17/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid ... More

Alternative lenders increase share of slowing Canadian mortgage market: CMHC
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