Mortgages
Mortgages
Sign(ing) Of The Times? Many Young Canadian Adults Co-Own Properties With Their Parents
If you were born in the 1990s and own real estate, there’s a good chance you’ve had a little help from your parents.
May 02, 2024
Finance
Huge Number Of Would-Be Homebuyers Holding Out For Interest Rates To Drop
According to the BMO Real Financial Progress Index, a huge number of aspiring homeowners are waiting for interest rates to drop before entering the market.
Mortgages
A Rate Cut Won’t Save You (Or The Housing Market)
“If what we’re looking at is housing affordability, then… an interest-rate cut is merely going to fuel the market further still — and that’s going to be across all Canadian markets."
Opinion
When Will Rates Drop? It Depends On Who You Ask
What many Canadians may be unaware of is that fixed interest rates have already dropped 75 basis points from their peak last fall.
This $3.7M Arthur Erickson-Designed Townhome Is A Work Of Art
A home needs to be more than just aesthetically pleasing to be an artistic dwelling; it needs to inspire its inhabitants through unique, thought-provoking design, that pushes boundaries and transcends the norm. (You’ll know one when you see it.)
Mortgages
Mortgage Delinquencies Surge 135% In Ontario, 62% In BC
Canada-wide, mortgage delinquency rates have risen more than 52% over a 12-month course, new data from Equifax shows.
Mortgages
“Dead On Arrival”: CMHC Ends First-Time Home Buyer Incentive
An update provided on CMHC’s website confirms that the incentive is being “discontinued,” and notes that the deadline for new or updated submissions is March 21, 2024.
Finance
Income Needed To Buy A Home Down Almost $8K In Toronto, $10K In Vancouver
On top of softer mortgage rates, home prices have “chilled” across many major markets.
Mortgages
Renewing Your Mortgage in 2024? Here's How To Prepare
We spoke with Clay Jarvis, a mortgage and real estate expert at NerdWallet, to discuss what Canadians can do to prepare for a mortgage renewal in 2024.
Economy
Inflation Accelerated In December. What Does That Mean For Interest Rate Cuts?
"The Bank of Canada’s job is getting inflation under control. When there’s a setback like this, that should realistically postpone any possibility of a rate cut."
Real Estate News
What Experts Are Saying About Real Estate, Interest Rates In 2024
Forecasters say that 2024 will bring long-awaited interest rate cuts, some semblance of mortgage relief, and perhaps a more eventful spring housing market.
Mortgages
Interest Rates Slipping Below 5% For Some Mortgage Offerings
After many months of sky-high interest rates, some lenders are offering five-year insured fixed-rate mortgages at slightly more appealing rates.
Mortgages
Average Mortgage Holder To See Monthly Payments Rise Nearly 30% In 2024
There will be "no escape from higher rates," predicts Maria Solovieva, Economist at TD.
Mortgages
Canadian Mortgage Holders Reduce Spending Amidst High Interest Rates
The Canadian consumer is becoming increasingly stressed by high interest rates," TD Economics said.
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