Risks for Canadian Real Estate Market
Rising interest rates in Canada strain households and financial system. Mortgage costs lead to increased credit card debt. Bank of Canada warns of reduced financial flexibility due to high rates […]
Explainer-How risky is it to extend Canadian mortgage amortizations?
The Bank of Canada's rapid interest rate hikes have caused the repayment period for many variable rate mortgages to extend to over 30 years, in order to protect households from […]
Mortgage Market Trends in Canada
Mortgage growth in Canada is slowing due to high inflation, rising interest rates, and cooling housing markets. Non-bank lenders are matching the pace of mortgage growth in the banking industry. […]
Canada’s Mortgage Rates Might Rise Soon
BoC raised its interest rate by 25 bps to 4.75% in response to a strong Q1. Resultantly, mortgage lenders may increase 5-yr fixed mortgage rates above 5.5%. Housing markets have […]
How are mortgage applications changing in the 2023 market?
The mortgage market in Canada has shifted significantly over the past year, with many lenders tightening qualification criteria and more borrowers turning to the alternative space. This has resulted in […]
A rebound in Canada’s housing market contributed to the BoC’s decision to hike rates in June – Mortgage Rates & Mortgage Broker News in Canada
The Bank of Canada's Governing Council decided to hike interest rates earlier this month due to the ongoing excess demand in the economy, including a rebound in existing home sales. […]
