11/21/2024 | Posted in Canadian Housing Market by Ron Hyde
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The average income needed to buy a home keeps inching down in cities across Canada, according to the latest data. ... More
11/4/2024 | Posted in Government and Regulation by Ron Hyde
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Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million. ... More
10/31/2024 | Posted in First Time Home Buyers by Ron Hyde
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With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be a ... More
10/9/2024 | Posted in Mortgages and Real Estate by Ron Hyde
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Interest rate cuts by the Bank of Canada in recent months have helped reduce ownership costs for homeowners and buyers and bring about a slight improvement in the overall housing ... More
9/17/2024 | Posted in Government and Regulation by Ron Hyde
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The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.” ... More
8/1/2024 | Posted in Mortgage Interest Rates by Ron Hyde
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Canadian lenders are cutting fixed mortgage rates following a drop in bond yields. But what’s behind these latest moves? ... More
7/24/2024 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle. ... More
6/21/2024 | Posted in Home Buyers by Ron Hyde
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Many Canadian renters do not plan to purchase a home in the near future, with affordability challenges being a significant factor. ... More
5/30/2024 | Posted in Government and Regulation by Ron Hyde
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The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes. ... More
5/2/2024 | Posted in Canada Living by Ron Hyde
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New study shows how parental wealth significantly affects millennials and Gen Z's home ownership and property values in Canada ... More
4/30/2024 | Posted in Home Buyers by Ron Hyde
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The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows. ... More
4/18/2024 | Posted in Home Buyers by Ron Hyde
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As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up. ... More
3/13/2024 | Posted in Mortgages and Real Estate by Ron Hyde
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The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More
2/27/2024 | Posted in Home Buyers by Ron Hyde
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One third of Canadians are considering alternative home ownership models, a new survey has found, as purchasing a home remains out of reach amid an ongoing affordability crunch. ... More
2/6/2024 | Posted in Canada Living by Ron Hyde
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A new report published today reveals that the burden on buyers from provincial governments’ billions of dollars in levies and development fees on new construction, and ... More
1/18/2024 | Posted in Mortgage Interest Rates by Ron Hyde
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This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say. ... More
12/13/2023 | Posted in Mortgages and Real Estate by Ron Hyde
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Canada’s banking regulator confirmed it will leave the mortgage stress test for uninsured mortgages unchanged. ... More
12/13/2023 | Posted in Canadian Housing Market by Ron Hyde
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Some home sellers are struggling to find buyers amid high mortgage costs, according to an economist who says Canada’s housing market is in the midst of “a very healthy ... More
11/9/2023 | Posted in Mortgages and Real Estate by Ron Hyde
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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages outstanding ... More
9/29/2023 | Posted in Mortgage Interest Rates by Ron Hyde
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Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise. ... More
9/14/2023 | Posted in Mortgages and Real Estate by Ron Hyde
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Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest ... More
9/12/2023 | Posted in Real Estate Investments by Ron Hyde
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Investors in Canada’s residential real estate market accounted for a larger share of mortgaged purchases than repeat homebuyers in recent years despite rising interest ... More
9/8/2023 | Posted in Home Buyers by Ron Hyde
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It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that ... More
8/28/2023 | Posted in Canadian Housing Market by Ron Hyde
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The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst. ... More
8/14/2023 | Posted in Home Buyers by Ron Hyde
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Originally introduced to mitigate borrower default risks in the event of rising interest rates, some brokers now argue that Canada’s mortgage stress test is no longer needed ... More
7/26/2023 | Posted in Mortgages and Real Estate by Ron Hyde
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The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise. ... More
7/13/2023 | Posted in Mortgages and Real Estate by Ron Hyde
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Following the Bank of Canada’s latest interest rate hike, experts say Canadian mortgage owners will feel the impact of higher borrowing costs, either in the form of higher ... More
7/12/2023 | Posted in Mortgage Interest Rates by Ron Hyde
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The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of ... More
6/16/2023 | Posted in Mortgages and Real Estate by Ron Hyde
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Fixed mortgage rates are once again on the rise, with rates under 5% quickly becoming a distant memory. ... More
5/29/2023 | Posted in Interest Rates by Ron Hyde
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The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. ... More
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