9/22/2021 | Posted in First Time Home Buyers by Ron Hyde
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This buyer cohort also makes more expensive residential moves, on average ... More

Real Estate & Mortgage News

  9/8/2021 | Posted in Mortgage Interest Rates by Ron Hyde
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The Bank of Canada delivered a status quo rate decision today, keeping its target rate and bond purchases unchanged. ... More

Real Estate & Mortgage News

  9/2/2021 | Posted in Home Buyers by Ron Hyde
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What's “buyer fatigue”? This term applies to home hunters who have been repeatedly outbid and left disillusioned by the process. ... More

Real Estate & Mortgage News

  8/23/2021 | Posted in First Time Home Buyers by Ron Hyde
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Politicians are zeroing in on ways that just might make the dream of owning a home that much easier. ... More

Real Estate & Mortgage News

  8/20/2021 | Posted in Mortgages and Real Estate by Ron Hyde
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Canadians are piling into mortgages at more than double the historical pace as the housing market appears to moderate after a pandemic boom. ... More

Real Estate & Mortgage News

  8/18/2021 | Posted in Ontario Real Estate by Ron Hyde
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Ontario residents are growing increasingly stressed out about money, debt, and the ability to cover even their basic living expenses, according to ... More

Real Estate & Mortgage News

  8/4/2021 | Posted in Home Buyers by Ron Hyde
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Skyrocketing housing prices in 2021 are driving up how long it would take for homebuyers to save for a down payment, new data shows. ... More

Real Estate & Mortgage News

  7/5/2021 | Posted in Real Estate News by Ron Hyde
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Canada Mortgage and Housing Corp. is easing its underwriting criteria for mortgage loan insurance after changes it made last year were not effective and caused it to lose market ... More

Real Estate & Mortgage News

  6/28/2021 | Posted in Canada Living by Ron Hyde
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A look at why the hot housing market is out of reach for young Canadians ... More

Real Estate & Mortgage News

  5/20/2021 | Posted in Home Buyers by Ron Hyde
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Canada’s banking watchdog is confirming it will apply tighter rules to the so-called mortgage stress test, effective June 01. ... More

Real Estate & Mortgage News

  5/12/2021 | Posted in Home Buyers by Ron Hyde
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Canadians are so alarmed by the red-hot housing market that many say they’d like to see the central bank raise the cost of borrowing to dampen demand for real estate and ... More

Real Estate & Mortgage News

  5/6/2021 | Posted in Home Buyers by Ron Hyde
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Whether you’re starting your home search or you just bid on the place of your dreams, getting denied for a mortgage will stop you cold. ... More

Real Estate & Mortgage News

  5/4/2021 | Posted in Home Buyers by Ron Hyde
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Unconditional offers are poor choices and our courts have shown little empathy for failed purchasers, repeatedly holding that vendors have no obligation to accommodate purchasers ... More

Real Estate & Mortgage News

  5/1/2021 | Posted in Mortgage Advice by Ron Hyde
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Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. ... More

Real Estate & Mortgage News

  4/30/2021 | Posted in Home Buyers by Ron Hyde
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Effective June 1, the federal mortgage stress test increases to 5.25 per cent, or about four times higher than what major lenders are actually charging ... More

Real Estate & Mortgage News

  4/19/2021 | Posted in Canadian Housing Market by Ron Hyde
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The trend in housing starts was 273,664 units in March 2021, up from 252,636 units in February 2021, according to Canada Mortgage and Housing Corporation (CMHC). ... More

Real Estate & Mortgage News

  4/16/2021 | Posted in Canadian Housing Market by Ron Hyde
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In a report to clients Thursday, TD Senior Vice-President and Chief Economist Beata Caranci said that ultimately, rock-bottom interest rates are to blame and warned against any ... More

Real Estate & Mortgage News

  4/12/2021 | Posted in Canadian Economy and Housing Market by Ron Hyde
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In the pandemic-linked housing boom, average residential property values have become decoupled from average incomes over vast swathes of the country. ... More

Real Estate & Mortgage News

  4/11/2021 | Posted in Mortgage Interest Rates by Ron Hyde
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With the lowest rates for five-year fixed mortgage products in Canada having risen last month for the first time since January 2020, speculation began to mount in the mortgage ... More

Real Estate & Mortgage News

  4/8/2021 | Posted in Home Buyers by Ron Hyde
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Canada's financial regulator, which has been planning changes in its four-year-old mortgage stress test, on Thursday proposed making it tighter, following concerns that the ... More

Real Estate & Mortgage News

  4/8/2021 | Posted in Home Buyers by Ron Hyde
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Canada’s top banking watchdog is about to take another stab at overhauling its stress test on residential mortgages. ... More

Real Estate & Mortgage News

  4/8/2021 | Posted in Home Buyers by Ron Hyde
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One in five Canadians are hoping for a significant fall in housing prices, a sign of the mounting frustration felt by many people looking to get into the country's hot ... More

Real Estate & Mortgage News

  3/17/2021 | Posted in Mortgages and Real Estate by Ron Hyde
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Non-bank lenders have seen the rate of arrears on insured mortgages go roughly 50% higher than their uninsured counterparts, according to data from Statistics Canada. ... More

Real Estate & Mortgage News

  3/10/2021 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus campaign. ... More

Real Estate & Mortgage News

  3/7/2021 | Posted in Home Buyers by Ron Hyde
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Amid a hot housing market in major Canadian cities that has pushed ownership further out of reach for young first-time prospective home buyers, there are increasing calls for the ... More

Real Estate & Mortgage News

  3/1/2021 | Posted in Mortgages and Real Estate by Ron Hyde
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CIBC Deputy Chief Economist Benjamin Tal said many Canadians aren’t prepared for a shock to their mortgage rates as a result of volatility in the bond market. ... More

Real Estate & Mortgage News

  2/26/2021 | Posted in Home Owners by Ron Hyde
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Nearly half of Canadians aged 25 to 35 own their home; one quarter of these homeowners have purchased a property since the onset of the COVID-19 pandemic, while 52% say remote ... More

Real Estate & Mortgage News

  2/24/2021 | Posted in Canadian Housing Market by Ron Hyde
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Canada's top central banker said Tuesday that the economy would continue to need monetary stimulus, likely until 2023, even though there are already signs it could be ... More

Real Estate & Mortgage News