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Category Archives: Canada News
For the past few years, we’ve all been talking about the changes to amortization periods and how that affects housing affordability. Now, CMHC has issued new guidelines for calculating debt service ratios. Stricter Debt Ratio Standards on the Way.
According to statistics released today by The Canadian Real Estate Association Canadian home sales rise in April.
Historically, Bond Rates and Fixed Mortgage Rates have fluctuated in relation to each other.Canada’s Bond Rates have climbed in the past few days. As a result, some lenders are increasing their interest rates. Interest Rates are still at a historical … Continue reading
Here we go again. Just as we’re setting into our spring market, an announcement from the Office of the Superintendent of Financial Institutions Canada, verifies that they may be looking at changes to amortization rules yet again, tightening the rules … Continue reading
Bank of Canada signals rates to remain on hold even longer.
Is it time to switch your Variable Rate Mortgage into a Fixed Rate Mortgage? Fewer people believe that rates could rise this year. In a study released by CIBC, 46% of Canadians believe today’s low rates will remain unchanged over … Continue reading
The Bank of Canada announced that it will keep the overnight rate at 1 percent, where its has been for over 2 years now. Great news for everyone with a variable rate mortgage.
The Royal Bank has released it’s Housing Trends and Affordability Report, which measures affordability for each province, captures the pre-tax household income needed to service the costs of owning a home at market values. Alberta’s housing market is among the … Continue reading
According to a recent study, home buyers are becoming more conservative and financially responsible. Also, tighter mortgage rules and global financial events are really driving the message home. Affordability took a hit in 2012, so there’ll be a readjustment period, … Continue reading
The Bank of Canada announced today, that the timing of the next increase in interest rates is “less imminent than previously anticipated”, which surprised most analysts.