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Housing and interest rate forecasts for 2025 Dec 30th
As we reflect on 2024, it was a year of resilience and adjustment for Canada’s housing and mortgage market, marked by the Bank of Canada’s pivot to rate cuts after two years of relentless hikes, offering long-awaited relief to borrowers..... More »
How much income do you need to buy a home in Canada? A look at housing affordability in May 2025 Jun 23rd
After an unseasonably chilly spring housing market, green shoots are appearing in terms of buyer demand—and that could mean days are numbered for easy borrowing conditions.
The latest data from the Canadian Real Estate Association revealed that, after six months of declines, sales firmed up bet.... More »
The Latest in Mortgage News: Time to Rethink the Stress Test Apr 21st
The stress test is back in the crosshairs of industry analysts. Earlier this week, CIBC World Markets Deputy Economist Benjamin Tal released a report that attributed an 8% drop in mortgage originations from 2017 to 2018 directly to the federal government’s stress test rules (B-20), which took .... More »
This millennial left her job to go back to school, but scholarships have left her with no debt. Can she afford a GTA home? Jul 28th
“I do eventually want to buy a home, but the housing market in the GTA is intimidating to say the least, and I’m not so committed to home ownership that I’ll tie myself down to an unmanageable mortgage,” Maggie said..... More »
2020 – Year in Review + MORE Jan 7th
Now that the page has finally been turned on 2020, we wanted to take a look back at how mortgage rates fared over the course of what was a tumultuous year. It’s safe to say that COVID-19 stole the show in terms of the year’s biggest newsmaker. On the mortgage front, one of the biggest th.... More »
Should You Be Paying Your Mortgage Down Aggressively?
– canadianmortgagetrends.com
Last year a third of mortgage holders in Canada chose to pay their mortgages aggressively, which is to say they paid more than the amount required. And the numbers were higher for those who bought their properties after 2013. Instinctively it would make sense to pay off your mortgage as quickly as you can, to […]
