Stress Test Causing National Housing Slump: CREA May 21st

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
 mortgage penalties

The best five-year fixed mortgage rates in Canada 2022 + MORE Dec 10th

Mortgages Canada’s best credit cards for groceries Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required. Let's get started .... More »

Mortgage payment calculator Oct 11th

For the majority of Canadians, buying a home will be the single biggest purchase they ever make, and getting a mortgage is an essential part of this process. According to a National Bank of Canada report, the majority of variable-rate-fixed-payment mortgage borrowers who signed onto between 2020.... More »
 finance

The Latest in Mortgage News: RBC downgrades its housing market forecast + MORE Jul 28th

RBC says it expects the country's housing correction to "deepen" in the coming months with resale activity and prices falling more than expected..... More »

80,000 variable-rate mortgages will reach their trigger point by year-end: RBC + MORE Aug 27th

Canada's largest bank said about 80,000 of its variable-rate mortgage clients will reach their trigger point with the next "couple of" Bank of Canada rate hikes..... More »
 property

How much credit card debt does the average Canadian have? + MORE Jan 18th

As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »

Stress Test Causing National Housing Slump: CREA

– canadianmortgagetrends.com

The Canadian Real Estate Association (CREA) blames the mortgage stress test introduced in January for slow activity across the nation in April. The housing market has cooled in all respects from April of last year, when the market peaked: the average sale price declined by 11.3 per cent to $495,000, and home sales by 2.9 […]

Continue Reading On canadianmortgagetrends.com »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!