2018 – Year in Review Jan 2nd

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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BIG NEWS: Mortgage includes Self-Employed Business Income and Best Rates! + MORE May 3rd

This is probably the biggest positive mortgage lending change in 10 years. A major lender has just announced a new program for self-employed individuals! For the last several years, mortgage lenders were not including any business income when qualifying for a mortgage. In other words, if you owned.... 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 »

Latest in Mortgage News – More Research on Stress Test Impacts May 6th

The stress test continues to be the focus of much research, with new data released recently on the full extent of its impacts on the housing market. We’ve summarized the latest findings, which look at the stress test’s impacts on home sales and prices over the past year, as well as the c.... More »

GTA home sales drop 16% in 2018, fewer houses listed: TREB + MORE Jan 5th

The number of homes sold in Toronto and the surrounding area fell in 2018 as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules..... More »

CMHC’s First-Time Home Buyer Incentive Falls Short of Expectations Jun 20th

The Canada Mortgage and Housing Corporation held an official announcement yesterday to release details of its First-Time Home Buyer Incentive (FTHBI). While officials reiterated how this shared-equity program will help young middle-class Canadian buyers, there were scant new details beyond what has .... More »

2018 – Year in Review

– canadianmortgagetrends.com

We’re about to turn the page on 2018, and many may feel not a moment too soon. Climbing fixed rates weren’t the only thing making mortgages less accessible in 2018. This was the first full year to measure the impacts of new federal mortgage rules. Provincial policies in B.C. and Ontario also contributed to putting […]

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