CMHC reports annual pace of housing starts slowed in February + MORE Mar 9th

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How to Use a Mortgage Calculator + MORE Apr 18th

  Looking at mortgage rates for a new house? Need a mortgage calculator? Canada residents know it’s easy to fall in love with your dream home. But, it helps to factor in the mortgage loan amount and interest rate beforehand. You want to determine how much house you can afford  -  p.... More »
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MORTGAGE 101: Understanding Different Mortgage Options + MORE Mar 27th

To new buyers, the real estate market can appear intimidating with jargon like amortization, mortgage insurance, fixed vs variable and so on. Here are some of the key terms and mortgage types you’ll encounter when shopping for your home loan. What is a Mortgage? A mortgage is a loan offered by fi.... More »
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The Latest in Mortgage News – An Eye on Real Estate + MORE Mar 30th

A number of reports this month have provided some insight into the latest movements in Canada’s housing market. New data shows that home sales and prices continue to fall in Toronto and Vancouver, with the exception of Toronto condo sales, which have reached a new high. RBC also came out with .... More »
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IMF Cautions Against Relaxing Mortgage Rules, Says Market Still Heated in Canada + MORE May 24th

The housing market remains the biggest threat to Canada’s economic health. That is according to a report by the International Monetary Fund (IMF), published this week after an official visit to Canada. They are responding to calls by several real estate boards in Canada to ease the new B-20 stres.... More »
Expectations for future interest rate hikes fell even further following yesterday’s Bank of Canada rate decision. Up until now, BoC Governor Stephen Poloz had repeated that the overnight rate—currently at 1.75%—would need to reach the Bank’s “neutral range” target of 2.5-3.5%. That implied a minimum of three more rate hikes over the next couple of […]

Continue Reading On canadianmortgagetrends.com »

The housing agency said Friday the annual pace of housing starts slowed in February as higher mortgage rates and other economic conditions soften demand. Economists had expected an annual pace of 205,000 for the month but instead fell to 173,153 units.

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