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

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Climbing Debt, Diminishing Savings Highlighted in CBC Documentary Mar 6th

When it comes to debt management, many Canadians are struggling to keep up, with their housing situation being a source of stress. That was one of the key takeaways from the latest episode of CBC Television’s The Stats of Life, which focused on Canadian statistics surrounding savings (or lack.... More »
 home equity

The Latest in Mortgage News + MORE Jan 26th

As we do each month, we’ve rounded up some of the latest real estate and mortgage-related news from the past few weeks: Vancouver’s Housing Market Earns Dubious Honour Vancouver home prices may be falling now, but their record-high levels throughout 2018 have earned Vancouver the distinc.... More »
 home loans

Royal Bank cuts 5-year fixed mortgage rate, others likely to follow suit + MORE Jan 17th

Canada's biggest bank has cut its five-year fixed-term mortgage rate, a move other banks are likely to try to match in short order..... More »

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

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..... More »
 property mortgage

Home Sales Fall Sharply From January + MORE Mar 15th

The Canadian Real Estate Association reported today that national home sales plunged 9% from January to February, with 75% of local markets, including all major cities, recording fewer transactions. It’s not the first time CREA has reported such a steep month-over-month decline—home sales also d.... More »
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.

Continue Reading On cbc.ca »

Q4 2018 Bank Earnings – Mortgage Morsels

– canadianmortgagetrends.com

Looking back on 2018, it may have been a challenging year for the housing and mortgage markets, but it would be hard to tell judging by the $45.3 billion in collective profits made by the Big Six banks. They wrapped up the financial year with profits up an average of 13% over last year, even […]

Continue Reading On canadianmortgagetrends.com »

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.

Continue Reading On cbc.ca »

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