Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
3.4 million Canadians will renew their mortgages by 2025: Royal LePage - Financial Post + MORE Oct 26th
3.4 million Canadians will renew their mortgages by 2025: Royal LePage Financial PostSurvey finds Canadian homeowners fret over mortgage renewals Toronto StarMortgage renewal: New survey says many concerned about rising interest rates CTV News OttawaInterest rates: H.... More »
Latest in Mortgage News: OSFI leaves stress test rate unchanged + MORE Dec 13th
Canada’s banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged..... More »
Family legacy: How to pass along the family cottage—and 3 things to avoid + MORE Nov 22nd
The iconic Canadian cottage stands as a symbol of family traditions, summer getaways and cherished memories. Yet, as the years pass and generations shift, the future of a family cottage can become uncertain, thanks to things like family conflicts, financial implications and differing expectations am.... More »
Fixed mortgage rates keep rising, and could continue as bond yields near 4% + MORE Jul 9th
Bond yields ended the week higher, flirting with a key technical level of 4% following the release of overall strong employment data in both Canada and the U.S..... More »
Ask the Expert: The homeowner’s debt dilemma — should you go Bankruptcy or Consumer Proposal? Nov 24th
If you’re a homeowner facing the crushing weight of debt, you’re probably aware the two most dramatic debt resolution solutions: Bankruptcy and Consumer Proposal (CP).
A Consumer Proposal is often recommended because it is seen as gentler and less damaging than bankruptcy. But .... More »
BoC rate hikes among the leading contributors of inflation now due to mortgage costs
– canadianmortgagetrends.com
The country’s inflation rate may be coming down, but there are still some parts of the economy exerting upward pressure, including, ironically, high inflation rates.
OSFI considering the need for additional regulations on existing mortgages
– canadianmortgagetrends.com
Canada’s banking regulator says it is considering whether to extend the scope of its mortgage guidelines to include existing mortgages. In its second Annual Risk Outlook released this week, the Office of the Superintendent of Financial Institutions (OSFI) said it will “consider the scope of Guideline B-20, which currently focuses on mortgage origination, and assess whether expectations should extend to principles for management of existing mortgage accounts and incorporate more recent supervisory insights.” OSFI’s existing regulatory guidelines apply to all […]
Bank of Canada watching trend of longer amortization periods among borrowers
– canadianmortgagetrends.com
The Bank of Canada is investigating a growing trend of borrowers extending their mortgage amortization periods amid persistently high interest rates and ongoing inflationary pressures.
