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
Desjardins sees mortgage growth drive stronger first-quarter earnings + MORE May 15th
Residential mortgages now account for nearly two-thirds of Desjardins’ loan book, while impaired mortgage loans remained relatively stable despite ongoing economic uncertainty..... More »
Canada’s inflation rate falls to 2.5%, paving way for another interest rate cut + MORE Aug 23rd
Canada’s annual inflation rate fell to 2.5% last month, matching economists’ forecasts and solidifying expectations for a third consecutive interest rate cut in September.
Tuesday’s consumer price index report says prices for travel tours, passenger vehicles and electricity helped drive the.... More »
Information vs advice. Why is it free? Oct 19th
The internet is great for researching infomation, ratings and even advice. With so much available data, it’s hard to decide which is accurate, reliable or even truthful.
Take this site for example. If this is your first visit then you may not be aware of all my credentials nor how accurate .... More »
Fixed or Variable? Floating-Rate Mortgages Losing Their Lustre + MORE Aug 6th
It can be one of the most difficult choices for mortgage borrowers—fixed rate or variable? Thanks to historically low spreads between the two, that choice is becoming easier for many. “If you’re in the trenches shopping for a new mortgage, I’m going to tell you something I’ve rarely to.... More »
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 »
The Latest in Mortgage News – 2019 Forecasts
– canadianmortgagetrends.com
We’re about to turn the page on what was a challenging year for the mortgage and housing markets. But so far 2019 isn’t looking like it will be much better. That’s according to a slew of forecasts that have been released recently, most of which forecast moderating home sales, falling home prices and weaker economic […]
What Happened to Canadian Real Estate This Year and What to Expect in 2019
– ratesupermarket.ca
Whereas 2017 was the all-encompassing epitome of red-hot real estate markets across the country, 2018 started off on a quieter note. The year kicked off with a decline in sales, as changes to the Residential Mortgage Underwriting Practices and Procedures (referred to as B20) introduced by the Office of the Superintendent of Financial Institutions (OSFI) came into effect in on January 1. And eventually sales stabilized, but we’re still not seeing those record gains and prices that made prominent headlines back in 2017.
Now, this doesn’t mean that the Canadian real estate market is going through a correction; it simply shows how the public reacted to new provincial and municipal housing policies that were meant to stabilize the market anyway.
For potential home buyers who have been on the edge of their seats these past few years, these shifts in the market may be hard to digest. Let’s take a look back on the past year and understand what 2019 may bring.
What did home sales data look like throughout 2018?
Back in March, the Canadian Real Estate Association (CREA) reported that sales volume had dropped in February by 16…
