Does it make sense for a young person to have life insurance? + MORE Nov 24th
Unsure about buying a home? Why you should open an FHSA now anyway Dec 12th
Why three big banks raised fixed mortgage rates despite falling bond yields + MORE Dec 3rd
Quebec’s legal battle between CNQ and title insurers leaves brokers and homeowners in limbo ahead of mortgage renewal wave + MORE Nov 27th
OSFI’s stress test on mortgage switches ends today: What you need to know
– canadianmortgagetrends.com
Ask the Expert: Steve Garganis on how the US impacts Canadian mortgage rates
– canadamortgagenews.ca
With President Trump making his return to the White House, financial markets are scrambling to make sense of what’s to come. And whatever our neighbours to the south do, Canada tends to follow. Here’s how this might shape your fixed mortgage rate in the near future. Read more – Interview with Steve
I hope you will enjoy this article and if you have any questions or would like to discuss I am always available.
Your best interest is my only interest. I reply to all questions and I welcome your comments. Like this article? Share with a friend.
Steve Garganis: 416-224-0114; steve@canadamortgagenews.
Why are mortgages so expensive in Canada?
– moneysense.ca
The monthly report provides a snapshot of how affordability is evolving in real time across Canada, based on real estate data from the Canadian Real Estate Association (CREA), changing mortgage rates and the mortgage stress test. It measures affordability by determining how much income is needed to qualify for a mortgage for the average-priced home in each market.
The October edition (updated monthly, so bookmark this page) reveals that affordability conditions improved in 12 of the 13 markets studied. This was mainly due to the fact that mortgage rates steadily decreased over the course of the month…