11/29/2024 | Posted in Mortgages and Real Estate by Maurice Hyde
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Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most ... More
11/25/2024 | Posted in Mortgages and Real Estate by Maurice Hyde
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Effective Thursday, uninsured bank borrowers no longer need to show they can afford a higher rate when switching lenders. ... More
9/26/2024 | Posted in Home Owners by Maurice Hyde
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Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. ... More
6/13/2024 | Posted in Government and Regulation by Maurice Hyde
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The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches. ... More
9/8/2023 | Posted in Home Buyers by Maurice Hyde
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It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that ... More
8/14/2023 | Posted in Home Buyers by Maurice Hyde
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Originally introduced to mitigate borrower default risks in the event of rising interest rates, some brokers now argue that Canada’s mortgage stress test is no longer needed ... More
3/6/2020 | Posted in Toronto Real Estate by Maurice Hyde
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Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'. And now the Bank of Canada is putting "kerosene on the fire" with ... More
2/27/2020 | Posted in Mortgages and Real Estate by Maurice Hyde
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The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More
2/18/2020 | Posted in Mortgages and Real Estate by Maurice Hyde
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Ottawa changing stress test rate for insured mortgages starting April 6. ... More
2/10/2020 | Posted in GTA Real Estate by Maurice Hyde
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ... More
2/5/2020 | Posted in Canadian Housing Market by Maurice Hyde
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The chief executive of the Bank of Nova Scotia says Canada’s housing market needs more supply, not a major change to the mortgage stress test. ... More
1/8/2020 | Posted in Mortgages and Real Estate by Maurice Hyde
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11/6/2019 | Posted in Canadian Housing Market by Maurice Hyde
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Tighter mortgage regulations are making Canada’s housing market less risky, according to the government agency responsible for its oversight. ... More
8/24/2019 | Posted in Home Buyers by Maurice Hyde
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New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests. ... More
7/21/2019 | Posted in Mortgages and Real Estate by Maurice Hyde
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years. ... More
7/18/2019 | Posted in Mortgages and Real Estate by Maurice Hyde
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The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp. ... More
6/17/2019 | Posted in Mortgages and Real Estate by Maurice Hyde
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The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ... More
6/11/2019 | Posted in Mortgages and Real Estate by Maurice Hyde
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Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices. ... More
5/22/2019 | Posted in Canadian Economy and Housing Market by Maurice Hyde
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Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ... More
5/17/2019 | Posted in Home Buyers by Maurice Hyde
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The Conservative Party leader says he's "absolutely committed" to reviewing the rule. ... More
5/1/2019 | Posted in Mortgages and Real Estate by Maurice Hyde
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The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than expected, ... More
4/16/2019 | Posted in Mortgages and Real Estate by Maurice Hyde
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CIBC economist says regulators need to revisit rules that have made it harder to get a mortgage. ... More
4/3/2019 | Posted in GTA Real Estate by Maurice Hyde
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Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB's MLS® System in March ... More
4/3/2019 | Posted in GTA Real Estate by Maurice Hyde
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A flattened real estate market in the Greater Toronto Area has the region's real estate board again calling for revisions to stricter mortgage stress tests. ... More
3/12/2019 | Posted in Canadian Housing Market by Maurice Hyde
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Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate. ... More
3/10/2019 | Posted in Canadian Economy and Housing Market by Maurice Hyde
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Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says. ... More
3/3/2019 | Posted in Canadian Housing Market by Maurice Hyde
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The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data. ... More
2/27/2019 | Posted in Canadian Housing Market by Maurice Hyde
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Here's what it takes to buy an average-priced home in Canada's major cities — and how choosing a 30-year mortgage would change that. ... More
2/26/2019 | Posted in Mortgages and Real Estate by Maurice Hyde
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Ten per cent of Canadians no longer qualify for a mortgage with banks. ... More
2/22/2019 | Posted in Canadian Housing Market by Maurice Hyde
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While a decline in sales in January 2018 was expected, the decline this January was disturbing. ... More
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