Mortgage Rates & Mortgage Broker News in Canada - Home Page
Mortgage reforms alone won’t solve housing crisis, says Mortgage Professionals Canada CEO. Capital gains tax hike could cost 414,000 jobs and slash GDP, economist warns. Barriers to homeownership in Canada are “vast,” Butler tells Finance Committee. Mortgage industry weighs in on federal secondary suite refinance program.
New mortgage rules spark debate in Canada’s housing sector
2024年10月6日 — The new rules, which come into effect on December 15, will see the cap on insured mortgages raised from $1 million to $1.5 million, along with an expanded 30-year amortization option for first-time buyers and those purchasing new builds.. Industry insiders have mostly celebrated the government’s willingness to adapt its policies in response to economic and market pressures.
Weekly mortgage digest: Fixed rates trending downward ahead of …
2024年7月22日 — Canada’s Housing Plan may bring prices down in some markets, says Minister. Canada’s housing plan could put upward pressure on home prices, according to Sean Fraser, the federal Minister of Housing, Infrastructure and Communities. “It’s not my goal to bring down housing prices. My goal is to build more supply at prices that people can afford,” he told Bloomberg in an interview.
Fixed mortgage rates are rising. What’s the deal?
2024年4月18日 — The average deep-discount 5-year fixed rate available for insured mortgages (those with a down payment of less than 20%) is currently around 4.79%. “I think we see it get to 5.29%,” Sims said. While fixed rates are widely expected to resume their decline once Bank of Canada rate cuts are imminent, Sims says there’s a wildcard that should ...
The State of the Residential Mortgage Market: 2020
2021年3月26日 — This, of course, had major implications for the mortgage market. Mortgage Professionals Canada’s Annual State of the Residential Mortgage Market in Canada report provided a detailed look at borrower behaviour and mortgage market trends in 2020. The comprehensive report, compiled by MPC’s chief economist Will Dunning, looked at everything from average mortgage rates and sources of down ...
Fixed mortgage rates are falling. Experts explain why and weigh in …
2024年6月9日 — Mortgage broker and rate analyst Ryan Sims told CMT the rate drops are due to last week’s Bank of Canada rate cut, as well as the rise in bank mortgage default rates and weakening economic data, including slower-than-expected GDP growth and easing inflation. “Also, let’s keep in mind that 5-year fixed rates—even after this recent slide—are still about 20 bps higher than where we were ...
2022 Housing and Interest Rate Forecasts - Mortgage Rates
2021年12月29日 — 1.35%. 1.90%. Meanwhile, the bond market is maintaining its forecast for more aggressive rate tightening by the Bank of Canada. As of Tuesday, it is still fully priced in for five quarter-point rate hikes by the end of 2022, which would bring the overnight target rate to 1.50%. canadian housing forecasts housing forecast interest rates rate ...
Mortgage rate pricing: Canada vs. the U.S.
2022年8月3日 — Suffice it to say, anyone can quote a rate. That’s the easy part. But rates in the U.S. move almost immediately with yields. To lock in a rate, you first need a customer application. And U.S. applications are more extensive than Canadian apps.
Interest Rates - Mortgage Rates & Mortgage Broker News in Canada
2024年9月18日 — Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps of easing by the end of 2025, lowering the overnight rate to 2.75%. The latest in interest rate movements, developing trends and future rate expectations. We regularly monitor bond yields and the impact on fixed mortgage ...
Mortgage Industry News - Mortgage Rates & Mortgage Broker News …
2024年10月1日 — Mortgage Digest: Canadians putting the brakes on spending. The latest happenings from within the mortgage industry. Here you’ll find a wide-ranging selection of stories focused on (but not limited to) the mortgage broker and lender communities in Canada.