New data suggests homes sales in Toronto dropped 37% last week compared to the same time last year, according to Realosophy Realty. The firm... Read More
Mortgage News
INSIGHTS AND ANALYSIS OF THE MORTGAGE MARKET
I saw a great meme this week. It said, “For years, I thought my housework wasn’t getting done because I didn’t have the time.... Read More
It’s official, Canada’s prime rate will fall to 2.45% following the Bank of Canada’s emergency rate cut on Friday. RBC once again led the... Read More
Last week, the President of the Canadian Bankers Association announced that all six major banks would offer deferral payments on their mortgages and other... Read More
Mortgage Rates Rising Rapidly Canada’s Real Estate Market Faces Uncertainty Call to End to Open Houses Mortgage Payment Deferral Challenges Filogix’s Expert Victim of... Read More
Canada’s big banks announced this week that those struggling due to the COVID-19 crisis will be able to defer their mortgage payments for up... Read More
For the second time in two weeks Canada’s prime rate has fallen by 50-percentage points. Following the Bank of Canada’s emergency rate cut on... Read More
Canada’s national housing market continued to climb in February, according to all measures as reported by the Canadian Real Estate Association (CREA) reported on... Read More
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Fears over the COVID-19 pandemic and plummeting oil prices have caused mortgage rates to plummet to multi-year lows over the past couple of weeks.... Read More
For the first time since the financial crisis of 2009, the Bank of Canada has delivered an emergency inter-meeting rate cut of 50 bps.... Read More
Mortgage Professionals Canada has released its latest State of the Mortgage Market report today, which is chock full of new stats and insights into... Read More
Lenders are continuing to slash mortgage rates by the day following a massive bond rally on Monday that drove Canadian yields to record lows.... Read More
Bank of Canada Governor Stephen Poloz attempted to ease concerns yesterday that lower interest rates will further stoke overheated housing markets. Poloz argued this... Read More
Canada’s prime rate fell to 3.45% today for the first time since July 2018. This is good news for floating-rate mortgage holders and those... Read More