Rishi Sondhi Archives - Mortgage Rates & Mortgage Broker News in Canada

National housing market in ‘holding pattern’ as buyers patient for lower rates: CREA

September 16, 2024 No Comments

The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely “stuck in a holding pattern” despite borrowing costs beginning to come down.

High borrowing costs, record condo completions lead to oversupply in Greater Toronto

September 11, 2024 No Comments

Greater Toronto Area-real estate watchers say the combination of high interest rates and an uptick in new condo units coming online has led to an oversupply that will take time to balance out.

Home sales slid in May as buyers awaited confirmation of a Bank of Canada rate cut

June 17, 2024 1 Comment

Home sales slipped in May and listings continued to build as prospective homebuyers largely remained on the sidelines.

Housing starts down seven per cent in March from February: CMHC

April 16, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.

Home prices continue to fall under the weight of high interest rates, but affordability not improving

December 14, 2023 No Comments

Both home prices and sales continued to trend downward in November as high interest rates continue to keep many prospective buyers on the sidelines.

Latest in mortgage news: More education needed on mortgage rates, survey shows

August 17, 2023 No Comments

When it comes to understanding mortgage rates and their impact on monthly payments, many Canadian borrowers have room for improvement.

Higher interest rates put a chill on Canada’s housing markets in July

August 15, 2023 No Comments

Home sales and prices continued to ease in July following the two latest rate hikes from the Bank of Canada.

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