Royal LePage Archives - Mortgage Rates & Mortgage Broker News in Canada

Weekly Mortgage Digest: 84% of young Canadians prioritize homeownership despite affordability challenges

August 28, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Weekly mortgage digest: Fixed rates trending downward ahead of expected BoC cut

July 22, 2024 No Comments

This week’s digest highlights the past week’s key mortgage news, including the downward trend in fixed mortgage rates as lenders respond to lower bond yields.

Interest rate cut hasn’t led to rush of homebuyer demand yet: Royal LePage report

July 11, 2024 No Comments

Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada’s quarter-point cut to its key interest rate last month did not lead to a rush in demand.

Bank of Canada’s rate cut could spur housing demand as Toronto home sales fall in May

June 5, 2024 No Comments

Real estate market analysts say the Bank of Canada’s much anticipated decision to lower its key interest rate could be the sign that many would-be homebuyers have been waiting for to make their move.

Royal Lepage recreational property report 2024

Canadian recreational home prices expected to climb 5% this year amid supply squeeze

March 26, 2024 No Comments

Median home prices in the country’s recreational housing markets are forecast to rise 5% in 2024 as demand grows for scarce listings.

Weak demand casts chill over Canada’s recreational property market outlook

January 2, 2024 No Comments

Prices for cottages and other recreational properties are expected to remain fairly tepid this year as high borrowing costs and lower buyer demand continue to slow Canada’s real estate markets.

Latest in mortgage news: BC regulator slaps CIBC with $3.4M fine over mortgage violation

October 19, 2023 No Comments

CIBC was recently fined over $3.4 million by British Columbia’s consumer protection agency, Consumer Protection BC, due to violations related to mortgage discharge documentation.

Co-ownership on the rise: How Canadians are responding to housing affordability challenges

September 18, 2023 No Comments

more Canadians are now turning to co-ownership as a means to combat housing in-affordability.

Falling demand is bringing balance back to Canada’s recreational real estate markets

August 10, 2023 No Comments

Following the boom seen in recreational properties during the pandemic, high borrowing costs and reduced demand are helping to bring balance back to the market.

Nearly a third of young Canadians have put their home-buying plans on hold

October 3, 2022 No Comments

Rising interest rates and the overall higher cost of living are causing a large number of Canadians to postpone their homebuying plans.

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