survey Archives - Mortgage Rates & Mortgage Broker News in Canada

StatCan latest wealth survey shows stark disparity between homeowners, renters

October 29, 2024 No Comments

Statistics Canada’s latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture the true scale what’s owned by Canada’s richest families.

Fewer young Canadians own homes but majority planning to buy within five years: poll

October 29, 2024 No Comments

A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next five years.

Non-owners feel locked out of homeownership

Entry to housing market feels out of reach for 76% of non-owners: CIBC poll

April 12, 2024 No Comments

Three in four Canadians who don’t own a property say buying a home feels out of reach, a new poll shows.

Lenders reducing average amortization lengths

Latest in mortgage news: OSFI head applauds lenders’ efforts to shorten amortization lengths

April 1, 2024 No Comments

OSFI says it is encouraged by the progress Canadian lenders have made in reducing amortization lengths of the mortgages within their portfolios.

The latest in mortgage news: BC government unveils details of its proposed home-flipping tax

February 26, 2024 No Comments

The British Columbia government today unveiled additional details of its proposed house flipping tax that was introduced in last week’s budget.

Market participants still expect the first Bank of Canada rate cut in April

February 5, 2024 No Comments

Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April.

Latest in Mortgage News: Are fixed mortgage rates about to take another leg higher?

August 3, 2023 No Comments

There’s speculation that fixed mortgage rates, which have continued to trend higher over the past several weeks, are set to rise even further.

Optimism prevails among first-time and prospective homebuyers despite economic challenges, survey finds

June 20, 2023 No Comments

Despite rising interest rates and a challenging economic environment, first-time and prospective homebuyers are much more optimistic about Canada’s housing market compared to the general population.

The latest in mortgage news: Government unveils details of its foreign buyer ban

December 23, 2022 1 Comment

The government unveiled details of its foreign buyer ban on residential properties earlier this week, just days before the rules are set to take effect.

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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