Stress-Test Rate Drops After a Year of No Change
July 19, 2019 - Good News in the Mortgage Industry. The qualifying rate has been lowered from 5.34% to 5.19%.This marks the first reduction in the rate since September 2016.Click here to read more!
Bank of Canada holds interest rate steady at 1.75%, citing trade tensions
July 10, 2019 - The Bank of Canada is leaving its key interest rate unchanged in an announcement that balances domestic economic improvements with an expanding global slowdown caused by trade conflicts.
The decision Wednesday kept the interest rate at...
Next Rate Move Will be Lower: CIBC
June 12, 2019 - Just months ago, the prospect of an additional Bank of Canada rate hike by the end of 2020 was very much on the table.
In recent weeks, however, whispers that the next rate move may in fact be down have been growing louder.
In December,...
Canadian mortgage rates are now at their lowest level since 2017. Here’s where they’re heading next.
June 10, 2019 - Looking at investing in a new home or investment- now is a good time. The interest rates are the lowest they have been since 2017. Read below or click the link to find out more.Rates for the most popular type of mortgage in Canada have...
National Home Sales Rebound in April: CREA
May 16, 2019 - Well according to CREA - the home sales rebounded in April. Read on to find out below where and how much._ _ _ _National home sales rebounded in April with transactions rising 4%, marking the first year-over-year gain since December...
Latest in Mortgage News – More Research on Stress Test Impacts
May 04, 2019 - The conversation continues with regards to the Stress Test. Find out below new data that explains the full extent of its impact on the housing market.
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We’ve summarized the latest findings, which look at the stress test’s...
The Latest in Mortgage News: Time to Rethink the Stress Test
April 20, 2019 - The stress test is back in the crosshairs of industry analysts.
Earlier this week, CIBC World Markets Deputy Economist Benjamin Tal released a report that attributed an 8% drop in mortgage originations from 2017 to 2018 directly to the...
TD Securities predicts Bank of Canada will keep key interest rate on hold through 2020
March 15, 2019 - TD Securities is predicting the Bank of Canada will keep its key interest rate on hold through to the end of next year.
The forecast builds on the firm’s forecast last week that the central bank would not hike its key interest rate...
No rate hike, B-20 is “just right” says panel of economists
March 01, 2019 - The Bank of Canada is unlikely to increase interest rates next week according to a panel of leading economists, which has also commented on Canadian housing policy.
The Bank of Canada Overnight Rate Survey from global comparison site...
Canadian regulators may review terms of mortgage stress test
February 06, 2019 - TORONTO (Reuters) - Canada will consider changing the terms of a stress test designed to cut out risky mortgage lending if market conditions change, one of the country’s top banking regulators.
Click here to read the full story - we...