2/25/2021 | Posted in Mortgages and Real Estate by Becky LuDo
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Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but CMHC says the risk of these borrowers falling into arrears could ... More

2/2/2021 | Posted in Mortgage Interest Rates by Becky LuDo
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While Canada’s economy recorded its largest-ever annual drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of ... More

2/2/2021 | Posted in Mortgages and Real Estate by Becky LuDo
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Lenders "have never seen as many as they have now".
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1/27/2021 | Posted in Home Buyers by Becky LuDo
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Plan ahead when buying a home to save yourself time and stress.
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1/20/2021 | Posted in Mortgage Interest Rates by Becky LuDo
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In its latest policy announcement today, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5% percent and ... More

1/20/2021 | Posted in Mortgages and Real Estate by Becky LuDo
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Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan.
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1/19/2021 | Posted in Mortgages and Real Estate by Becky LuDo
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Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer.
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1/7/2021 | Posted in Mortgage Interest Rates by Becky LuDo
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The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast.
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1/5/2021 | Posted in Mortgages and Real Estate by Becky LuDo
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For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead.
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12/20/2020 | Posted in Mortgages and Real Estate by Becky LuDo
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It was a significant jump year-on-year
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12/11/2020 | Posted in Mortgage Interest Rates by Becky LuDo
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Bank says it could go lower than 0.25%, but remains deeply skeptical of negative interest rates
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12/9/2020 | Posted in Mortgage Interest Rates by Becky LuDo
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%.
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11/24/2020 | Posted in Mortgages and Real Estate by Becky LuDo
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Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada.
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11/23/2020 | Posted in Mortgage Interest Rates by Becky LuDo
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Several mortgage brokers are warning of a spike in rates once bond yields recover.
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11/10/2020 | Posted in Mortgage Interest Rates by Becky LuDo
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Jubilation over the good news about a vaccine has taken markets by storm. For borrowers, good news is often bad news.
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10/13/2020 | Posted in Mortgages and Real Estate by Becky LuDo
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Approximately 11% of Canadian borrowers have not returned to a regular payment schedule.
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10/8/2020 | Posted in Mortgages and Real Estate by Becky LuDo
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth.
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9/28/2020 | Posted in Home Buyers by Becky LuDo
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In light of the past six months of COVID-19-triggered uncertainty, home sales in Canada have been shockingly brisk as a combination of FOMO and low interest rates keep drawing ... More

9/25/2020 | Posted in Mortgages and Real Estate by Becky LuDo
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The largest share of new mortgages in Canada is still with the big banks, according to the Canada Mortgage and Housing Corporation.
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9/18/2020 | Posted in Mortgages and Real Estate by Becky LuDo
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A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end.
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9/10/2020 | Posted in Mortgages and Real Estate by Becky LuDo
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Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

9/9/2020 | Posted in Mortgages and Real Estate by Becky LuDo
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The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion
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7/28/2020 | Posted in Canadian Housing Market by Becky LuDo
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This fall, loan payments unemployed borrowers kicked down the road must start being repaid again, plus interest
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6/30/2020 | Posted in Mortgages and Real Estate by Becky LuDo
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While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available ... More

6/23/2020 | Posted in Mortgage Interest Rates by Becky LuDo
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week.
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6/12/2020 | Posted in Mortgage News by Becky LuDo
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Insurer says its current policies are sufficiently robust
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6/12/2020 | Posted in Mortgages and Real Estate by Becky LuDo
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Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1.
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6/3/2020 | Posted in Canadian Economy and Interest Rates by Becky LuDo
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The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

6/1/2020 | Posted in Canadian Economy and Interest Rates by Becky LuDo
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A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two.
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5/18/2020 | Posted in Financial Health by Becky LuDo
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Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the ... More


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