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Scarborough, Toronto, Ajax, Pickering, Durham, Brampton, Mississauga, York Region and the GTA | Re/Max Community Realty Inc., Brokerage

Mortgage News / My Blog

Refinancing is driver of new loans growth: CMHC

8/9/2017 | Posted in Mortgage News by Shan Thayaparan

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The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 ...

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Proposed mortgage rules aim to reduce financial risk in Canada's hot housing markets

7/7/2017 | Posted in Mortgage News by Shan Thayaparan

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New rules proposed by the federal government to curb financial risks associated with the country's hot housing markets could make it more difficult to secure a ...

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Canada's central bank acts to defuse housing market threat

6/15/2017 | Posted in Mortgage News by Shan Thayaparan

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Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least ...

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Ontario moves to toughen oversight of syndicated mortgage investments

4/28/2017 | Posted in Mortgage News by Shan Thayaparan

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The Ontario government will shift regulation of syndicated mortgage investment products to the Ontario Securities Commission in a move to toughen oversight of a rapidly growing ...

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Lending market to slow down noticeably in the next few years: CIBC

2/17/2017 | Posted in Mortgage News by Shan Thayaparan

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The Canadian lending market will enter a period of relative cooling in the next few years as far-reaching changes to mortgage rules finally begin to make themselves felt, ...

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Bank of Canada maintains overnight rate target at 1/2 per cent

12/7/2016 | Posted in Mortgage News by Shan Thayaparan

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The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as economic conditions move along largely in line with its expectations.

...

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CMHC passes stress test extreme scenarios

11/17/2016 | Posted in Mortgage News by Shan Thayaparan

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Canada Mortgage and Housing Corp. says its stress testing shows it will be able to withstand even the most extreme economic scenarios.

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Mortgage insurance premiums set to rise

11/14/2016 | Posted in Mortgage News by Shan Thayaparan

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Homeowners could be facing mortgage insurance price increases next year according to the boss of Canada’s largest private mortgage insurer.

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Non-banks "crippled" by new mortgage rules says broker

10/11/2016 | Posted in Mortgage News by Shan Thayaparan

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The new mortgage rules being introduced by Ottawa next week are already having a “crippling” impact on non-bank mortgage lenders according to online broker Butler ...

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New rules will cool down mortgage market, not home prices

10/7/2016 | Posted in Mortgage News by Shan Thayaparan

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The dynamism of the Canadian mortgage market itself might be at risk due to the tighter regulations announced by Finance Minister Bill Morneau earlier this week, an observer ...

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Genworth: One-third of mortgage consumers at risk due to new measures

10/7/2016 | Posted in Mortgage News by Shan Thayaparan

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Fully one-third of consumers would encounter difficulties in meeting the new debt service ratios as outlined by the tightened mortgage measures introduced by Finance Minister ...

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Getting a mortgage at two major Canadian banks just got harder for some new Canadians

9/27/2016 | Posted in Mortgage News by Shan Thayaparan

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Two major Canadian banks have closed a loophole that allowed new Canadians here for less than five years to bypass income verification when purchasing a home.

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1 million Canadians would struggle with interest rate rise: TransUnion

9/14/2016 | Posted in Mortgage News by Shan Thayaparan

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Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise.

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Canada regulator sets out stricter mortgage rules for banks

9/12/2016 | Posted in Mortgage News by Shan Thayaparan

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Canada’s financial regulator released proposed new mortgage rules that could see the country’s lenders hold more capital to offset risks.

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Ottawa reconsiders 'risk sharing' by mortgage lenders

8/16/2016 | Posted in Mortgage News by Shan Thayaparan

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The federal government may require banks and other mortgage lenders to pay a deductible to protect taxpayers from risky hot housing markets.

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Bank of Canada maintains overnight rate target at 1/2 per cent

7/13/2016 | Posted in Mortgage News by Shan Thayaparan

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he Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the ...

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30 years becoming norm for paying down mortgage

6/28/2016 | Posted in Mortgage News by Shan Thayaparan

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Rising house prices are increasing demand for mortgages with 30 year amortizations as buyers choose – or are forced by the cost – to spread their home loan over ...

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CMHC considers deductible for mortgage claims

3/16/2016 | Posted in Mortgage News by Shan Thayaparan

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Mortgage lenders may have to pay a deductible to the CMHC for any claims made on loans the agency insures.

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Canada's consumers owe $1.8 trillion as mortgages soar

11/6/2015 | Posted in Mortgage News by Shan Thayaparan

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New figures from one of Canada’s largest banks and mortgage lenders shows the continuing growth of household debt. RBC’s report reveals that total consumer debt is ...

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