4/8/2021 | Posted in Home Buyers by Sarah Morrison
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Canada's financial regulator, which has been planning changes in its four-year-old mortgage stress test, on Thursday proposed making it tighter, following concerns that the ... More

4/8/2021 | Posted in Home Buyers by Sarah Morrison
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Canada’s top banking watchdog is about to take another stab at overhauling its stress test on residential mortgages.
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4/8/2021 | Posted in Home Buyers by Sarah Morrison
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One in five Canadians are hoping for a significant fall in housing prices, a sign of the mounting frustration felt by many people looking to get into the country's hot ... More

3/17/2021 | Posted in Mortgages and Real Estate by Sarah Morrison
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Non-bank lenders have seen the rate of arrears on insured mortgages go roughly 50% higher than their uninsured counterparts, according to data from Statistics Canada.
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3/10/2021 | Posted in Canadian Economy and Interest Rates by Sarah Morrison
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus ... More

3/7/2021 | Posted in Home Buyers by Sarah Morrison
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Amid a hot housing market in major Canadian cities that has pushed ownership further out of reach for young first-time prospective home buyers, there are increasing calls for ... More

3/1/2021 | Posted in Mortgages and Real Estate by Sarah Morrison
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CIBC Deputy Chief Economist Benjamin Tal said many Canadians aren’t prepared for a shock to their mortgage rates as a result of volatility in the bond market.
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2/26/2021 | Posted in Home Owners by Sarah Morrison
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Nearly half of Canadians aged 25 to 35 own their home; one quarter of these homeowners have purchased a property since the onset of the COVID-19 pandemic, while 52% say remote ... More

2/24/2021 | Posted in Canadian Housing Market by Sarah Morrison
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Canada's top central banker said Tuesday that the economy would continue to need monetary stimulus, likely until 2023, even though there are already signs it could be ... More

2/14/2021 | Posted in Home Buyers by Sarah Morrison
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The share of renters who are planning to buy has quadrupled, and what they want to buy is changing.
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2/12/2021 | Posted in Home Buyers by Sarah Morrison
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Immigration to Canada fell to the lowest level since 1998.
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2/4/2021 | Posted in Home Buyers by Sarah Morrison
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Got 34 years to save up for a house? The threshold every buyer has to meet to own a home ― the minimum down payment ― has reached Canada’s highest level on ... More

2/2/2021 | Posted in Canadian Housing Market by Sarah Morrison
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Despite quickly rising home prices and the uncertainty unleashed by the COVID-19 pandemic, a majority (80%) of Canadians still believe home ownership is a good investment.
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2/2/2021 | Posted in Mortgage Interest Rates by Sarah Morrison
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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 Sarah Morrison
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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 Sarah Morrison
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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 Mortgages and Real Estate by Sarah Morrison
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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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1/11/2021 | Posted in Canadian Housing Market by Sarah Morrison
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Affordability and space limitations continue to impact purchase decisions as only 14% of Canadians polled would consider buying a home in a major metropolitan area.
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12/21/2020 | Posted in GTA Real Estate by Sarah Morrison
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People ditched their condos, there was an exodus to the suburbs and an uptick in home renovations
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10/3/2020 | Posted in GTA Real Estate by Sarah Morrison
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There is an alarming trend that is quite rampant in the Toronto area, and it’s causing havoc on real estate transactions. Perhaps other cities in Canada are experiencing ... More

9/28/2020 | Posted in Home Buyers by Sarah Morrison
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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

9/22/2020 | Posted in New Developments by Sarah Morrison
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Shortages for lumber and other building materials are driving up construction costs this year.
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9/18/2020 | Posted in Home Buyers by Sarah Morrison
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Record-low interest rates appear to be a major factor.
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8/12/2020 | Posted in Canadian Economy and Housing Market by Sarah Morrison
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The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More

8/10/2020 | Posted in Mortgage News by Sarah Morrison
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Effective this week, it gets a little easier to buy a house or refinance.
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7/13/2020 | Posted in Mortgages and Real Estate by Sarah Morrison
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Renewal and refinance activity has spiked since lockdowns were lifted according to a recent report.
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7/9/2020 | Posted in Canadian Housing Market Predictions by Sarah Morrison
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Strong June home sales data from Toronto and Vancouver finally gave wary homebuyers and industry professionals the dose of good news that they’d sorely needed.
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6/30/2020 | Posted in Mortgages and Real Estate by Sarah Morrison
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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 Sarah Morrison
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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 Mortgages and Real Estate by Sarah Morrison
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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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