Mortgage Rates & Mortgage Broker News in Canada - Home Page
WEBMortgage rule changes will help spark demand, but supply challenges persist: experts. Experts say Ottawa's changes to mortgage rules could help spur demand among potential homebuyers, but supply challenges are likely to persist in Canada's real estate sector despite lofty goals to build new housing. September 16, 2024.
2024 housing market and interest rate forecasts
WEBDec 27, 2023 · 2024 aggregate house price forecast by Q4: $843,684 (+5% year-over-year) Commentary: “We see 2024 as an important tipping point for the national economy as the majority of Canadians acknowledge that the ultra-low interest rate era is dead and gone,” said Phil Soper, President and CEO, Royal LePage.
CMHC-Backed Report Calls for Annual Surtax on Homes Valued at …
WEBJan 5, 2022 · Task Statistics Canada with reviewing the “owned accommodation” component of its Consumer Price Index (CPI) calculation, and report annually on the influence of monetary policy on the growing gap between home prices and earnings.. The review would require developing a “supplementary measure of housing affordability to capture changes to average home values relative to typical earnings ...
Meet Bloom, Canada’s Newest Reverse Mortgage Provider
WEBSep 22, 2021 · “Canadians over 55 have more than $1 trillion of wealth built up in their homes, but many are retiring without enough savings to maintain their standard of living throughout their full retirement,” said Bloom founder Ben McCabe.
The Latest in Mortgage News: Time to Rethink the Stress Test
WEBApr 18, 2019 · The Canada Mortgage and Housing Corporation (CMHC) announced its first-quarter dividend payment to the Government of Canada in the amount of $505 million. In 2018, CMHC declared a total of $4.175 billion in dividends for the whole year. CMHC makes regular and special dividend payments to its shareholder, the government, with the largest sum paid to date being a $4-billion special payment made ...
Fixed mortgage rates are falling. Experts explain why and weigh in …
WEBJun 9, 2024 · Mortgage broker and rate analyst Ryan Sims told CMT the rate drops are due to last week’s Bank of Canada rate cut, as well as the rise in bank mortgage default rates and weakening economic data, including slower-than-expected GDP growth and easing inflation. “Also, let’s keep in mind that 5-year fixed rates—even after this recent slide—are still about 20 bps higher than where we were ...
Subscribe to Canadian Mortgage Trends - Mortgage Rates
WEBYou can change your subscription preferences or unsubscribe from our mailing list at any time. Canadian Mortgage Trends. 401-2005 Sheppard Avenue East. Toronto, ON M2J 5B4. Email: [email protected].
Year in Review - Mortgage Rates & Mortgage Broker News in …
WEBJan 5, 2021 · As of November, the Canadian Real Estate Association reported an average sale price of $603,000 (up 13.8% from 2020), or $481,000 (+19%) after removing the high-priced markets of Toronto and Vancouver. With housing supply ending the year at a record low, prices are expected to maintain upward momentum, albeit at …
Three big banks just slashed fixed mortgage rates: "Great news" …
WEBJun 18, 2024 · As we reported last week, lenders had already started trimming rates in the wake of a nearly 40-basis-point drop in bond yields, which typically lead fixed mortgage rate pricing.. While none of the big banks made any major rate moves at that time, this week saw BMO, CIBC and RBC all deliver widespread rate reductions to their posted special rates across all mortgage terms.
Interest rates expected to fall to 3.00% by end of 2024
WEBApr 28, 2023 · The findings were released in the Bank of Canada’s first-quarter Market Participants Survey, which surveyed 30 financial market participants between March 9 and 23, 2023.. A median of responses expects the Bank of Canada to maintain its policy rate at 4.50% for the remainder of 2023 before it begins to cut rates in 2024.