9/10/2020 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

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

Real Estate & Mortgage News

  6/30/2020 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

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

Real Estate & Mortgage News

  6/3/2020 | Posted in Canadian Economy and Interest Rates by Stephen Gale
  SHARE

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

Real Estate & Mortgage News

  5/12/2020 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

The coronavirus has plunged market activity into a deep freeze

... More

Real Estate & Mortgage News

  4/4/2020 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic ... More

Real Estate & Mortgage News

  3/31/2020 | Posted in Mortgage Interest Rates by Stephen Gale
  SHARE

Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.

... More

Real Estate & Mortgage News

  3/2/2020 | Posted in Canadian Economy and Interest Rates by Stephen Gale
  SHARE

Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark ... More

Real Estate & Mortgage News

  1/29/2020 | Posted in Mortgage Interest Rates by Stephen Gale
  SHARE

Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down

... More

Real Estate & Mortgage News

  1/22/2020 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

The current lending rules in Canada are geared towards shorter-mortgage terms

... More

Real Estate & Mortgage News

  1/17/2020 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics.

... More

Real Estate & Mortgage News

  11/22/2019 | Posted in Canadian Housing Market by Stephen Gale
  SHARE

Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ... More

Real Estate & Mortgage News

  10/21/2019 | Posted in Canadian Economy and Interest Rates by Stephen Gale
  SHARE

The cost of living was higher across many products and services in September.

... More

Real Estate & Mortgage News

  10/10/2019 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s ... More

Real Estate & Mortgage News

  9/19/2019 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.

... More

Real Estate & Mortgage News

  7/28/2019 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate.

... More

Real Estate & Mortgage News

  7/18/2019 | Posted in Mortgage Interest Rates by Stephen Gale
  SHARE

Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived.

... More

Real Estate & Mortgage News

  7/17/2019 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgage Interest Rates by Stephen Gale
  SHARE

Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast.

... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices.

... More

Real Estate & Mortgage News

  5/9/2019 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More

Real Estate & Mortgage News

  5/6/2019 | Posted in Canadian Economy and Interest Rates by Stephen Gale
  SHARE

Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason.

... More

Real Estate & Mortgage News

  3/15/2019 | Posted in Interest Rates by Stephen Gale
  SHARE

The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More

Real Estate & Mortgage News

  2/22/2019 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head.

... More

Real Estate & Mortgage News

  2/6/2019 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility ... More

Real Estate & Mortgage News

  2/5/2019 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

Residential mortgage growth rose 3.1 per cent to $1.55 trillion in December from a year earlier, the slowest pace since May 2001, and half the growth rate from two years ago, ... More

Real Estate & Mortgage News

  12/14/2018 | Posted in Mortgage Interest Rates by Stephen Gale
  SHARE

Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ... More

Real Estate & Mortgage News

  12/14/2018 | Posted in Mortgages and Real Estate by Stephen Gale
  SHARE

New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender

... More

Real Estate & Mortgage News

  12/6/2018 | Posted in Mortgage Interest Rates by Stephen Gale
  SHARE

If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed.

... More

Real Estate & Mortgage News
Ask Stephen  Gale

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.

Security Question: 1 + 2 =