5/6/2021 | Posted in Home Buyers by Anthony (Tony) Barone
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Whether you’re starting your home search or you just bid on the place of your dreams, getting denied for a mortgage will stop you cold.

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Real Estate & Mortgage News

  5/1/2021 | Posted in Mortgage Advice by Anthony (Tony) Barone
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Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval.

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Real Estate & Mortgage News

  4/30/2021 | Posted in Home Buyers by Anthony (Tony) Barone
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Effective June 1, the federal mortgage stress test increases to 5.25 per cent, or about four times higher than what major lenders are actually charging

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Real Estate & Mortgage News

  4/20/2021 | Posted in First Time Home Buyers by Anthony (Tony) Barone
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The ongoing surge in home prices across the country is discouraging a large number of young non-homeowners, many of whom say they’re giving up on the dream of ... More

Real Estate & Mortgage News

  4/19/2021 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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The pace of mortgage borrowing continued to slow in February, according to data from Statistics Canada.

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Real Estate & Mortgage News

  4/11/2021 | Posted in Mortgage Interest Rates by Anthony (Tony) Barone
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With the lowest rates for five-year fixed mortgage products in Canada having risen last month for the first time since January 2020, speculation began to mount in the mortgage ... More

Real Estate & Mortgage News

  3/30/2021 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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The national mortgage debt balance hit a new record high of $1.65 trillion in Q4 2020, according to data from Statistics Canada.

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Real Estate & Mortgage News

  3/25/2021 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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As many as 14% of millennials said that they have not been entirely truthful on a previous credit or loan application, compared to the national average of 7%, according to a ... More

Real Estate & Mortgage News

  3/17/2021 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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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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Real Estate & Mortgage News

  3/11/2021 | Posted in Canadian Economy and Interest Rates by Anthony (Tony) Barone
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The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023.

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Real Estate & Mortgage News

  3/10/2021 | Posted in Canadian Economy and Interest Rates by Anthony (Tony) Barone
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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

Real Estate & Mortgage News

  3/8/2021 | Posted in Canadian Economy and Interest Rates by Anthony (Tony) Barone
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Investors see rising chances that the Bank of Canada would hike interest rates next year as the economic outlook improves, but the central bank is likely to push back against ... More

Real Estate & Mortgage News

  3/3/2021 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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Canadian mortgage rates are beginning to inch higher for the first time since before the COVID-19 crisis, reflecting the spike in long-term bond yields, but with home loans ... More

Real Estate & Mortgage News

  3/1/2021 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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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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Real Estate & Mortgage News

  2/25/2021 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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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

Real Estate & Mortgage News

  2/2/2021 | Posted in Mortgage Interest Rates by Anthony (Tony) Barone
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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

Real Estate & Mortgage News

  2/2/2021 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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Lenders "have never seen as many as they have now".

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Real Estate & Mortgage News

  1/27/2021 | Posted in Home Buyers by Anthony (Tony) Barone
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Plan ahead when buying a home to save yourself time and stress.

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Real Estate & Mortgage News

  1/20/2021 | Posted in Mortgage Interest Rates by Anthony (Tony) Barone
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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

Real Estate & Mortgage News

  1/20/2021 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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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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Real Estate & Mortgage News

  1/19/2021 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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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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Real Estate & Mortgage News

  1/7/2021 | Posted in Mortgage Interest Rates by Anthony (Tony) Barone
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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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Real Estate & Mortgage News

  1/5/2021 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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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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Real Estate & Mortgage News

  12/20/2020 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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It was a significant jump year-on-year

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Real Estate & Mortgage News

  12/11/2020 | Posted in Mortgage Interest Rates by Anthony (Tony) Barone
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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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Real Estate & Mortgage News

  12/9/2020 | Posted in Mortgage Interest Rates by Anthony (Tony) Barone
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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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Real Estate & Mortgage News

  11/24/2020 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada.

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Real Estate & Mortgage News

  11/23/2020 | Posted in Mortgage Interest Rates by Anthony (Tony) Barone
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Several mortgage brokers are warning of a spike in rates once bond yields recover.

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Real Estate & Mortgage News

  11/10/2020 | Posted in Mortgage Interest Rates by Anthony (Tony) Barone
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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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Real Estate & Mortgage News

  10/13/2020 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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Approximately 11% of Canadian borrowers have not returned to a regular payment schedule.

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Real Estate & Mortgage News
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