Getting the lowest mortgage rates in a high interest rate world
Canadian Mortgage Trends
by The Canadian Press
16h ago
Mortgage shopping isn’t getting much easier these days. The highly anticipated interest rate cuts so many have been banking on this year keep getting pushed back, while borrowers lost an aggressive rate advertiser after HSBC Canada was taken over by RBC ..read more
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Fixed mortgage rates are rising. What’s the deal?
Canadian Mortgage Trends
by Steve Huebl
1d ago
As variable-rate mortgage holders eagerly anticipate the Bank of Canada's first rate cut, fixed rates are heading in the other direction: up ..read more
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FSRA strips licences of 29 Ontario mortgage brokerages
Canadian Mortgage Trends
by Brennan Doherty
2d ago
FSRA has revoked the licences of 29 brokers who did not appoint a principal broker, failed to file their 2021 Annual Information Return, or failed to do both ..read more
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Budget 2024 housing highlights: capital gains inclusion rate on secondary homes rises to 66.7%
Canadian Mortgage Trends
by Steve Huebl
2d ago
Housing was a key priority in today's federal budget, though it came as no surprise given the array of housing-related policy announcements unveiled in recent weeks ..read more
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In federal budget, Ottawa looks to Canada Post land for building housing supply
Canadian Mortgage Trends
by The Canadian Press
2d ago
The federal government is eyeing underutilized Canada Post and National Defence properties as a way to deliver affordability and supply to the country's housing market ..read more
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Housing starts down seven per cent in March from February: CMHC
Canadian Mortgage Trends
by Steve Huebl
2d ago
Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February ..read more
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Asking rent prices in March up 8.8% from year ago, but down from February: Urbanation
Canadian Mortgage Trends
by The Canadian Press
2d ago
A new report says the asking rent for a home in Canada in March was up 8.8% compared with a year ago, but down from February ..read more
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Home Trust’s merger with Fairstone Bank: what it means for customers and brokers
Canadian Mortgage Trends
by Jared Lindzon
4d ago
Alternative mortgage provider Home Trust has entered into a merger agreement with unsecured lender Fairstone Bank, but what effect the deal has on customers and brokers remains unknown ..read more
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Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud
Canadian Mortgage Trends
by Steve Huebl
6d ago
The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency ..read more
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Home prices expected to climb 4.9% in 2024 as sales rise last month: CREA
Canadian Mortgage Trends
by The Canadian Press
6d ago
The Canadian Real Estate Association says it's now expecting the national average home price to climb 4.9% on an annual basis to $710,468, more than double the hike it had predicted at the start of 2024 ..read more
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