Blog | Coldwell Banker Integrity Real Estate

Lenders - including some big banks -are hiking fixed mortgage rates again

5/29/2023 | Posted in Interest Rates by Coldwell Banker Integrity Real Estate
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The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. ... More

Fixed Rate Mortgages, Home Buyers, Mortgage Consumers, Mortgage Rates Canada, Mortgage Trends, Variable Rate Mortgages

Mortgage rates are rising in Canada despite virus-relief cuts

3/31/2020 | Posted in Mortgage Interest Rates by Coldwell Banker Integrity Real Estate
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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

Home Buyers, Mortgage Consumers, Mortgage Rates Canada, Mortgage Trends

Big Six banks to allow 6-month mortgage payment deferral

3/18/2020 | Posted in Mortgage News by Coldwell Banker Integrity Real Estate
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Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers. ... More

Big Six, Home Buyers, Mortgage Consumers

OSFI considering new benchmark rate for uninsured mortgages

2/19/2020 | Posted in Mortgages and Real Estate by Coldwell Banker Integrity Real Estate
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ... More

Bank of Canada Benchmark Rate, First Time Home Buyers, Home Buyers, Mortgage Consumers, Uninsured Mortgages

Drive until you qualify

2/10/2020 | Posted in GTA Real Estate by Coldwell Banker Integrity Real Estate
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ... More

First Time Home Buyers, Home Buyers, Mortgage Consumers, Mortgages & Real Estate, Stress Test

Five Things Every New Condo Buyer Should Know

1/3/2020 | Posted in Home Buyers by Coldwell Banker Integrity Real Estate
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Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer. ... More

Condo Living, Condo Owners, Home Buyers, New Condos

Owning a home is a pipedream for many Canadian millennials

12/13/2019 | Posted in Home Buyers by Coldwell Banker Integrity Real Estate
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Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey. ... More

Canadian Real Estate Market Outlook, First Time Home Buyers, Home Buyers, Home Ownership, Millenials

Canada is a nation of movers

11/25/2019 | Posted in Canadian Housing Market by Coldwell Banker Integrity Real Estate
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Canadians are satisfied with their homes and neighbourhoods but will probably not stay put according to a new survey. ... More

Home Buyers, Rental Market, Statistics Canada

More Fed cuts expected to push Canadian interest rates lower

9/19/2019 | Posted in Mortgages and Real Estate by Coldwell Banker Integrity Real Estate
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ... More

Canadian Mortgage Market, Home Buyers, Interest Rates, Mortgage Consumers, Mortgage Rates Canada, Mortgage Trends, Mortgages & Real Estate

Canadian mortgage borrowers have a 'rare opportunity'

9/6/2019 | Posted in Mortgages and Real Estate by Coldwell Banker Integrity Real Estate
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ... More

Canada Real Estate, Home Buyers, Mortgage Consumers, Mortgage Market, Mortgage Rates, Mortgage Rates Canada, Mortgage Refinancing, Mortgage Renewals, Mortgages & Real Estate, Variable Rate Mortgages

Soaring House Prices Could Return As Interest Rates Head To Zero: BMO

8/10/2019 | Posted in Mortgages and Real Estate by Coldwell Banker Integrity Real Estate
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The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes. ... More

Canada Real Estate, Canadian Home Sales, Canadian Housing Market, Canadian Mortgage Market, Condo Prices Toronto, Home Buyers, Home Prices, House Prices, Toronto Real Estate Prices

With fixed rates below variable ones, mortgage market is in the Upside Down

7/28/2019 | Posted in Mortgages and Real Estate by Coldwell Banker Integrity Real Estate
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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

Canadian Mortgage Market, Fixed Rate Mortgages, Home Buyers, Mortgage Consumers, Mortgage Market, Mortgage Rates, Mortgage Rates Canada, Mortgage Trends, Mortgages & Real Estate, Variable Rate Mortgages

Central bank qualifying rate used in mortgage stress tests falls

7/21/2019 | Posted in Mortgages and Real Estate by Coldwell Banker Integrity Real Estate
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years. ... More

Bank of Canada, Canada Mortgage and Housing Corporation, CMHC, Home Buyers, Stress Test

OREA calls for relaxed mortgage rules

7/18/2019 | Posted in Mortgages and Real Estate by Coldwell Banker Integrity Real Estate
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The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp. ... More

Canadian Housing Market, CMHC, Home Buyers, Mortgages & Real Estate, OREA, Stress Test

Alternative lenders increase share of slowing Canadian mortgage market: CMHC

7/17/2019 | Posted in Mortgages and Real Estate by Coldwell Banker Integrity Real Estate
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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 government ... More

Alternative Lenders, Canadian Mortgage Market, CMHC, Home Buyers, Mortgage Consumers, Mortgage Industry, Mortgage Market, Mortgage Trends, Mortgages & Real Estate, Private Lenders

Bank of Canada to cut rates in October, then twice more

7/3/2019 | Posted in Canadian Economy and Interest Rates by Coldwell Banker Integrity Real Estate
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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Home Buyers, Interest Rates, Mortgage Rates Canada

Mortgage market suffers 'extended chill' says Equifax

6/17/2019 | Posted in Mortgages and Real Estate by Coldwell Banker Integrity Real Estate
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The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ... More

Fixed Rate Mortgages, Home Buyers, Mortgage Consumers, Mortgage Delinquency, Mortgage Industry, Mortgage Market, Mortgage Rates Canada, Mortgage Refinancing, Mortgage Renewals, Mortgage Trends, Mortgages & Real Estate, NonMortgage Debt, Reverse Mortgages, Second Mortgages, Stress Test, Uninsured Mortgages, Variable Rate Mortgages

Price growth expectations and financial risk: top influences for homebuyers

6/13/2019 | Posted in Home Buyers by Coldwell Banker Integrity Real Estate
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Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More

Canada Mortgage and Housing Corporation, Canada Real Estate, Canadian Real Estate Market Outlook, CMHC, First Time Home Buyers, Home Buyers, Move Up Home Buyers

More mortgage rate cuts could be coming for Canadian homebuyers

6/11/2019 | Posted in Mortgage Interest Rates by Coldwell Banker Integrity Real Estate
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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

Condo Buyers, Fixed Rate Mortgages, Home Buyers, Mortgage Consumers, Mortgage Market, Mortgage Rates, Mortgage Rates Canada, Mortgage Renewals, Mortgage Trends, Mortgages & Real Estate, Variable Rate Mortgages

Regulator defends mortgage stress test in face of pushback from industry

6/11/2019 | Posted in Mortgages and Real Estate by Coldwell Banker Integrity Real Estate
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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

Canadian Housing Market, Canadian Real Estate Market Outlook, Home Buyers, Housing Affordability, Mortgage Consumers, Mortgage Delinquency, Mortgage Trends, Mortgages & Real Estate, OSFI, Stress Test

Canadian mortgage rates falling to their lowest level in 2 years

6/7/2019 | Posted in Interest Rates by Coldwell Banker Integrity Real Estate
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Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for borrowers. ... More

Canada, First Time Home Buyers, Fixed Rate Mortgages, Home Buyers, Mortgage Consumers, Mortgage Rates Canada, Mortgage Refinancing, Mortgages & Real Estate, Variable Rate Mortgages

Where to buy real estate in 2019: The Best Deals in Metro Toronto

6/6/2019 | Posted in Toronto Real Estate by Coldwell Banker Integrity Real Estate
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Due to strong economic fundamentals Toronto’s housing market remains expensive. That’s one reason why this year’s list is dominated by neighbourhoods once ... More

Home Buyers, Housing Affordability, Metro Toronto, Toronto, Toronto Housing, Toronto Living, Toronto Real Estate, Toronto Residential

IMF urges Canada not to change policy despite calls to ease mortgage stress test

5/22/2019 | Posted in Canadian Economy and Housing Market by Coldwell Banker Integrity Real Estate
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Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ... More

Canada Real Estate, Canadian Housing Market, Canadian Real Estate Market Outlook, Economic Growth, Home Buyers, IMF, Mortgages & Real Estate, Stress Test

Andrew Scheer Says He Wants To Scale Back Canada's Mortgage Stress Test

5/17/2019 | Posted in Home Buyers by Coldwell Banker Integrity Real Estate
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The Conservative Party leader says he's "absolutely committed" to reviewing the rule. ... More

Canada Real Estate, Canadian Housing Market, Canadian Real Estate Market Outlook, First Time Home Buyers, Home Buyers, Housing Affordability, Stress Test

Housing demand is stronger than we're told: CIBC

5/15/2019 | Posted in Home Buyers by Coldwell Banker Integrity Real Estate
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Canada needs to be building more homes to meet demand which is greater than official figures suggest. ... More

Canadian Housing Market, Condo Buyers, First Time Home Buyers, Home Buyers, Housing Demand

Transit is increasingly a deal-breaker for Canadian homebuyers

5/7/2019 | Posted in Home Buyers by Coldwell Banker Integrity Real Estate
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Young families in particular want strong transit links, short commute ... More

GO Transit, Home Buyers, Subway Infrastructure, Transit Infrastructure

Fixed or Variable Rate?

5/6/2019 | Posted in Canadian Economy and Interest Rates by Coldwell Banker Integrity Real Estate
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ... More

Fixed Rate Mortgages, Home Buyers, Interest Rates, Mortgage Consumers, Mortgage Market, Mortgage Rates, Mortgage Rates Canada, Mortgage Refinancing, Mortgage Trends, Mortgages & Real Estate

Scrapping Mortgage Rules Would Boost Canadian Home Prices, TD Says

5/1/2019 | Posted in Mortgages and Real Estate by Coldwell Banker Integrity Real Estate
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The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than expected, ... More

Canada Real Estate, Canadian Housing Market, Canadian Real Estate Market Outlook, Home Buyers, Home Prices, Housing Affordability, Stress Test

Immigration volume will fuel further housing demand

4/30/2019 | Posted in Canadian Housing Market by Coldwell Banker Integrity Real Estate
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For the foreseeable future, immigration will continue stoking the need for housing in Canada’s largest cities, according to RBC Economic Research. ... More

Canadian Housing Market, Canadian Real Estate Market Outlook, Foreign Buyers, Home Buyers, Housing Demand, Housing Supply, Immigration

Self-employed increasingly turning to private lenders for mortgages

4/25/2019 | Posted in Mortgages and Real Estate by Coldwell Banker Integrity Real Estate
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The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage. ... More

Canada, Home Buyers, Mortgage Consumers, Mortgages & Real Estate, Private Lenders, Self Employed

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