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Canadian mortgage debt growth continues unabated

10/10/2019 | Posted in Mortgages and Real Estate by Vanguard Realty
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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 central ... More

Canadian Mortgage Market, Mortgage Consumers, Mortgage Market, Mortgage Rates Canada, Mortgage Trends, Mortgages & Real Estate, Statistics Canada

More Fed cuts expected to push Canadian interest rates lower

9/19/2019 | Posted in Mortgages and Real Estate by Vanguard Realty
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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 Vanguard Realty
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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

A Bank of Canada rate cut as early as September

8/20/2019 | Posted in Interest Rates by Vanguard Realty
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Canadian Debt, Household Debt, Mortgage Consumers, Mortgage Rates Canada, Variable Rate Mortgages

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

7/28/2019 | Posted in Mortgages and Real Estate by Vanguard Realty
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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

The era of higher mortgage rates was short-lived

7/18/2019 | Posted in Mortgage Interest Rates by Vanguard Realty
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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

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

Bank of Canada keeps key interest rate steady

7/10/2019 | Posted in Canadian Economy and Interest Rates by Vanguard Realty
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Consumers, Mortgage Rates Canada, Mortgages & Real Estate, Variable Rate Mortgages

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

7/3/2019 | Posted in Canadian Economy and Interest Rates by Vanguard Realty
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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 Vanguard Realty
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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

More mortgage rate cuts could be coming for Canadian homebuyers

6/11/2019 | Posted in Mortgage Interest Rates by Vanguard Realty
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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

Canadian mortgage rates falling to their lowest level in 2 years

6/7/2019 | Posted in Interest Rates by Vanguard Realty
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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

Interest rate cut now unlikely say economists

5/27/2019 | Posted in Interest Rates by Vanguard Realty
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Consumers, Mortgage Rates Canada, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

Fixed or Variable Rate?

5/6/2019 | Posted in Canadian Economy and Interest Rates by Vanguard Realty
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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

Bank of Canada's Poloz says stimulative rates needed for temporary soft patch

4/2/2019 | Posted in Canadian Economy and Interest Rates by Vanguard Realty
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Poloz's optimism Monday about the future could ease speculation the central bank could lower rates. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Canada Real Estate, Economic Growth, Household Debt, Mortgage Consumers, Mortgage Rates Canada, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

Mortgage delinquencies on the rise

3/6/2019 | Posted in Mortgages and Real Estate by Vanguard Realty
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More Canadians are running into serious issues with their mortgage payments according to a new report. ... More

Bankruptcy, Household Debt, Mortgage Consumers, Mortgage Delinquency, Mortgage Rates Canada, Mortgages & Real Estate, NonMortgage Debt

Rates Up, Prices Down, Stress Test Effects across Canada

2/27/2019 | Posted in Canadian Housing Market by Vanguard Realty
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Here's what it takes to buy an average-priced home in Canada's major cities — and how choosing a 30-year mortgage would change that. ... More

Canadian Home Sales, Canadian Housing Market, Canadian Real Estate Market Outlook, Mortgage Rates Canada, Mortgages & Real Estate, Stress Test

Deep freeze in housing market suggests mortgage rules have overshot their mark

2/22/2019 | Posted in Canadian Housing Market by Vanguard Realty
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While a decline in sales in January 2018 was expected, the decline this January was disturbing. ... More

Canadian Home Sales, Canadian Housing Market, Home Buyers, Mortgage Consumers, Mortgage Rates Canada, Mortgages & Real Estate, Real Estate Market, Real Estate News, Stress Test

Interest rates low enough to stimulate economy: BoC

2/22/2019 | Posted in Interest Rates by Vanguard Realty
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Stephen Poloz says the upward path for interest rates is 'uncertain'. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Canadian Housing Market, Economic Growth, Interest Rates, Mortgage Rates Canada

Just one interest rate rise in 2019: BCREA

12/14/2018 | Posted in Mortgage Interest Rates by Vanguard Realty
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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

Bank of Canada, Bank of Canada Benchmark Rate, Home Buyers, Mortgage Consumers, Mortgage Rates Canada, Mortgage Trends, Mortgages & Real Estate, Variable Rate Mortgages

What Does 2019 Have In Store For The Canadian Real Estate Market?

12/7/2018 | Posted in Ontario Real Estate by Vanguard Realty
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Stricter mortgage qualification rules pushed buyers to the sidelines, as year-over-year double-digit sales decreases became the norm. ... More

Canada Real Estate, Hamilton, Home Buyers, Home Sales Toronto, House Prices Toronto, Housing Correction Canada, Mortgage Rates Canada, Toronto Real Estate

The bond market is now sending a clear signal: Go with a variable-rate mortgage

12/6/2018 | Posted in Mortgage Interest Rates by Vanguard Realty
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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

Bank of Canada, Fixed Rate Mortgages, Mortgage Advice, Mortgage Consumers, Mortgage Market, Mortgage Rates, Mortgage Rates Canada, Mortgage Refinancing, Mortgage Tips, Mortgage Trends, Mortgages & Real Estate, Variable Rate Mortgages

Rate rises may be reshaped by oil production cuts says CIBC

12/4/2018 | Posted in Canadian Economy and Interest Rates by Vanguard Realty
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The Bank of Canada will announce its December interest rates decision Wednesday and few are expecting a Grinch-like pre-Christmas shock. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Economic Growth, Fixed Rate Mortgages, Interest Rates, Mortgage Rates Canada, Variable Rate Mortgages

No rate rise at least February suggests C.D. Howe Institute

11/30/2018 | Posted in Mortgage Interest Rates by Vanguard Realty
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The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Home Buyers, Mortgage Consumers, Mortgage Rates Canada, Mortgage Refinancing, Mortgage Trends, Mortgages & Real Estate, Variable Rate Mortgages

Mortgage renewals have entered a new era

11/6/2018 | Posted in Mortgages and Real Estate by Vanguard Realty
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More

Canada, Canada Real Estate, Fixed Rate Mortgages, Home Buyers, Home Owners, Mortgage Consumers, Mortgage Rates, Mortgage Rates Canada, Mortgage Trends, Mortgages & Real Estate

Canadians should get used to idea of 3% interest rates

10/31/2018 | Posted in Mortgages and Real Estate by Vanguard Realty
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Bank of Canada governor Stephen Poloz wants Canadians to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom ... More

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Rates Canada, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

Bank Of Canada Interest Rate Hikes Will Cost Canadian Households $2,500 A Year

10/30/2018 | Posted in Canadian Economy and Housing Market by Vanguard Realty
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Consumer spending is expected to slow as Canadians spend more on the interest on their debt. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Consumer Spending, Household Debt, Interest Rates, Mortgage Consumers, Mortgage Rates Canada, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

Bank of Canada raises interest rate to 1.75%

10/24/2018 | Posted in Mortgages and Real Estate by Vanguard Realty
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CIBC, TD, Royal Bank and BMO all hike their prime rates too ... More

Bank of Canada, Bank of Canada Benchmark Rate, Home Buyers, Household Debt, Interest Rates, Mortgage Rates Canada, NonMortgage Debt, Variable Rate Mortgages

Expect two rate rises in the next 3 months

10/5/2018 | Posted in Mortgage Interest Rates by Vanguard Realty
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Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC. ... More

Bank of Canada Benchmark Rate, Mortgage Consumers, Mortgage Market, Mortgage Rates, Mortgage Rates Canada, Mortgage Trends, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

Pace of interest rate hikes seen picking up with trade deal in hand

10/2/2018 | Posted in Mortgage Interest Rates by Vanguard Realty
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The new North American trade deal struck on Sunday may open the door for the Bank of Canada to pick up the pace of interest rates hikes, according to economists at some of the ... More

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Rates Canada, NonMortgage Debt, USMCA, Variable Rate Mortgages

Canadian borrowers will feel this week's U.S. interest rate hike

9/24/2018 | Posted in Mortgage Interest Rates by Vanguard Realty
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The world's biggest central bank is expected to raise rates this week - and then keep raising them ... More

Bank of Canada Benchmark Rate, Canada Real Estate, Home Buyers, Household Debt, Interest Rates, Mortgage Rates Canada, NonMortgage Debt, Variable Rate Mortgages

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