Housing affordability still strained despite improvements in 2024: report
National Bank of Canada said in its report that the third quarter of the year marked the third consecutive improvement in housing affordability. …
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Tag: mortgages
Bank of Canada official warns about dangers of ‘tinkering’ with mortgage rules
The Bank of Canada’s Carolyn Rogers says improving housing affordability ultimately requires reaching a balance between supply and demand, which she says will take time. …
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Mortgage delinquencies rising with Canadians in ‘fragile financial state’
Canadians continue to make payments on their mortgages, but there are signs of stress bubbling up on other credit products, which CMHC warns could continue to spread to home loans. …
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Shopping for mortgage rates? Keep an eye on the U.S. election
Movements south of the border could have more of an impact on the rates Canadian homeowners and would-be buyers can secure in the market than the Bank of Canada’s own rate cuts. …
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Breaking a mortgage can be costly as rates fall. How to lessen the penalty
With lower interest rates available in the mortgage market, some Canadians might be considering a move or refinance. Here’s what to know about penalties for breaking a mortgage. …
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Lower home prices and mortgage rates improved August affordability: report
Toronto led the way in affordability improvements for the second consecutive month as slow sales drove down home prices at the same time as mortgage rates declined. …
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Mortgage changes will give ‘extra incentive’ to build homes faster: Freeland
Finance Minister Chrystia Freeland clarified new downpayment rules for the larger insured mortgage cap on Tuesday, one of the proposals she claims will help improve affordability. …
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Why the U.S. Fed’s oversized rate cut matters to Canadians
Ripple effects from the U.S. Federal Reserve’s half-point rate cut on Wednesday are already being felt in Canada, according to experts. …
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Ottawa to expand 30-year amortizations, raise insured mortgage cap
Finance Minister Chrystia Freeland announced proposals Monday to expand the availability of 30-year amortizations and to raise the price cap for insured mortgages. …
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