Mortgage

• Canada’s housing affordability sees significant ‘deterioration,’ report says

  The banking institution pointed to rising interest rates as part of the cause, and combined with a surge in home prices, the ability to afford a home is a difficult prospect.

  Economy

  Nov 1, 2023
  
• Stress test: 4 in 5 Canadian mortgage holders worried about payment hikes

  With the current rates, four-in-five homeowners with a mortgage said they are either worried, or very worried they will face higher payments upon renewal of their mortgage.

  Economy

  Oct 23, 2023
  
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• ‘Gutted’: Amid rising mortgage rates, B.C. couple sells home to go back to renting

  "With one in four mortgage renewals upcoming in the next two years, there's a modified strategy at renewal time that Canadians are going to be faced with."

  Economy

  Oct 2, 2023
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• Interest rates expected to stay higher for longer. What that means for your mortgage

  Borrowers with fixed rates are expected to see an average payment increase of between 14% and 25% next year compared with early 2022 costs, according to the Bank of Canada

  Consumer

  Oct 2, 2023
• B.C. mortgage calculator: A simple way to examine interest rate changes

  Global News has put together a mortgage calculator and some information and tips from Vancity so British Columbians can plan ahead and get the most out of their mortgage.

  Money

  Jul 12, 2023
• Man renting home impersonates owner, applies for mortgage, takes funds: Toronto police

  A man renting a home impersonated the owner, applied for a mortgage and then took the funds, Toronto police allege, and officers say the suspect may have committed similar crimes.

  Crime

  Jun 1, 2023
• ‘Very scary time’: Poll finds 76% of B.C. mortgage holders worried about next renewal

  Three-quarters of B.C. mortgage holders said they worried their next renewal could cost them more, with 35 per cent saying they were worried it would cost "significantly more."

  Money

  May 2, 2023
• Mortgages 101: What you need to know before looking for a home

  Global News's Home School series is back with an explainer on mortgages: what kinds there are, what goes into qualifying and the costs you might not know about.

  Money

  Apr 15, 2023
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• Rising Bank of Canada interest rates force difficult mortgage payments on Saskatchewan homes

  The central bank raised its policy rate to 4.5 per cent on Jan. 25, 2023, an increase of 25 basis points and the highest the Bank of Canada’s key rate has been since 2007.

  Canada

  Jan 25, 2023
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• Mortgage stress test remains unchanged. What that means amid higher interest rates

  The regulator in charge of Canada's mortgage stress test announced Thursday it will leave the qualifying standard where it is amid current high rates and economic uncertainty.

  Economy

  Dec 15, 2022