Mortgage Rates

• New U.S. home sales have rebounded, but will the jump last?

  The average 30-year fixed-rate mortgage rose to 6.72 per cent last week after falling to 6.60 per cent in the prior week, mortgage finance agency Freddie Mac data showed.

  Consumer

  17 mins
  
• Hot Calgary real estate market has buyers getting creative

  Justin Havre of eXp Realty says in this climate, buyers and sellers sometimes must make decisions very quickly.

  Economy

  Nov 21, 2023
  
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• 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
• Ottawa making financing cheaper for more builders to spur rental construction

  The effort to offer cheaper mortgage rates to more builders comes as construction costs have ballooned in recent years amid expensive materials and rising interest rates.

  Canada

  Sep 26, 2023
• Variable mortgages cost Canadians tens of thousands amid high rates. Is the risk worth it?

  The 10 rate hikes in the past year-and-a-half have left many Canadians feeling squeeze, but those with variable rate mortgages have perhaps felt the biggest pinch.

  Canada

  Sep 21, 2023
• ‘Increasing demand’ for secondary units as homebuyers grapple with rate hikes

  Canada has recently seen a ramp up in construction of secondary suites, like basement apartments and laneway homes. There is growing appeal to buy them, real estate experts say.

  Canada

  Jul 22, 2023
• Another rate hike may be looming and Canadians worry they can’t keep up

  Ipsos polling shows 71 per cent of Canadians are worried they can't keep up with the pace of rising interest rates as debt-servicing costs mount.

  Money

  Jul 11, 2023
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• Struggling mortgage holders could see lenders waive fees under new guidelines

  Federally regulated banks have a new set of expectations when it comes to offering relief to homeowners who are struggling with higher mortgage payments.

  Money

  Jul 5, 2023
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• Housing affordability in Canada just saw the biggest improvement in almost 4 years

  Canadian homeowners and prospective buyers saw a second consecutive quarter of improvement in housing affordability, but the market hasn't returned to pre-pandemic levels.

  Money

  Jun 2, 2023