Mortgage Rates
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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.ConsumerDec 23, 2024
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Hot Calgary real estate market has buyers getting creativeJustin Havre of eXp Realty says in this climate, buyers and sellers sometimes must make decisions very quickly.EconomyNov 21, 2023
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Stress test: 4 in 5 Canadian mortgage holders worried about payment hikesWith 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.EconomyOct 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."EconomyOct 2, 2023
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Ottawa making financing cheaper for more builders to spur rental constructionThe 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.CanadaSep 26, 2023
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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.CanadaSep 21, 2023
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‘Increasing demand’ for secondary units as homebuyers grapple with rate hikesCanada 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.CanadaJul 22, 2023
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Another rate hike may be looming and Canadians worry they can’t keep upIpsos 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.MoneyJul 11, 2023
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Struggling mortgage holders could see lenders waive fees under new guidelinesFederally regulated banks have a new set of expectations when it comes to offering relief to homeowners who are struggling with higher mortgage payments.MoneyJul 5, 2023
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Housing affordability in Canada just saw the biggest improvement in almost 4 yearsCanadian homeowners and prospective buyers saw a second consecutive quarter of improvement in housing affordability, but the market hasn't returned to pre-pandemic levels.MoneyJun 2, 2023
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