Mortgage Rates

• 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
  
• ‘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
  
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• 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
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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
• 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
• ‘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
• 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
• High mortgage costs will ‘strain’ budgets. But is the Bank of Canada worried?

  Canadians will continue to feel the pain of higher interest rates on their mortgages this year, the Bank of Canada warned as it reaffirmed its rate hold on Wednesday.

  Money

  Apr 12
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• Here’s how interest rates could affect Canada’s housing market in 2023

  The Canadian housing market is primed for a rebound in late 2023 — assuming market watchers' expectations for interest rate cuts come to fruition, according to a Desjardins report.

  Money

  Feb 9
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• Saskatoon’s 2023 housing market likely to buck national trend due to short supply

  Ashley Turner with Century 21 said the number of houses for sale in Saskatoon is low, and listings under $500,000 are few, making affordable inventory hard to find.

  Canada

  Jan 4