mortgage interest costs News and Articles | My Blog
OSFI announces new stress test for uninsured mortgages
4/16/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
Canadian regulator cracks down on high-debt mortgages to protect borrowers
... MoreRise in bond yields could send fixed mortgage rates higher, experts say
1/18/2024 | Posted in Mortgage Interest Rates by Paul DeAdder
This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say.
... MoreBank of Canada likely to begin cutting rates in mid-2024: CIBC's Tal
10/18/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The overnight rate could settle around 3%, according to leading economist
... MoreHomeowners brace for mortgage payment shock amid higher-for-longer rate outlook
10/2/2023 | Posted in Home Owners by Paul DeAdder
With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain ... More
Canadian housing costs have hit 30-year high, StatCan data shows
9/19/2023 | Posted in Canada Living by Paul DeAdder
Canadians are paying more for housing as of August 2023 than in the past three decades, Statistics Canada data shows.
... MoreSustained low interest rates no longer possible, says former BoC governor
9/4/2023 | Posted in Interest Rates by Paul DeAdder
This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025
... MoreExpect interest rates to remain high until 2025: former BoC governor
8/2/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
A prolonged period of heightened interest rates will be critical to Canada’s central bank reaching its inflation target, a former Bank of Canada Governor said.
... MoreWhat impact might OSFI's new proposals have on borrowing costs?
7/26/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise.
... MoreRising mortgage interest costs now biggest factor driving inflation - and they're not done yet
6/28/2023 | Posted in Canada Living by Paul DeAdder
Inflation cooled on a month-over-month basis in May, but one factor that has been unrelenting in driving the consumer price index higher is mortgage interest costs — and ... More
