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Paul DeAdder | Real Estate Sales Representative Serving 
Halifax & Surrounding Area | Sutton City Realty Inc., Brokerage

mortgage renewals News and Articles | My Blog

Homeowners won't face mortgage stress test if renewing with new lender: OSFI

9/26/2024 | Posted in Home Owners by Paul DeAdder

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Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress ... More


Preparing for your mortgage renewal: Tips to ease the stress of higher payments

8/13/2024 | Posted in Mortgage Advice by Paul DeAdder

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Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling stressed as they prepare for higher payments amid persistently elevated ... More


Bank Regulator in Canada Warns of Housing-Payment Shock by 2026

5/22/2024 | Posted in Mortgages and Real Estate by Paul DeAdder

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Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans ... More


Mortgage deselection: Can your lender choose not to renew your mortgage?

12/11/2023 | Posted in Mortgages and Real Estate by Paul DeAdder

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In its third-quarter earnings call, Scotiabank said it was undertaking a strategy of “customer deselection at renewal” as part of its efforts to slow its mortgage ... More


Mortgage market risks rising in high-rate environment: CMHC

11/15/2023 | Posted in Mortgages and Real Estate by Paul DeAdder

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Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon

... More


Upcoming mortgage renewals part of why BoC held rate at 5 per cent: Macklem

11/1/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is ... More


Most Canadian mortgage holders facing big payment shock: RBC

10/31/2023 | Posted in Mortgages and Real Estate by Paul DeAdder

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Canadian homeowners are facing a significant payment shock on their mortgages unless interest rates decline in the coming years, according to a new Royal Bank of Canada (RBC) ... More


OSFI seeing a deterioration in credit quality, says borrowers to face challenges at renewal

10/12/2023 | Posted in Home Owners by Paul DeAdder

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Canada’s banking regulator says the sustained increases in interest rates over the past 18 months have challenged some borrowers’ ability to pay and led to a ... More


Mortgage renewals could cause severe downturn

10/7/2023 | Posted in Mortgages and Real Estate by Paul DeAdder

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Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated.

... More


Latest in mortgage news: Mortgage rates keep surging higher

9/29/2023 | Posted in Mortgage Interest Rates by Paul DeAdder

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Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise.

... More


Fixed rates back as top mortgage product of choice: National Bank

8/23/2023 | Posted in Mortgage Interest Rates by Paul DeAdder

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Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon.

... More


How risky is it to extend Canadian mortgage amortizations?

6/27/2023 | Posted in Mortgages and Real Estate by Paul DeAdder

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Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More


Interest rate shock won't hit fixed-rate mortgage borrowers until 2025, expert says

6/22/2023 | Posted in Mortgages and Real Estate by Paul DeAdder

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While the pain of elevated interest rates is already hitting those with variable-rate mortgages, the sticker shock of higher payments might not be felt for a couple years among ... More


The Bank of Canada's 'conditional pause' on interest rates may be over - so brace for another hike soon

6/6/2023 | Posted in Interest Rates by Paul DeAdder

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After hitting pause on rates, growing speculation the bank is ready to hike again

... More


Canadian mortgage borrowers have a 'rare opportunity'

9/6/2019 | Posted in Mortgages and Real Estate by Paul DeAdder

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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests.

... More


More mortgage rate cuts could be coming for Canadian homebuyers

6/11/2019 | Posted in Mortgage Interest Rates by Paul DeAdder

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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast.

... More


Big banks tighten grip on mortgage market after rule changes stifle competition

12/14/2018 | Posted in Mortgages and Real Estate by Paul DeAdder

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New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender

... More


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