11/23/2022 | Posted in Home Buyers by Crescendo Realty
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Variable-rate mortgage holders who have recently purchased their homes will be especially burdened by the prevailing rate-hike environment, according to Bank of Canada senior ... More

Real Estate & Mortgage News

  11/15/2022 | Posted in Home Buyers by Crescendo Realty
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Already a source of huge debate in the mortgage industry since its introduction, the mortgage stress test came under scrutiny from executives at top Canadian lenders during a ... More

Real Estate & Mortgage News

  10/7/2022 | Posted in Mortgage Interest Rates by Crescendo Realty
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Having already raised interest rates by 300 basis points this year, the Bank of Canada’s Tiff Macklem confirmed on Thursday that additional rate hikes (plural form) are ... More

Real Estate & Mortgage News

  10/4/2022 | Posted in Home Buyers by Crescendo Realty
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With high inflation and rising interest rates, a new survey has found nearly one in five Canadians say they're putting off buying a home. ... More

Real Estate & Mortgage News

  9/28/2022 | Posted in New Developments by Crescendo Realty
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Sales levels of condos and single-family homes were more than 80 per cent lower than last August, says the homebuilders’ association. ... More

Real Estate & Mortgage News

  9/14/2022 | Posted in Home Buyers by Crescendo Realty
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Despite today’s mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada’s banking regulator said no changes to the stress test are imminent. ... More

Real Estate & Mortgage News

  9/9/2022 | Posted in Home Buyers by Crescendo Realty
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Renewed calls to re-evaluate the stress test came in the wake of the Bank of Canada's latest outsized rate hike ... More

Real Estate & Mortgage News

  9/8/2022 | Posted in Home Buyers by Crescendo Realty
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In a country where the Big Six banks control 80 per cent mortgage market share, Canada’s smaller lenders are making some rare headway after the Bank of Canada’s sudden ... More

Real Estate & Mortgage News

  8/14/2022 | Posted in Home Buyers by Crescendo Realty
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Housing affordability deteriorated to its worst level in over 30 years, according to data from the Bank of Canada. ... More

Real Estate & Mortgage News

  8/12/2022 | Posted in First Time Home Buyers by Crescendo Realty
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Details of a new account to help Canadians save to buy their first home have been revealed this week. ... More

Real Estate & Mortgage News

  8/1/2022 | Posted in Home Buyers by Crescendo Realty
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Here is a list of expenses you will have with carrying a home. ... More

Real Estate & Mortgage News

  7/30/2022 | Posted in Canada Living by Crescendo Realty
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These circumstances create one of the greatest lifetime wealth-building opportunities for millennials and Gen Z. ... More

Real Estate & Mortgage News

  7/25/2022 | Posted in Toronto Real Estate by Crescendo Realty
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New data is revealing how much money Toronto residents need to make in order to afford to purchase a home in the city. ... More

Real Estate & Mortgage News

  6/14/2022 | Posted in Interest Rates by Crescendo Realty
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Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising. ... More

Real Estate & Mortgage News

  6/7/2022 | Posted in Canada Living by Crescendo Realty
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The first quarter marked the fifth consecutive deterioration in housing affordability, and the worst drop yet, according to National Bank of Canada. ... More

Real Estate & Mortgage News

  6/3/2022 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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One day after raising the key interest rate by 50 basis points to 1.5 per cent, the Bank of Canada is warning Canadians that rates could rise above previously targeted levels in ... More

Real Estate & Mortgage News

  6/1/2022 | Posted in Home Buyers by Crescendo Realty
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Many wonder if and how their credit score affects their ability to buy a house. ... More

Real Estate & Mortgage News

  5/30/2022 | Posted in First Time Home Buyers by Crescendo Realty
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Now that home prices have started to fall from their February peak, the federal government is reportedly planning to introduce limits on its First-Time Home Buyer Incentive ... More

Real Estate & Mortgage News

  5/19/2022 | Posted in Mortgage Interest Rates by Crescendo Realty
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The cost of living continued to increase in April, raising the odds that the Bank of Canada will respond forcefully with at least a 50-basis-point rate hike at its June meeting. ... More

Real Estate & Mortgage News

  5/9/2022 | Posted in Interest Rates by Crescendo Realty
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Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates. ... More

Real Estate & Mortgage News

  3/14/2020 | Posted in Ontario Real Estate by Crescendo Realty
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Condo developers in Ontario looking to sell units to millennials and first-time home buyers could be barking up the wrong tree, according to a new survey from OREA. ... More

Real Estate & Mortgage News

  2/24/2020 | Posted in First Time Home Buyers by Crescendo Realty
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Genworth Canada’s 2019 First-Time Homeownership Study provides a snapshot of the demographics of Canada’s first-time homebuyers (FTBs), what’s motivating them ... More

Real Estate & Mortgage News

  2/19/2020 | Posted in Mortgages and Real Estate by Crescendo Realty
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ... More

Real Estate & Mortgage News

  2/10/2020 | Posted in GTA Real Estate by Crescendo Realty
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ... More

Real Estate & Mortgage News

  1/27/2020 | Posted in Toronto Real Estate by Crescendo Realty
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Two city councillors are pushing for a rethink of Toronto's municipal land transfer tax rebate for first-time home buyers, suggesting the cap should be increased to match the ... More

Real Estate & Mortgage News

  12/13/2019 | Posted in Home Buyers by Crescendo Realty
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Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey. ... More

Real Estate & Mortgage News

  11/22/2019 | Posted in Canadian Housing Market by Crescendo Realty
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Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ... More

Real Estate & Mortgage News

  10/16/2019 | Posted in Canadian Housing Market by Crescendo Realty
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This demographic is likely to account for nearly 700,000 home sales over the next five years. ... More

Real Estate & Mortgage News

  9/16/2019 | Posted in Home Buyers by Crescendo Realty
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In an election announcement on Thursday, Liberal Party Leader Justin Trudeau promised to turbocharge the First-Time Home Buyer Incentive (FTHBI) for Canadians who live in ... More

Real Estate & Mortgage News

  6/18/2019 | Posted in First Time Home Buyers by Crescendo Realty
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While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem. ... More

Real Estate & Mortgage News