6/28/2022 | Posted in Interest Rates by Crescendo Realty
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Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike of 75 basis points at the Bank of Canada’s ... More

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  6/16/2022 | Posted in Interest Rates by Crescendo Realty
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Economists believe it's even more likely Macklem will have the confidence to increase the benchmark rate the same as U.S. bank authority. ... More

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  5/24/2022 | Posted in Mortgage Interest Rates by Crescendo Realty
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Notwithstanding some additional rate hikes last week, fixed mortgage rates have seemingly plateaued following a stellar run-up over the past several months. ... More

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  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

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  4/4/2020 | Posted in Mortgages and Real Estate by Crescendo Realty
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Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, ... More

Real Estate & Mortgage News

  3/31/2020 | Posted in Mortgage Interest Rates by Crescendo Realty
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic. ... More

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  3/2/2020 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark policy ... More

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  1/29/2020 | Posted in Mortgage Interest Rates by Crescendo Realty
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down ... More

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  1/22/2020 | Posted in Mortgages and Real Estate by Crescendo Realty
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The current lending rules in Canada are geared towards shorter-mortgage terms ... More

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  1/17/2020 | Posted in Mortgages and Real Estate by Crescendo Realty
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... 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

  10/21/2019 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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The cost of living was higher across many products and services in September. ... More

Real Estate & Mortgage News

  10/10/2019 | Posted in Mortgages and Real Estate by Crescendo Realty
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s central ... More

Real Estate & Mortgage News

  9/19/2019 | Posted in Mortgages and Real Estate by Crescendo Realty
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ... More

Real Estate & Mortgage News

  7/28/2019 | Posted in Mortgages and Real Estate by Crescendo Realty
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate. ... More

Real Estate & Mortgage News

  7/18/2019 | Posted in Mortgage Interest Rates by Crescendo Realty
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived. ... More

Real Estate & Mortgage News

  7/17/2019 | Posted in Mortgages and Real Estate by Crescendo Realty
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgage Interest Rates by Crescendo Realty
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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

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgages and Real Estate by Crescendo Realty
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Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices. ... More

Real Estate & Mortgage News

  5/9/2019 | Posted in Mortgages and Real Estate by Crescendo Realty
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Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More

Real Estate & Mortgage News

  5/6/2019 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ... More

Real Estate & Mortgage News

  3/15/2019 | Posted in Interest Rates by Crescendo Realty
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The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More

Real Estate & Mortgage News

  2/22/2019 | Posted in Mortgages and Real Estate by Crescendo Realty
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The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head. ... More

Real Estate & Mortgage News

  2/6/2019 | Posted in Mortgages and Real Estate by Crescendo Realty
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Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that ... More

Real Estate & Mortgage News

  2/5/2019 | Posted in Mortgages and Real Estate by Crescendo Realty
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Residential mortgage growth rose 3.1 per cent to $1.55 trillion in December from a year earlier, the slowest pace since May 2001, and half the growth rate from two years ago, ... More

Real Estate & Mortgage News

  12/14/2018 | Posted in Mortgage Interest Rates by Crescendo Realty
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Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ... More

Real Estate & Mortgage News

  12/14/2018 | Posted in Mortgages and Real Estate by Crescendo Realty
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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

Real Estate & Mortgage News