Tag: home buyers

BMO

Homebuyers looking to take advantage of low mortgage rates

By: The Super Broker

It seems like not a day can go buy without some industry observer proclaiming that the sky is falling in the Canadian real estate market. However, if data from the Bank of Montreal is to be believed, maybe the end times aren't as certain as some may think. While it's no secret that the housing …

CMHC consumer survey sheds light on mortgage process

By: The Super Broker

When evaluating the mortgage market, one of the best ways to understand how the industry is faring is to look at the ways consumers are going about the process of finding a mortgage. The manner in which borrowers react to rules and regulations, use various tools to search for mortgage information (including lender websites and …

Canadian mortgage rates continue to climb after Bernanke's latest edict

By: The Super Broker

With Canadian and American mortgage rates being closely linked, there is little surprise to be seen on the faces of Royal Bank of Canada and Scotiabank officials as the remarks of U.S. Federal Reserve Chairman Ben Bernanke spurred rates for a five-year closed mortgage to a level of 4.26 percent as detailed in the Epoch …

Five-year fixed-mortgage rates on the rise

By: The Super Broker

Rates for five-year fixed-mortgages are climbing, effectively ending the trend of 3 percent five-year fixed-mortgage rates. According to Move Smartly, last week five-year fixed-mortgage rates rose and then rose again. The increase is a lender reaction to the Government of Canada's (GoC) bond market. The GoC's five-year bond yields have, in the past seven weeks, …

Low mortgage rates

Mortgage rates present opportunity

By: The Super Broker

Historically low mortgage rates are continuing to make homeownership affordable for Canadians, according to the Royal Bank of Canada. Data from the RBC's Housing Trends and Affordability report shows that low mortgage rates are keeping Canadian homeowners from entering dangerously unaffordable territory. Additionally, the report stated that rate increases are likely not on the horizon. …

FitchRatings

Fitch Ratings highlights six default factors

By: The Super Broker

According to Fitch Ratings’ Canadian Residential Mortgage Loan Loss Model, there are six primary factors that influence mortgage defaults.

Home prices rise, construction declines

By: The Super Broker

If it seems like Canada’s housing market bounces back and forth from doom and gloom to optimism and sunshine faster than a mortgage application can be submitted, it’s likely because it makes for better headlines than the truth: The market is cooling, but it’s heading for a soft landing, not a crash.

Counting on curb appeal

By: The Super Broker

Many Canadian homeowners are looking to take advantage of historically low mortgage rates and upgrade to a new property.

family walking

The importance of walkability

By: The Super Broker

While the financial responsibilities that come with buying a home are important to consider, there’s more to purchasing property than just home loans and mortgage rates.

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