Canada’s National Housing Agency is preparing for price declines. Homeowners who have less than 20% down on their homes should expect lower debt service maximums and a ban on borrowing down payments. For most, these are positive changes set to take place in...
There are three things that could happen which would send mortgage rates lower. First, Bond Yields could fall to record low levels. Bond Yields are a reflection of the economic and inflation outlook. If the economic outlook is bleak, mortgage rates will fall further...
A slowdown in revenue from AirBNB may be boosting the real estate industry in parts of Canada, such as Toronto and Vancouver. This is because the travel industry is not projected to recover quickly after the global pandemic settles down. Because people are not renting...
Moody’s are predicting a drop of at least 30% in Canadian real estate prices as a result of the ongoing pandemic. The model used to analyse the market looked at overall economic condition in Canada to come up with its conclusion. Canadian businesses are...
Stocks have surged since March, but today, they lost some of their optimism. The S&P 500 dropped nearly 6%. Oil dropped 9% as well. Meanwhile, credit spreads have mostly returned to normal after a bit of panic in March. This is good news for mortgage shoppers, as...
Mortgage deferrals are not supposed to have any impact on one’s credit. However, they can be a red flag. The lender, as a result, may ask for troublesome documentation or even decline you if you have other red flags. Therefore, it is always critical to be...
