Mortgage rates in Canada are falling While the new trend could be bad news for the national economy, it may also help Canadian mortgage holders benefit from the lower rates. During the several previous weeks, we’ve seen fixed mortgage rates declining, as the cost of financing...

How to change the mortgage stress test in order to help Canadian buyers? Lately, Canada’s stress test for uninsured mortgages has been criticized strongly by the housing industry, but it seems that policymakers don’t share the idea of eliminating it. Nevertheless, specialists say there are ways...

Canada’s inflation went up slightly in February The recent report by Statistics Canada shows that the annual pace of inflation was up slightly last month, as increases in most categories offset lower gasoline prices. The consumer price index rose by 1.5% in February from a year...

RBC predicts home sales decline until fall caused by the new budget The recent report by RBC says new measures for first-time home buyers may keep the national real estate market cooled until autumn. As you know, Canada’s new federal budget includes help for first-time home...

A new controversial budget has been released The new federal budget includes measures on supporting Canada’s real estate market. However, it didn’t reconsider the mortgage stress test. The government decided to help first-time buyers, and this idea was mostly welcomed. The Canadian Mortgage and Housing Corporation (CMHC)...