6/30/2020 | Posted in Mortgages and Real Estate by Bashar Mahfooth
  SHARE

While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for ... More

Real Estate & Mortgage News

  6/23/2020 | Posted in Mortgage Interest Rates by Bashar Mahfooth
  SHARE

Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ... More

Real Estate & Mortgage News

  6/12/2020 | Posted in Mortgages and Real Estate by Bashar Mahfooth
  SHARE

Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1. ... More

Real Estate & Mortgage News

  6/3/2020 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

Real Estate & Mortgage News

  6/1/2020 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two. ... More

Real Estate & Mortgage News

  5/18/2020 | Posted in Financial Health by Bashar Mahfooth
  SHARE

Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the Bank ... More

Real Estate & Mortgage News

  5/16/2020 | Posted in Canadian Economy and Housing Market by Bashar Mahfooth
  SHARE

Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week. ... More

Real Estate & Mortgage News

  5/12/2020 | Posted in Mortgages and Real Estate by Bashar Mahfooth
  SHARE

The coronavirus has plunged market activity into a deep freeze ... More

Real Estate & Mortgage News

  4/21/2020 | Posted in Canadian Economy and Housing Market by Bashar Mahfooth
  SHARE

Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ... More

Real Estate & Mortgage News

  4/17/2020 | Posted in Mortgages and Real Estate by Bashar Mahfooth
  SHARE

Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

Real Estate & Mortgage News

  4/4/2020 | Posted in Mortgages and Real Estate by Bashar Mahfooth
  SHARE

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 Bashar Mahfooth
  SHARE

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

Real Estate & Mortgage News

  3/28/2020 | Posted in Canadian Economy and Housing Market by Bashar Mahfooth
  SHARE

Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and job ... More

Real Estate & Mortgage News

  3/18/2020 | Posted in Mortgage News by Bashar Mahfooth
  SHARE

Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers. ... More

Real Estate & Mortgage News

  3/17/2020 | Posted in Canadian Economy and Housing Market by Bashar Mahfooth
  SHARE

The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system. ... More

Real Estate & Mortgage News

  3/5/2020 | Posted in Mortgages and Real Estate by Bashar Mahfooth
  SHARE

Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... More

Real Estate & Mortgage News

  3/4/2020 | Posted in Mortgage Interest Rates by Bashar Mahfooth
  SHARE

The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More

Real Estate & Mortgage News

  3/4/2020 | Posted in Canadian Housing Market by Bashar Mahfooth
  SHARE

Lower mortgage rates likely to offset any major drag from a global outbreak ... More

Real Estate & Mortgage News

  3/2/2020 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

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

Real Estate & Mortgage News

  2/19/2020 | Posted in Mortgages and Real Estate by Bashar Mahfooth
  SHARE

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

  2/18/2020 | Posted in Mortgages and Real Estate by Bashar Mahfooth
  SHARE

Ottawa changing stress test rate for insured mortgages starting April 6. ... More

Real Estate & Mortgage News

  2/10/2020 | Posted in GTA Real Estate by Bashar Mahfooth
  SHARE

Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ... More

Real Estate & Mortgage News

  1/29/2020 | Posted in Mortgage Interest Rates by Bashar Mahfooth
  SHARE

Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down ... More

Real Estate & Mortgage News

  1/28/2020 | Posted in Financial Health by Bashar Mahfooth
  SHARE

Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More

Real Estate & Mortgage News

  1/22/2020 | Posted in Mortgages and Real Estate by Bashar Mahfooth
  SHARE

The current lending rules in Canada are geared towards shorter-mortgage terms ... More

Real Estate & Mortgage News

  1/17/2020 | Posted in Mortgages and Real Estate by Bashar Mahfooth
  SHARE

The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... More

Real Estate & Mortgage News

  11/29/2019 | Posted in Mortgage Interest Rates by Bashar Mahfooth
  SHARE

Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting. ... More

Real Estate & Mortgage News

  11/22/2019 | Posted in Canadian Housing Market by Bashar Mahfooth
  SHARE

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
Ask Bashar Mahfooth

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.

Security Question: 7 + 7 =