12/14/2018 | Posted in Mortgages and Real Estate by Century 21 People's Choice
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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

  5/28/2018 | Posted in Mortgage Interest Rates by Century 21 People's Choice
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Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving Canadian ... More

Real Estate & Mortgage News

  5/9/2018 | Posted in Home Buyers by Century 21 People's Choice
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The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers’ ... More

Real Estate & Mortgage News

  5/1/2018 | Posted in Home Buyers by Century 21 People's Choice
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The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points. ... More

Real Estate & Mortgage News

  4/27/2018 | Posted in Mortgage Interest Rates by Century 21 People's Choice
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Two of Canada's biggest banks are raising their benchmark rates for five-year, fixed-rate mortgages. ... More

Real Estate & Mortgage News

  2/28/2018 | Posted in Financial Health by Century 21 People's Choice
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Evidence of mortgage fraud amid surging home prices and household debt has prompted S&P Global Ratings to lower a key risk metric for Canadian banks. ... More

Real Estate & Mortgage News