8/1/2022 | Posted in Home Buyers by Paul Solomons
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Here is a list of expenses you will have with carrying a home.

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Real Estate & Mortgage News

  7/31/2022 | Posted in Home Buyers by Paul Solomons
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Here are the pros and cons of buying a house in a recession - and everything in between.

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Real Estate & Mortgage News

  7/10/2022 | Posted in Mortgage Interest Rates by Paul Solomons
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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally.

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Real Estate & Mortgage News

  6/17/2022 | Posted in Mortgages and Real Estate by Paul Solomons
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Experts say extending the amortization period for your mortgage could keep your monthly payments in check even as you face higher interest rates, but caution that doing so ... More

Real Estate & Mortgage News

  6/16/2022 | Posted in Canadian Housing Market by Paul Solomons
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In May, the number of new homes that started construction in Canada trended lower compared to the previous month, but still remained at elevated levels.

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Real Estate & Mortgage News

  6/14/2022 | Posted in Interest Rates by Paul Solomons
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Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising.

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Real Estate & Mortgage News

  6/8/2022 | Posted in Canadian Housing Market by Paul Solomons
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Central bank's outsized rate increases having a big impact, according to RBC.

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Real Estate & Mortgage News

  6/1/2022 | Posted in Mortgage Interest Rates by Paul Solomons
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The Bank of Canada has raised its trendsetting interest rate by 50 basis points, marking its second consecutive oversized hike – and third overall increase this year ... More

Real Estate & Mortgage News

  6/1/2022 | Posted in Home Buyers by Paul Solomons
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Many wonder if and how their credit score affects their ability to buy a house.

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Real Estate & Mortgage News

  5/9/2022 | Posted in Interest Rates by Paul Solomons
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Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates.

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Real Estate & Mortgage News

  4/26/2022 | Posted in Real Estate News by Paul Solomons
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Canadian household budgets are being squeezed tight but buying a home remains on the wish list

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Real Estate & Mortgage News

  3/31/2020 | Posted in Mortgage Interest Rates by Paul Solomons
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.

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Real Estate & Mortgage News

  3/18/2020 | Posted in Mortgage News by Paul Solomons
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Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers.

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Real Estate & Mortgage News

  2/19/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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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 ... More

Real Estate & Mortgage News

  2/10/2020 | Posted in GTA Real Estate by Paul Solomons
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford.

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Real Estate & Mortgage News

  1/3/2020 | Posted in Home Buyers by Paul Solomons
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Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer.

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Real Estate & Mortgage News

  12/13/2019 | Posted in Home Buyers by Paul Solomons
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Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey.

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Real Estate & Mortgage News

  11/25/2019 | Posted in Canadian Housing Market by Paul Solomons
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Canadians are satisfied with their homes and neighbourhoods but will probably not stay put according to a new survey.

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Real Estate & Mortgage News

  9/19/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.

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Real Estate & Mortgage News

  9/6/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests.

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Real Estate & Mortgage News

  8/10/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes.

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Real Estate & Mortgage News

  7/28/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate.

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Real Estate & Mortgage News

  7/21/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years.

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Real Estate & Mortgage News

  7/18/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp.

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Real Estate & Mortgage News

  7/17/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid ... More

Real Estate & Mortgage News

  7/3/2019 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics.

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Real Estate & Mortgage News

  6/13/2019 | Posted in Home Buyers by Paul Solomons
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Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgage Interest Rates by Paul Solomons
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast.

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Real Estate & Mortgage News
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