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Published on Mon, 10 Aug 2020 14:22:30 +0000

The real estate market has an ever-rising temperature despite doomsday predictions By: John Last, Katie Toth When Vanessa Thorson bought her duplex in Whitehorse’s Takhini neighbourhood in 2015, it cost her just $285,000. Three years later, she moved to Alberta and sold it for $305,000. But when she returned just 18 months later, in the fall of 2019, she says ... Read More

The post Even amid pandemic, the northern housing market is hotter than ever, say realtors appeared first on Mortgage Talk Canada.

Published on Tue, 04 Aug 2020 13:45:40 +0000

by Kasi Johnston When the COVID-19 pandemic first hit back in March, Canada’s big banks announced that clients affected by the coronavirus crisis would have the option to defer their mortgage payments for up to six months. Lenders across the country soon followed suit, offering their own mortgage payment deferral programs. Depending on which plan the borrower entered into, that ... Read More

The post As deferral programs end, a reverse mortgage can help appeared first on Mortgage Talk Canada.

Published on Mon, 20 Jul 2020 15:03:36 +0000

It seems small town real estate is doing well, and two of the attractions are more space and less COVID-19. By: Terri Trembath Jennifer Handley is a real estate agent in Nanton, a town about an hour drive south of Calgary. She is also the town’s mayor. According to her, the Nanton housing market is hot right now. “We haven’t ... Read More

The post Small town realtor says COVID-19 may have city dwellers looking for wider, open spaces appeared first on Mortgage Talk Canada.

Published on Mon, 13 Jul 2020 13:29:45 +0000

By Natalia Vega Home sales in Chatham-Kent are heating up as the industry starts to recover from the COVID-19 pandemic. The Chatham-Kent Association of Realtors reports that 127 homes were sold in June, which is only one fewer sale than the same time last year. On a year-to-date basis, 554 homes were sold in the first six months of 2020, a ... Read More

The post CK home sales bounce back with higher prices appeared first on Mortgage Talk Canada.

Published on Mon, 29 Jun 2020 13:20:12 +0000

by David Larock Canadian mortgage rates continue to fall, and it now seems only a matter of time before they hit record lows, which I peg at about 2% for widely available five-year fixed-rate mortgages. While the decline in mortgage rates has been hastened by the COVID crisis and the oil price crash, longer-term factors are also putting downward pressure ... Read More

The post Print This Post Why Record-Low Mortgage Rates Now Seem Inevitable appeared first on Mortgage Talk Canada.

Published on Mon, 15 Jun 2020 14:09:58 +0000

By: Myke Thomas With evidence confidence in the real estate market is increasing, there are indications first-time home buyer intentions to buy have not wavered, says Phil Soper, president and CEO of Royal LePage. “We saw intentions through the Environics study that Genworth did in February and May and we found intentions to buy are the same,” says Soper. “They’re ... Read More

The post Intentions to buy are strong with first-time home buyers appeared first on Mortgage Talk Canada.

Published on Mon, 08 Jun 2020 13:51:45 +0000

By: Ephraim Vecina The Bank of Canada’s next interest rate decision and economic outlook in mid-July will largely depend on consumer activity and fiscal movements in the next few weeks, according to Toni Gravelle, the central bank’s deputy governor. Cautiousness is warranted amid the risks and uncertainties arrayed against the Canadian financial system, Gravelle said. “A lot will depend on ... Read More

The post Bank of Canada to allow June consumer activity to define interest rate trajectory appeared first on Mortgage Talk Canada.

Published on Mon, 01 Jun 2020 13:16:05 +0000

by Ephraim Vecina Despite multiple headwinds and the continuous ravages of COVID-19, Canadian market activity and purchasing power will be able to recover quickly after the outbreak eases, according to outgoing Bank of Canada Governor Stephen Poloz. “We have to be able to manage the risks around those things, so I’m not going to dismiss [the worst scenarios],” Poloz told BNN ... Read More

The post Expect rapid post-pandemic recovery – BoC’s Poloz appeared first on Mortgage Talk Canada.

Published on Tue, 26 May 2020 13:16:52 +0000

Retailers go broke, property and oil fall but maybe the economic pain will speed beneficial changes By: Don Pittis As people are thrown out of work, as businesses fail and as the oil and housing sectors weaken, there is a branch of economics that insists it all may have a silver lining. Just last week the retailer Pier 1, familiar to ... Read More

The post COVID-19 may be the catalyst — not the cause — of a painful but useful economic transformation: Don Pittis appeared first on Mortgage Talk Canada.

Published on Tue, 26 May 2020 13:14:48 +0000

Retailers go broke, property and oil fall but maybe the economic pain will speed beneficial changes By: Don Pitts As people are thrown out of work, as businesses fail and as the oil and housing sectors weaken, there is a branch of economics that insists it all may have a silver lining. Just last week the retailer Pier 1, familiar to ... Read More

The post COVID-19 may be the catalyst — not the cause — of a painful but useful economic transformation: Don Pittis appeared first on Mortgage Talk Canada.