Home buyers have good reason to feel jolly – RateSupermarket.ca’s expert Mortgage Rate Outlook Panel calls for low fixed and variable mortgage rates.
Last Friday, it was announced that the CMHC must pay risk fees to the Canadian government in exchange for backing 100% of the high risk mortgages they cover. How will this impact tax payers – and will it lead to higher costs for home buyers?
The latest RBC housing market report finds urban home prices continue to be out of reach for many buyers, particularly single detached homes.
Mortgages Spotlight: The IMF challenges whether CMHC should cover mortgage defaults in Canada, and predicts strong economic growth next year.
CMHC default insurance is mandatory for all home buyers paying less than 20 per cent on their home purchase. But are these mandatory premiums priced too high? A new petition is challenging the CMHC’s profit margins, arguing it’s time to give first time home buyers a break.
Bank of Canada Governor Stephen Poloz has expressed confidence that the Canadian housing market is on track to balanced territory despite contradicting reports of overvaluation and an inevitable rate rise.
CREA’s latest housing data update indicates the Fall market may have been driven by customers possessing a low rate hold.
Mortgages Spotlight: Two opposing views on the potential of rising interest rates are released by Canadian policy makers.
Fears of a global housing market bubble are renewed, as interest rates remain low worldwide, and housing demand grows. Could this lead to a U.S.-style burst and meltdown? What are the consequences for Canadians and our own housing market?
Fixed mortgage rates will lower slightly in November, while variable rates will remain unchanged for the long term, according to the RateSupermarket panel.